LISBON (Reuters) - Portugal's parliament on Friday approved a bill allowing rural land to be more easily reclassified for urban use and allocated to affordable housing, one of the government's key proposals to curb a worsening housing crisis.

Houston residents may bemoan rising housing costs, but a new report suggests that renters may be finally catching a bit of break — at least compared to other cities. Houston was ranked the second most affordable major city in the country for renters by a new analysis in which Redfin compared the median apartment rent to the median income of renter households.

The cost of renting in the United States has taken a slight dip, with the median asking rent falling to $1,592—the lowest it has been since March 2022.