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Opinion: More financing options for ADUs are needed

Housing Wire

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 436
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Foreclosures are rising, but it’s not yet alarming

Housing Wire

The impact of tax and insurance liabilities There are some growing concerns stemming from inflation and the rising costs of property taxes and insurance premiums, which may be problematic for some households, particularly older Americans with fixed incomes. With home values across the U.S. With home values across the U.S.

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Build-for-rent is a bet on the ‘new normal’ housing market

Housing Wire

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co.

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A look at Knoxville’s hot housing market

Housing Wire

The Federal Housing Finance Agency price index ranked Knoxville’s housing market seventh in the nation in home price appreciation, behind only Boise City, Idaho , the Tacoma-Lakewood metro in Washington, Phoenix , Wichita, Kansas, and Colorado Springs. “We’re still getting a ton of all-cash offers, too,” Grebe said.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

When including the approximately 900,000 single family homes constructed by new homebuilders during the year, according to data from the Census and U.S. Department of Housing and Urban Development ( HUD ) , that 200,000 represented close to 20% of all single-family homes supplied to the market in 2019. In 2019 the number was 200,000.

Inventory 371
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Does Adding an In-Law Suite Pay Off?

Empire Appraisal Group

Constructing an ADU could increase your property value while providing rental income or extra living space for a family member. cities either do not allow ADUs or have strict regulations that inhibit their development, says Kol Peterson, an ADU consultant and the author of “Backdoor Revolution: The Definitive Guide to ADU Development.”

Law 78
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The Pros and Cons of Buying a New Home vs. a Resale Home

Eppraisal

That question centers around whether they prefer new construction to a pre-existing house that has had previous occupants. Advantages and Disadvantages of New Construction According to Realtor.com, one-third of all homes on the market are new, i.e. recently built with no previous inhabitants.