The eco-friendly ADU: Housing's game changer? | Set your home office up for comfort and productivity | Types of listings that benefit most from aerial photos
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Types of listings that benefit most from aerial photos Drone photography helps properties like beachfront listings and homes with big yards shine by showcasing acreage, views, proximity to desirable areas and features such as pools and basketball courts. Vehicles and trash cans should be hidden away for drone photos, patio cushions should be set out if applicable, hot tubs should be open and pool cleaners should be taken out to achieve the best effect. Full Story: Fstoppers (7/5)
'Coastal Grandmother' style offers beachy sophistication This design aesthetic abandons more overt beachy themes for timeless sophistication, Chiana Dickson writes. It makes use of neutral color palettes, vintage and antique pieces, flowers and natural light to showcase properties. Full Story: Homes & Gardens (7/5)
Data: US homeownership rate down to 65.4% Homeownership in the U.S. fell to 65.4% in the first quarter from a recent high of nearly 68% as mortgage rates rise and a previously hot housing market cools, according to data from Mizuho. The drop comes after a surge in suburban home buying during the early months of the pandemic and an increase in the number of institutional landlords buying up single-family homes to convert to rentals over the past decade. Full Story: MarketWatch (tiered subscription model) (7/5)
Technology & Innovations
AI tool hands out fire-risk assessment scores A tool called Zesty.ai assesses a property's wildfire risk and assigns a score based on its age, roof type, materials, nearby vegetation and the slope of the surrounding land. The company intends to add functions that will measure risks from other natural disasters, including flooding and hurricanes. Full Story: Forbes (tiered subscription model) (7/5)
Fair & Equitable Housing
Pittsburgh seeks more funding for affordable housing Pittsburgh officials are expected to present a plan to the City Council to earmark $2.1 million from the pandemic-era American Rescue Plan Act funds for a new affordable housing project. The Downtown Conversion Program already has $3 million for the project, which would convert historic office buildings into residences. Full Story: Pittsburgh Magazine (7/5)
Legislation & Regulation
Opinion: Seattle housing tax means fewer townhomes Seattle's Mandatory Housing Affordability measure, which imposes fees on new housing that doesn't include rent restricted units, is stifling townhome development, according to critics like the Master Builders Association of King and Snohomish Counties. Townhome permit intake has fallen nearly 70% since the policy was enacted. Full Story: Forbes (tiered subscription model) (7/5)
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The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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