Residential

Demand for Tiny Homes Spikes as Housing Affordability Crisis Continues

Housing Market, Residential / By

Published by FOX Business | July 24, 2024 Tiny homes can range between 300 and 750 square feet The housing affordability crisis that continues to trouble would-be homebuyers is sparking an increase in demand for tiny homes. In response to this demand for more affordable properties, an innovative tiny home community called Mustard Seed Village …

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The Salary Needed To Afford a Home Has More Than Doubled Since Before the Pandemic

Housing Market, Residential / By

Published by REALTOR.com | July 16, 2024 The combination of high list prices and elevated mortgage rates means owning a home now costs nearly twice as much as it used to. Scraping together enough money to buy a home can seem like a fruitless endeavor, especially in today’s housing market dominated by high mortgage rates …

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FORBES: How To Determine The Highest And Best Value For Your Property

Commercial Property, Residential / By

Published by Forbes.com | July 7, 2024 If you’re selling a property, you’ll want to evaluate the highest and best value, which can lead to the highest selling price. If you’re selling a property, one of the first questions you’ll want answered relates to the value of the property. When you know an estimate for …

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Biden’s New Home Construction Efficiency Rules Cause Outrage, Doubts Over Affordability

Politics, Residential / By

Published by FOX Business | July 8, 2024 A Biden-Harris administration official rejected claims the new standards will further burden first-time homebuyers and families already facing record high prices. The Biden administration on Monday rejected claims from Congress and homebuilder groups that new energy efficiency standards for home construction will make a bad economic situation …

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Home Affordability Just Hit Its Lowest Point Since 2007

Economy, Residential / By

Published by REALTOR.com | July 3, 2024 Expenses associated with owning a home—including the mortgage, homeowners insurance, and real estate taxes—now take up 35.1% of a homeowner’s take-home pay Home affordability is at its lowest point since 2007, according to a new report from ATTOM Data Solutions. Expenses associated with owning a home—including the mortgage, …

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Blue-State Residents Are Fleeing To Red States for Lower House Prices

Politics, Residential / By

Published by REALTOR.com | June 21, 2024 Much of this mass migration has to do with real estate prices, which have shot up astronomically in blue-state strongholds such as California and New York. America’s Republican-leaning red states are winning at drawing in new residents from blue states—but locals don’t like it one bit. The Republican …

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Pairing Tax Credits To Help Create Affordable Housing

Residential / By

Published by Forbes.com | June 18, 2024 Pairing low-income housing tax credits and historic tax credits could help generate a greater supply of affordable housing, particularly if younger buildings qualified as being historic In a report entitled “Affordable Housing and Historic Preservation,” the U.S. Department of Housing and Urban Development (HUD) and the Advisory Council …

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