BiggerPockets Daily Why Home Prices Everywhere Look More and More Like California
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Jul 3, 2025 Home prices in once-affordable Sun Belt cities are skyrocketing, now resembling California’s challenges. The surge is fueled by high demand and restrictive zoning laws. Builders face increasing resistance from communities, stifling new projects in cities like Phoenix and Dallas. A look at how NIMBYism and regulatory hurdles are causing a shift in the housing landscape raises urgent questions about the future of homeownership in America. Interestingly, Raleigh is highlighted as a beacon of hope with its pro-housing reforms, navigating these turbulent waters.
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Sun Belt Cities Losing Affordability
- Sun Belt cities like Phoenix and Miami are losing their status as affordable housing alternatives to coastal metros.
- Home prices in these cities have skyrocketed, catching up with historically expensive coastal areas.
Sunbelt Faces Coastal Constraints
- Sunbelt cities today face similar growth limits that coastal cities encountered decades ago.
- Rapid growth is now boxed in by regulations, NIMBYism, and land constraints.
Regulations Hit Red States Too
- Restrictive land use regulations block construction in both traditionally blue and red states.
- Miami and Phoenix rank among the top 10 most restrictive metro areas for land use despite being in red or purple states.