Real Estate News 03/02/2026

As housing costs climb nationwide, cities and states are reviving rent-control efforts — setting up a growing showdown between tenant advocates and Big Real Estate.

In The News:

The Progressive Magazine – “Why the Rent-Control Movement Is Growing“ (02-25-2026)

“The only way to overcome the real estate industry is to have a unified, people-power rent-control movement.”

FOX Business –“FHFA chief says Trump deployed $200B to slash mortgage rates, impact was immediate” (02-25-2026)

“Pulte says admin rejected selling Fannie Mae and Freddie Mac, instead used cash to support bond market and ease pressure on homebuyers”

Redfin News –“More Homeowners Have a Rate Above 6% Than a Rate Below 3% For the First Time in 5 Years” (02-27-2026)

“21% of U.S. mortgaged homeowners have a rate of 6% or higher, the highest share in a decade. 20% have a rate under 3%, the lowest share in 5 years.”

NPR –“Mortgage rates fall below 6% for the first time in years“ (02-26-2026)

“The average 30-year, fixed-rate mortgage is at 5.98% this week, according to a new report from the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac.”

News Weaves –“New York City’s Proposed 9.5% Real Estate Tax Hike Sparks National Debate Over Housing Affordability “ (02-26-2026)

“A proposed 9.5% increase in New York City property taxes has triggered widespread concern as national home prices have surged 55% over the last five years. The move highlights a growing tension between municipal funding needs and the financial stability of homeowners..”