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Housing Hurdles for Older Homeowners 

Appraisal Buzz

Over 30% of the income of over 10 million senior tenants was spent on housing. Creative Housing Solutions: As demonstrated by Californias recent law relaxing local limitations, remove obstacles to the development of Accessory Dwelling Units (ADUs) to give older folks more flexible housing options. Only 36.5%

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Rural America is losing affordable housing at a crisis pace

Housing Wire

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. This USDA program, however, is in serious trouble.

Tenants 511
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Opinion: More financing options for ADUs are needed

Housing Wire

A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 501
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Biden unveils housing proposal that includes nationwide cap on rent increases

Housing Wire

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. In conjunction with Biden’s proposal, the Bureau of Land Management (BLM) announced it will open a public comment period on the sale of 38 acres of public land in Nevada for the purpose of affordable housing construction.

Landlords 488
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Rent Prices Surge: What Renters Need to Know

Appraisal Buzz

The construction of new rental units has not kept pace with the growing number of renters, leading to increased competition and higher prices. Additionally, renters should stay informed about their rights and protections under local and state laws. One of the primary drivers is the imbalance between supply and demand.

Law 434
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Opinion: How ADUs can alleviate the U.S. housing crisis

Housing Wire

Enter the Accessory Dwelling Unit, commonly known as an ADU, or more informally called an in-law suite, granny flat or backyard home. These structures can generate rental income to offset rising mortgage payments, and create more long-term rental supply, ultimately lowering the average rental cost for tenants.

Tenants 418
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The good news? The Fed doesn’t expect a recession. The bad news? Housing.

Housing Wire

million units last month , supply is mostly coming from multifamily rental construction. Many owners are attempting to pass along the increased financial burdens to tenants by increasing rental rates, provided that demand in a particular submarket supports higher rental rates,” Barry said. Powell also said more supply was coming.