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LATEST NEWS
HUD Proposes Updates to HOME Grant Program
RECOMMENDED
Hawaii Passes First Legislation Regulating Short-Term Rentals Statewide

The new law will give counties the power to limit number or short-term rentals
and convert existing short-term rental units back into long-term residential
housing.

RECOMMENDED
Virginia Data Centers Draining State’s Water Supply

Being the world’s largest data center hub is having a severe impact on local
water resources.

The Planetizen Newswire is an email newsletter that gathers the most popular
news and features from our website into a condensed, readable form in your
inbox.
Subscribe
View All News
Blogs and Features
The latest blogs written by experts in planning.
Top Books
An annual review of books related to planning.
Planopedia
Clear, accessible definitions for common urban planning terms.
City Profiles
Explore cities through an urban planning lens.
View All Exclusives
View All Jobs
Search for your next urban planning or urban design job, today.
Post a Job
Reach Planetizen’s massive audience working in the built and natural
environments.
Career Guide
A behind-the-scenes assessment of careers in Urban Planning
Subscribe to the Jobswire
Subscribe
View all Jobs
Sharpen your professional edge with access to over 300 courses on urban
planning.
90% of students who study with the Planetizen AICP Exam Prep Class pass the
exam.
Planning Commissioner Training
Ten courses on the essentials of citizen planning.
AICP Continued Education
Browse Courses available for AICP continuing maintenance (CM) credit. 
Browse Courses
View Training Page
School Directory
Search the definitive online directory of academic programs in urban planning
and related fields.

Top Schools
The Top Graduate Urban Planning Programs in the US.
Educators
Promote your Planning Program
Learn More
View Schools Page
View Events
Use the Board to find urban planning conferences, webinars, educational
opportunities, publication releases, and more.
Promote your Event
Publicize your event to a massive audience of urban planning professionals.
Advertise with Us
We help you connect with people dedicated to creating better places. Promote
your ad with us today!
Learn More
View RFPs
Find urban planning requests for proposals, qualifications, and information in
design and planning-related fields.
Promote your RFP
Publicize your RFPs and RFQs to a massive audience of urban planning
professionals.
Advertise with Us
We help you connect with people dedicated to creating better places. Promote
your ad with us today!
Learn More
Shop our selection of books and city themed apparel, jewelry, gifts and home
items.
Guide to Graduate Urban Planning Programs, 7th Edition
Planners Accross America
Shop Gifts
Shop Now



U.S. HOME SALES TO FOREIGN BUYERS DROP BY ALMOST 10 PERCENT

International purchases of homes on the U.S. housing market slowed in the last
year.

1 minute read

August 2, 2023, 10:00 AM PDT

By Diana Ionescu @aworkoffiction



--------------------------------------------------------------------------------

Sundry Photography / House for sale

A report from the National Association of Realtors reveals a 9.6 percent drop in
foreign investment in the U.S. housing market between April 2022 and March 2023,
while sale prices remain high. “Foreign buyers who lived abroad purchased $29.9
billion worth of existing homes, up 20% from the 12 months prior and accounting
for 56% of the dollar volume.”

“The 84,600 existing homes sold – the lowest since NAR began tracking in 2009 –
retreated 14.2% from the prior year.” Meanwhile, sale prices were the highest
ever recorded. “Half of foreign buyers purchased their property for use as a
vacation home, rental property, or both – up from 44% the previous year.”

According to NAR Chief Economist Lawrence Yun, “recovering international travel
following the end of the pandemic will bring more foreign transactions in coming
months and years.”

The report adds, “China and Canada remained first and second in U.S. residential
sales dollar volume at $13.6 billion and $6.6 billion, respectively, continuing
a trend going back to 2013. Mexico ($4.2 billion), India ($3.4 billion) and
Colombia ($0.9 billion) rounded out the top five.”

FULL STORY: Annual Foreign Investment in U.S. Existing-Home Sales Declined 9.6%
to $53.3 Billion

Tuesday, August 1, 2023 in National Association Of Realtors

Housing United States Real Estate Home Sale Prices Foreign Investment Housing
Market Homeownership Short-Term Rentals Housing Supply Housing Costs View More

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RELATED


ULTRA-COMPETITIVE HOUSING MARKET SHOWS NO SIGNS OF SLOWING

Home prices in the Puget Sound region continue to skyrocket as buyers engage in
intense bidding wars and demand continues to outpace supply.

March 11, 2022 - MyNorthwest


STUDY: HALF AS MANY METRO AREAS AFFORDABLE TO LOW-INCOME HOMEBUYERS IN 2021 AS
IN 2020

Over 13 million potential first-time homebuyers were priced out this year,
putting homeownership out of reach for low-income households in most of the
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October 25, 2021 - Joint Center for Housing Studies of Harvard University


WHITE-HOT REAL ESTATE MARKET STARTING TO COOL

The housing frenzy brought on by the pandemic is easing up, with slower growth
of median home prices and fewer offers.

August 20, 2021 - New York Times


MOST READ


HAWAII PASSES FIRST LEGISLATION REGULATING SHORT-TERM RENTALS STATEWIDE

The new law will give counties the power to limit number or short-term rentals
and convert existing short-term rental units back into long-term residential
housing.

May 13, 2024 - USA Today


VIRGINIA DATA CENTERS DRAINING STATE’S WATER SUPPLY

Being the world’s largest data center hub is having a severe impact on local
water resources.

May 9, 2024 - Grist


CONGESTION PRICING IN THE SAN FRANCISCO BAY AREA

Planners call them “express lanes,” but make no mistake, they are congestion
pricing in action, and they're successful. The Bay Area network of what the
Federal Highway Administration calls “high-occupancy toll (HOT) lanes” is
growing.

May 12, 2024 - San Francisco Chronicle


LATEST NEWS


HUD PROPOSES UPDATES TO HOME GRANT PROGRAM

The agency’s proposal would streamline and modernize its largest affordable
housing grant program, which will award $1.3 billion in FY 2024.

4 minutes ago - U.S. Department of Housing and Urban Development


NYC ISSUES OVER $16 MILLION IN SHORT-TERM RENTAL FINES

So far, the strict new regulations governing Airbnb and other short-term rentals
have not made a significant impact on the rental housing market.

1 hour ago - The Real Deal


‘STROADS:’ THE WORST OF BOTH WORLDS

An urban planning critic says the U.S. should build streets for people to live
on, and roads to move traffic quickly.

May 15 - The Wall Street Journal

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