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US Cities With The Largest Affordable Housing ShortagesThe affordable housing crisis rages on this summer. The White Hou...
09/18/2023

US Cities With The Largest Affordable Housing Shortages

The affordable housing crisis rages on this summer. The White House announced a plan to ease the burden of U.S. housing costs, amid growing inflation. According to the National Low Income Housing Coalition, on a national scale, “only 36 affordable and available rental homes exist for every 100 extremely low-income renter households.” What’s more, in certain metro areas, minimum-wage workers must work 80 or more hours per week and average-wage workers must work 50 or more hours per week to afford a humble, one-bedroom rental at fair market rent.

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The First Step to Solving the Housing Crisis Might Be Simpler Than You Think The First Step to Solving the Housing Crisi...
09/15/2023

The First Step to Solving the Housing Crisis Might Be Simpler Than You Think

The First Step to Solving the Housing Crisis Might Be Simpler Than You Think. America couldn’t conquer unemployment until there was an unemployment rate. So it’s time to start compiling a housing loss rate. Housing loss is caused by a wide range of factors, including evictions, foreclosures, eminent domain takings and natural disasters. These forced displacements are intensely traumatic, and lead to homelessness and housing instability, job loss, adverse health and educational impacts, and downward economic mobility.

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Is the housing market about to crash? What the experts are saying:But a strange thing happened on the way to the housing...
09/14/2023

Is the housing market about to crash? What the experts are saying:

But a strange thing happened on the way to the housing crash: Home values started rising again. In fact, housing prices have increased for five months in a row, according to the latest Case-Shiller home price index. In another reflection of ongoing price increases, the National Association of Realtors (NAR) says more than half of U.S. metro areas registered home price gains in the second quarter of 2023.

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The impact of today's higher interest rates on the housing marketAs homebuyers adjust to a higher mortgage rate environm...
09/13/2023

The impact of today's higher interest rates on the housing market

As homebuyers adjust to a higher mortgage rate environment, the U.S. housing market still appears to be in transition. Home affordability has emerged as a major issue due to low inventory and increased borrowing costs. Although average home prices nationwide are off their peak, prices have recovered in recent months.

https://bit.ly/44CsX9A

America's housing shortage is keeping home prices highAmerica’s housing shortage is keeping home prices high. There aren...
09/12/2023

America's housing shortage is keeping home prices high
America’s housing shortage is keeping home prices high. There aren’t enough homes in the U.S. That’s one big reason house prices have barely fallen since the Fed’s rate hikes sent mortgage costs soaring.Why it matters: Except for the very wealthy who can afford to buy whatever they want, the housing shortage touches almost every aspect of Americans’ lives and livelihoods and hits the overall economy, too.

https://bit.ly/3EnzhqM

Housing Breaks People's BrainsThe most basic fact about the housing crisis is the supply shortage. Yet many people deny ...
09/11/2023

Housing Breaks People's Brains

The most basic fact about the housing crisis is the supply shortage. Yet many people deny this reality. Before I get to the veritable library of studies, our personal experiences compel us to recognize that housing scarcity is all around us. The most dire signs of a shortage are when even rich people struggle to find homes. Supply skepticism and shortage denialism are pushing against the actual solution to the housing crisis: building enough homes.

https://bit.ly/3Eqiza9

Accessory Dwelling Unit Incentives Program launches in Santa Cruz CountyAdding a new Accessory Dwelling Unit Incentives ...
09/08/2023

Accessory Dwelling Unit Incentives Program launches in Santa Cruz County

Adding a new Accessory Dwelling Unit Incentives Program will make building an Accessory Dwelling Unit (ADU) or a Junior ADU (JADU) on one’s property easier. The support will include “project feasibility, project management, cost estimating, and contractor selection guidance through nonprofit Hello Housing to help participants navigate the process of designing, constructing, and renting an ADU or a JADU,” said the county.

https://bit.ly/3sxeqyw

How Much Does It Cost To Build an ADU?The cost breakdown of building an ADU includes factors such as size, type, design ...
09/07/2023

How Much Does It Cost To Build an ADU?

The cost breakdown of building an ADU includes factors such as size, type, design costs, materials, foundation, framing, finishing, systems, labor, and permits. Building an ADU can be a wise financial decision that offers numerous benefits. As real estate developers continue to recognize the profit potential of ADUs, they are becoming more mainstream in many areas.

https://bit.ly/3Z7pBtZ

Five Reasons You Should Build an ADU On Your PropertyThe first step is to determine if your lot can support an ADU. Loca...
09/06/2023

Five Reasons You Should Build an ADU On Your Property

The first step is to determine if your lot can support an ADU. Local zoning and building codes may have restrictions on the size, height, and location of ADU’s on your specific property. If you would like to learn if your lot can support an ADU, feel free to reach out to us.

https://bit.ly/3ZaiaT7

Does an ADU Increase Property Value in California?Designing and building an Accessory Dwelling Unit is a large, complex ...
09/05/2023

Does an ADU Increase Property Value in California?

Designing and building an Accessory Dwelling Unit is a large, complex investment. You need someone who knows the ADU laws and has expertise in designing and installing smaller structures. Another way your ADU can be a solid investment is by generating rental income. Whether you rent out your ADU or primary residence to short-term or long-term renters, you can quickly recoup your construction costs and build wealth through passive income.

https://bit.ly/3qYXhNI

What is an ADU? Another Trend or the Future of Housing?An accessory dwelling unit is an additional housing unit that is ...
09/04/2023

What is an ADU? Another Trend or the Future of Housing?

An accessory dwelling unit is an additional housing unit that is built on a lot that already has one home. As the name suggests, an ADU is smaller than the existing home, ranging anywhere from 500 to 1,000 SF. Similar to a standard home, an ADU has all of the spaces and amenities needed for a tenant to live comfortably, including a kitchen, bathroom, living/sleeping spaces, and a completely separate entrance from the main unit, allowing for privacy.

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