The rezoning trend is real. We are skeptical it moves single-family prices much on its own. In high-cost, largely built-out coastal cities, the state has mandated that cities plan for a set number of new units, often affordable ones. That pushes cities to rezone land from low density toward higher density, including townhomes on former single-family lots. Why we doubt the price impact: - Rezoning does not create land. The core coastal problem is demand pressing against genuinely limited land, and that stays true either way. - Much of what gets built becomes rentals, so for-sale supply grows less than the headlines suggest. - The added density is usually a small share of a large, built-out market, which mutes the effect on existing single-family values. There is also a fair question about whether roads and services sized for low density can absorb the growth, and local opposition tends to be fierce. If you own a single-family home in one of these areas, keep an eye on it. But rezoning alone is unlikely to swing your home's value in the near term, and nobody can predict prices with certainty, including us.