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Amazon’s Jeff Bezos Acquires Third Mansion in Miami for $90 Million

Jeff Bezos's third mansion is located on Indian Creek Island where he already owns two other mansions worth $147 million combined.

Biden Administration to Cap Rent Hikes for Some Affordable Housing Units

The cap will limit the amount property owners can raise rents at 10%. The Biden administration has put a cap on how much rents can be increased in some affordable housing units subsidized by the federal government.

Economist Says Housing Affordability in the US Has ‘Collapsed'

Would-be homebuyers now need an annual income of $113,520 to afford a typical home in the U.S. A senior economist at Redfin this week said housing affordability in the United States has "collapsed" as home costs outpace median household incomes.