Posts Categorized: Affordable Housing

How To Make Expensive Cities Affordable For Everyone Again

Last week, we wrote about a new report from the California Legislative Analyst’s Office that found that poorer neighborhoods that have added more market-rate housing in the Bay Area since 2000 have been less likely to experience displacement. The idea is counterintuitive but consistent with what many economists theorize: Build more housing, and the cost… Read more »

Could This 3D-Printed Home Be The Revolution For Off-Grid Living?

Buildings, transport and manufacturing consume the most energy in our day-to-day lives; but with ever-rising demand and cost, what would it look like if we reimagined these systems? The Additive Manufacturing Integrated Energy (AIME) demonstration project is one possible strategy to create a balance between urbanization, resulting in humanity’s growing need for energy, and humanity…. Read more »

Seattle Housing Shortage Worst in a Decade

King County is experiencing the worst shortage of homes for sale in more than a decade, driving prices higher and keeping more would-be buyers in apartments. The median price of single-family homes sold last month in King County was $499,950, a 13.6 percent increase over the past 12 months, the Northwest Multiple Listing Service reported… Read more »

The Housing Crisis: The Civil Rights Issue of Our Time

West Hollywood is one of the best-known small cities in America. It’s known for a diverse array of reasons — its rock n’ roll history on the Sunset Strip, its Russian population, and, of course, as a gay mecca. Since the city’s incorporation in 1984, West Hollywood (or “WeHo” as it is affectionately called) has… Read more »

Watch the Spread of Million-Dollar Homes Consume San Francisco

Nearly two-thirds of the homes in the city of San Francisco today are worth more than a million dollars, according to the real estate site Trulia that tracks home values. That dizzying number speaks to the city’s affordable housing crisis — a crisis that has officials fretting about housing even for families making $140,000 a… Read more »

Cold Weather Incoming!

  We’ve had a brief spell of cold weather lately in Seattle, signaling that a climate   change is imminent. We know people like to get everything done before it gets too cold outside, so if you’re putting something off make sure to get to it! Wash your car, clean the gutters, clear out your garage, put… Read more »

Seattle Developers Say Condos Have Too Much Liability, Need to be More Expensive

Builders are opting for apartments over condos, experts say, because they don’t face the liability of being sued under the state’s condominium act. Some condo builders still bear fresh memories of multimillion-dollar settlements with homeowner associations. “You’re finding developers saying, ‘Why take the risk of building a condo?’\0x2009” said Matthew Gardner, chief economist at Windermere… Read more »

A Surprising Culprit in San Francisco’s Real Estate Crisis

The awkward, criss-crossing intersections around Market Street and Van Ness Avenue will soon pop with some of the most change in the city. Nearly every property zoned to rise at least 120 feet tall under 2009’s Market-Octavia Plan has been snatched up, and the city’s newest spate of towers is in the works. Carpet stores,… Read more »

New San Diego Affordable Senior Housing Project Will Be LGBT Affirming

San Diego nonprofit Community HousingWorks (CHW), presents its Arizona Street Development to the San Diego Planning Commission Thursday, Dec. 18. The proposed development features a 76-home senior apartment building on the northwest corner of Texas Street and Howard Avenue and a 118-home multifamily building on the northeast corner. The proposal has already generated significant support… Read more »

New Gay Friendly Affordable Senior Housing Development Opened in Chicago

Center on Halsted and Heartland Housing officially opened Town Hall Apartments, the Midwest’s first LGBT-friendly affordable senior housing development, during a ribbon-cutting on Friday. “When Tom [Tunney] came to see me and I first got elected, I said ‘what’s our No. 1 goal?’ He said this building,” said Chicago Mayor Rahm Emanuel, who spoke at… Read more »

About That FHA Prepayment Penalty

News that FHA will eliminate a prepayment penalty starting next year has been widely reported. It’s a move NAR has been seeking for some time because it will relieve borrowers of a financial hit that’s entirely out of their control and also bring the agency’s policies in line with other federal agencies that backstop mortgages. Perhaps most importantly, it… Read more »

Fannie Mae Relaxes Waiting Period for Distressed Borrowers

Fannie Mae recently released a report revising the waiting periods for distressed borrowers with a derogatory credit event such as a foreclosure, bankruptcy, short sale, or deed-in-lieu of foreclosure on their credit history to obtain a new loan. For borrowers with a short sale or deed-in-lieu of foreclosure on their record, Fannie Mae’s new mandated minimum waiting period… Read more »

Four Reasons to Consider Buying Real Estate Today

Here are four great reasons to consider buying real estate today, instead of waiting. 1. PRICES WILL CONTINUE TO RISE The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 30.8%… Read more »

Is the US Real Estate Market Stalling?

After picking up momentum over the last couple of years, there are some signs that the US housing market may be slowing. The Washington Post reports: The third installment of Freddie’s “Multi-Indicator Market Index” (or MiMi), which sizes up homebuying activity and other factors, found that only 10 states and the District of Columbia fall… Read more »

Vacation Home Property Sales Surges

  The American desire to own a second home as a vacation home is alive and well! The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investment and Vacation Home Buyers Survey shows vacation home sales improved substantially in 2013. NAR Chief… Read more »

Homeownership’s Impact on net Worth

Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question. Some of the findings revealed in… Read more »

A Home’s Cost vs Price Explained

  We have often talked about the difference between COSTand PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned about price but instead about the ‘long term… Read more »