David Deem 714-997-3486 Dave@DeemTeam.com The U.S. Department of Housing and Urban Development (HUD) has released new research—" Opportunities to Increase Housing Production and Preservation "—that outlines the strategies being pursued by state and local governments to remove regulatory barriers to affordable housing and increase housing supply.     The details:    - The new research is published by HUD's Office of Policy Development & Research (PD&R)   - These strategies are part of HUD's initiative to add nearly 100,000 affordable homes to the markets in the next three years   - The strategies will be incorporated into HUD's Regulatory Barriers Clearinghouse, which has over 4,800 barriers and solutions and provides a catalog of information that spans all 50 states and over 460 cities and counties   - Insights will be used for zoning reform in President Biden's Build Back Better Plan   The ta...

  David Deem 714-997-3486 Dave@DeemTeam.com There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go all the way back to 1985? Or even 1975? Obviously, the price of a home has appreciated dramatically over the last 45 years. So have the prices of milk, bread, and just about every other consumable.  Prices rise over time  – we know it as  inflation . However, when we look at housing,  price  is just one component that makes up the monthly  cost  of the home. Another key factor is the mortgage rate at the time of purchase. Let’s look back at the  cost  of a home over the last five decades and adjust it for inflation by converting that cost to 2021 dollars. Here’s the methodology ...