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MA lawmakers debate rent control as agents push for new construction

Housing Wire

While state lawmakers are currently debating rent control legislation as one potential answer to the issue, the Massachusetts Association of Realtors (MAR) is advocating to increase housing construction instead, according to reporting by the Massachusetts’ State House News Service. Last month, Washington state Gov.

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Sun Belt cities lead the way for new home sales

Housing Wire

A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. While many metro areas currently offer an advantage where you can purchase a new construction home for a similar price or even less than the average area home, there is still a 23.8%

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Biden makes case for housing proposals in Las Vegas speech

Housing Wire

For example, here in Clark County, nearly 1,000 brand-new affordable units for seniors are under construction today as a result — 8,000 homes total for families, seniors and veterans. […] But we have a lot more to do.” I’m calling on Realtors to follow through on lower commissions to protect homebuyers.” A record 1.7

Realtors 402
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Financing proves an obstacle for ADUs

Housing Wire

Specifically, there is a high cost in constructing accessory dwelling units – or ADUs – which are secondary residences on a land parcel zoned for single-family housing. housing shortage that the National Association of Realtors pegged at 5.5 and Salt Lake City have each passed laws in the past two years legalizing ADUs.

Finance 372
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Does Adding an In-Law Suite Pay Off?

Empire Appraisal Group

Does Adding an In-Law Suite Pay Off? Source: Does Adding an In-Law Suite Pay Off? Florida Realtors. NEW YORK – Accessory dwelling units are known by many names: in-law suites, guest houses, backyard cottages, or basement or garage conversions, among others. The post Does Adding an In-Law Suite Pay Off?

Law 78
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Opinion: Why agents are more essential than ever

Housing Wire

The median price for an existing single-family home was $410,200 in June 2023, according to the National Association of Realtors (NAR). In places like California, laws allow owners to evict tenants for personal occupancy or to sell units as condos. Affordability is a real issue in the United States.

Agents 398
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What Biden’s infrastructure plan does for housing

Housing Wire

Specifically, the plan calls for the construction and rehabilitation of over 500,000 homes in low- and middle-income areas. Biden is also calling on Congress to eliminate exclusionary zoning laws, which he says inflates housing and construction costs – an issue that has crippled homebuilders across the country for more than a year.