Appraisal Buzz
DECEMBER 5, 2024
While immigrants add to housing demand, they also play a crucial role in expanding housing supply due to their significant presence in the construction industry. In 2023, immigrants made up 34% of workers in construction trades, a notable figure compared to their 18% share of the overall workforce. As the U.S.
Housing Wire
APRIL 4, 2023
By 2040, 70% of new homeowners will be Latino but many could be denied a mortgage because of their high debt-to-income levels. “If Rocket Companies is focused on using technology to tap into a potential customer base. Brian Stucky, lead for Rocket Ethical AI at Rocket Central , noted the rapidly growing Hispanic homeownership rate.
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Appraisal Buzz
DECEMBER 11, 2024
By 2040, the number of households headed by individuals aged 80 and over is expected to double, making it imperative that the U.S. Only 36.5% of eligible households received government housing aid in 2021, while 11.2 million older people spent more than 30% of their income on housing. address the issue of aging in place.
Will Springer Realtor
OCTOBER 3, 2023
Cities and counties are not required to authorize the construction of an ADU where development is currently restricted under rules related to the proximity of an on-site sewage system, critical environmental areas or other unsuitable physical characteristics of a property like where there are landslide risks.
Housing Wire
DECEMBER 20, 2024
Based on the states estimated population growth, nearly 60,000 more housing units are needed between 2020 and 2030, while nearly 90,000 units are needed between 2020 and 2040. This is based on an estimate that some 52,500 households will be added between 2020 and 2030, or roughly 74,400 between 2020 and 2040.
Housing Wire
MARCH 8, 2023
While the measure would not ban single-family construction in the state, if enacted, it could result in more neighborhoods not being exclusively comprised of single-family homes. Kathy Hochul is pushing the state’s government to override local zoning laws and mandate more housing to be constructed in the state’s suburban counties.
Appraisal Buzz
JUNE 24, 2024
The study found that whether in California, Texas, Florida, or New York, residents favor policies that would enable the construction of more housing. Minneapolis was once among the cities whose zoning policies prevented sufficient housing construction. Then rising housing costs prompted policymakers to rethink their zoning rules.
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