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Additionally, Federal Reserve rate cuts resulted in historically low 30-year mortgage rates, dipping below 3.5% 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. As the U.S.
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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.
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