In the years following the Covid-19 Pandemic, the affordability and availability of homes has become a glaring issue in Pennsylvania and beyond, primarily due to rising interest rates, inflation, labor shortages, and an overall shortage of housing supply. In January 2024, housing listings were down nearly 20% and sales dropped more than 3% year-over-year with a median home price that is 42% higher than it was in January 2019, according to the Pennsylvania Association of Realtors.
In recent months, Pennsylvania lawmakers on both sides of the aisle have sponsored bills that emphasize the urgency of the housing crisis facing the Commonwealth. These laws could have significant impacts on the future of municipal law and land use development.Continue Reading Republicans and Democrats in Harrisburg Are Taking Aim at Pennsylvania’s Housing Affordability and Availability Troubles: Potential Impacts to Builders, Municipalities, and Homeowners