A recent report from Realtor.com highlighted a disconnect between housing development and transportation options. The report showed that new housing continues to be built in car-dependent areas despite a growing demand for more walkable communities.
According to data from the Federal Highway Administration, Americans are driving less now than they did 20 years ago. This trend is largely due to economic factors.
The report suggests that more housing should be built closer to public transportation to help boost local economies.
Mortgage rates are now reversing course after reaching their lowest level since 2022 last week. The 30-year mortgage rate is currently an average of 6.2%, according to Bankrate. Financial experts expect the temporary increase in home buying activity at the end of 2025 to slow as rates rise again.
President Trump recently mentioned he has a plan to address housing affordability, including lowering mortgage rates, but details have not yet been released.
