Remove 2040 Remove Construction Remove Mortgage
article thumbnail

How Have Recent Immigration Increases Impacted U.S. Housing Costs?

Appraisal Buzz

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.

article thumbnail

How the housing industry is preparing for the age of AI

Housing Wire

Holden spoke on the topic of leveraging data science and alternative data to increase access to homeownership at Mortgage Bankers Association ’s (MBA’s) Technology Solutions Conference & Expo at San Jose, California on Monday. Rocket Companies is focused on using technology to tap into a potential customer base.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Housing Hurdles for Older Homeowners 

Appraisal Buzz

By 2040, the number of households headed by individuals aged 80 and over is expected to double, making it imperative that the U.S. When anticipating the need to relocate, 71% of adults in that demographic mentioned rent or mortgage costs as a major concern. Only 36.5% million older people spent more than 30% of their income on housing.

article thumbnail

Washington ADU Laws Aim to Open New Doors to Housing

Will Springer Realtor

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.

Law 67