While fewer houses are being bought and sold in the first months of the pandemic, prices are on the rise as buyers find less supply available on the market.

"Home sales may have slowed to a trickle, as much of the national economy shut down in the face of the coronavirus pandemic, but home prices did just the opposite," reports Diana Olick.
"Nationally, values rose 5.4% annually in April, a sharp increase from the 4.5% annual increase in March," adds Olick, citing data from CoreLogic.
The rising prices have coincided with a decline in supply, especially at the entry level into the market. "The inventory of entry-level homes for sale fell 25% in April from a year ago," explains Olick. Frank Nothaft, chief economist at CoreLogic, is quoted saying that the lack of supply is likely to contribute to rising housing prices through the spring.
FULL STORY: Home prices in April saw biggest gain in 2 years, but they’re expected to drop by next year

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

Opinion: Transit Agencies Must View Service Cuts as Last Resort
Reducing service could cripple transit systems by pushing more riders to consider car ownership, making future recovery even less certain.

‘Smart Surfaces’ Policy Guide Offers Advice for Building and Maintaining Urban Tree Canopies
Healthy, robust tree canopies can reduce the impacts of extreme heat and improve air quality.

New Jersey Lawsuit Targets Rent-Setting Algorithms
The state of New Jersey is taking legal action against landlords and companies that engage in what the state’s Attorney General alleges is illegal rent fixing.
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