Here are the housing issues dominating the 2026 midterms
California voters face an $11.25 billion housing bond, a measure funding second mortgages worth up to 17% of a new home’s price, and a permitting overhaul.
Four of Oxford’s five least affordable metros are in California, and each requires household income above $250,000.
In Texas, Republican Gov. Greg Abbott pledges to cut more than $16,000 from the cost of a new home. Democratic challenger Gina Hinojosa would curb corporate purchases of single-family homes. Texas metros posted among the mildest affordability declines in Oxford’s study.
Housing also features in governor races in Colorado, Michigan, Massachusetts and Rhode Island.
Jacy Bloom, Owner and Mortgage Broker at Bloom Mortgage Solutions, says new condo financing requirements are pushing more buyers toward non-QM loans as more buildings fall outside conventional lending guidelines. https://t.co/wxngjhImnB
— Mortgage Professional America Magazine (@MPAMagazineUS) November 2, 2026
What the vote means for mortgage brokers
Washington has offered less. The 21st Century ROAD to Housing Act became law without President Donald Trump’s signature. Its limits on large investors buying single-family homes take effect in January.
