Let’s Use AI and Property Tax Reform to Alleviate Housing Costs

Housing costs have climbed rapidly in the past few years, with the average US home sale price up 47.5% from the fourth quarter of 2020 to the fourth quarter of 2022. The crunch in housing supply is felt acutely by prospective buyers of mid-range and working-class housing.

The market wants to meet this demand with more construction. The average new-construction house in 2022 was just a shade over 2,500 square feet, which places the cost of the average newly constructed home in more than half of the 50 states above ...