As we close out summer and welcome fall, here's a message from our Executive Director, Matt Fowler, addressing the important issue of housing affordability in the Triangle region. "According to the latest release, the Triangle MLS Affordability Index paints an exciting regional picture. Looking through the lens of affordability, the essential nature of the communities comes out. Across the region, the index is 70, an all-time low. But this area is a quilt, a patchwork, a place that is comprised of small and large communities. Unpacking the data, Chatham County is 44, 20% less affordable than last August. Hillsborough is a low 54. You have to 'drive until you qualify' to places like Johnston County at 76 or north to Granville, Franklin, Nash, etc., where the index is the highest in the region at 91—looking to help someone qualify for their first home? You might be in for a drive." Keep an eye out for future updates on the Triangle housing market. #housingaffordability #housing #realestate
Triangle MLS’ Post
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Did you know that just over a tenth of Connecticut homes were built in the 21st century? This ranks third lowest in the country ahead of only New York and Rhode Island. Connecticut needs to build more homes! Learn more: https://bit.ly/3WxvfpO #HereForHousing #HousingCreation #AffordableHousingCT #AffordableHousingSolutions
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MarketNsight is leading the call for change! In our recent feature on CityBiz, John Hunt highlights the urgent need for zoning reform and new housing solutions to address the housing affordability crisis. With a staggering shortage of 45,000 units annually and soaring home prices, the need for smaller, more affordable homes is clear. "We are witnessing an all-out war on housing affordability," says Hunt. It's time for action. Read our full insights and join the conversation on how zoning changes can unlock the door to homeownership for many: https://brnw.ch/21wGcs1 #MarketNsight #ZoningReform #HousingCrisis #AffordableHousing
MarketNsight Calls for Zoning Reform and New Housing Solutions
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🏠 The demand for affordable housing in South Florida is at a crisis level, with nearly 20,000 applicants vying for 113 units in Hollywood. As a Realtor, this situation raises crucial questions about the state of housing accessibility and affordability in our communities. 🔍 The statistics reveal a stark reality: 62% of Broward renters are cost burdened, with over half their income going towards rent. This highlights the pressing need for more affordable housing options to alleviate financial strain on residents. 💡 Affordable housing developments like Pinnacle 441 offer hope, providing units priced between $1,100 and $1,400, aiming to address the affordability gap in the market. 🌟 Let's reflect on how we can work together to create more inclusive housing solutions and support initiatives that prioritize affordability and accessibility for all. The overwhelming response to Pinnacle 441 underscores the urgency of this issue. #AffordableHousing #RealEstate #SouthFlorida #CommunitySupport #HousingCrisis #InclusiveLiving
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🏡 Are you in favor of building more housing? 🏡 According to a recent survey, nearly 4 out of 5 respondents support policies that promote building more housing. However, when it comes to a new apartment complex being built in their own neighborhood, only one-third of the pro-building group has positive feelings about it. This raises an important question: Why are personal preferences and community opposition often at odds with the need for more housing? Here are some key takeaways from the survey: - Homeowners and renters both support policies that promote building more housing, but renters are slightly more in favor. - A significant percentage of homeowners and renters would feel negative or neutral about a new apartment complex in their neighborhood. - Both Democrats and Republicans support policies that promote building more housing, but only a minority from both parties would feel positive about a new apartment complex in their neighborhood. Building more housing is crucial to address the housing shortfall and make homes more affordable. But how can we bridge the gap between the theoretical support for new housing and the resistance to it in our own communities? As a top Realtor, I believe it's essential to have open and constructive conversations about the benefits of building more housing. Here are a few ideas to consider: 1️⃣ Educate: Share information about the housing shortage and the positive impact of building more housing on supply and affordability. 2️⃣ Address concerns: Understand and address the concerns of community members, such as noise or changes in neighborhood character. 3️⃣ Collaboration: Encourage collaboration between developers, local governments, and community members to find solutions that meet everyone's needs. Let's work together to find common ground and create housing opportunities for all. Together, we can make a difference! 🤝 #HousingShortage #AffordableHousing #CommunityDevelopment #BuildingMoreHomes #RealtorLife #RealEstateIndustry
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28,000 housings units PER YEAR!!! Speaking frankly, we need state leaders to courageously make bold and aggressive moves on housing! Loud NIMBY voices can no longer be listened to. Cities must be compelled to allow the market to build what is needed... zoning erased and replaced by unified form based code. Status quo is not sustainable or acceptable... “When you run that model and build those houses according to our general plan maps, Salt Lake County, within that model’s assumptions, begins to approach its capacity for homes in 2042, and Davis County begins to approach its capacity in 2048,” ... the main reason this happens is because there’s a “lack of land-efficient housing options,” or “missing middle housing — things like townhomes, duplexes, triplexes … (homes) that are built on less land.” #utah #housing #housingcrisis #housingdevelopment #housingforall
Lawmakers eye housing audit that says Utah needs 28K new homes a year to keep up with growth
heraldextra.com
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Over the past several weeks, Minneapolis has garnered its fair share of media attention for the progress made in stemming housing inflation, thanks to the city’s pro-housing 2040 Comprehensive Plan. All of that is now on hold as the city has less than two months to revert back to the 2030 Comp Plan. Our executive director Nick Erickson outlines how this decision is another addition to the growing list of examples illustrating how entrenched policies can easily obstruct the creation of new housing. #housing #housingpolicy #housingaffordability https://lnkd.in/gEYHuTby
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Executive Director, Housing Affordability Institute | Sr. Director of Housing Policy, Housing First Minnesota
“The untimely demise of the Minneapolis 2040 Plan is not just a cautionary tale; it's another addition to the growing list of examples illustrating how entrenched policies can easily obstruct the creation of new housing. Opponents of new housing, particularly non-luxury and attainably-priced development, will utilize any available means to obstruct such projects.” My latest for Housing Affordability Institute. #housingpolicy #housing #housingcrisis
Over the past several weeks, Minneapolis has garnered its fair share of media attention for the progress made in stemming housing inflation, thanks to the city’s pro-housing 2040 Comprehensive Plan. All of that is now on hold as the city has less than two months to revert back to the 2030 Comp Plan. Our executive director Nick Erickson outlines how this decision is another addition to the growing list of examples illustrating how entrenched policies can easily obstruct the creation of new housing. #housing #housingpolicy #housingaffordability https://lnkd.in/gEYHuTby
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Most Respondents Support More Homebuilding, But Many Don’t Want a Complex in Their Neighborhood - Redfin 🏘️ 78% Support More Housing 🏘️ A recent survey shows strong support for policies promoting more housing. But when it comes to apartment complexes in their neighborhood, feelings are mixed—only 32% positive, 20% negative, and 48% neutral. https://lnkd.in/gz5xSKhv #HousingSurvey #Homebuilding #CommunityViews 📊🏡
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Location, location, location! Such a true issue in housing prices. I'm happy to live in Livingston County and see my own home values increasing so much! Other communities are seeing the same thing happen, but not at this rate! #realestate #realestatetrends #RealEstateAdvice #realtorcop #housinginventory
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We all know the Central Virginia housing market is a hot one 🔥 Just how hot? Check it out below ⬇️ ⬇️ While Goochland County takes the lead in median sale price at $615,00, it's important to also mention that the highest average housing price growth rate goes to Henrico County (+15.9%) and Richmond City (+13.9%). Does any of this data surprise you? #RVARealEstate #HousingMarketTrends #RealEstate #SafeHarborTitle
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