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Brown makes spaces feel cozy and warm Brown decorations can bring a grounded and earthy feel to a room while providing a neutral backdrop for other colors and patterns, Pippa Blenkinsop writes. Darker shades help large spaces feel cozy, comforting and warm. Full Story: Homes & Gardens (7/7)
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Home office a must-have for today's buyers As remote work continues to be popular, homeowners and buyers now consider designated office space inside the home to be essential, says eXp Realty's John Broda. Other amenities, like in-home spas, expanded outdoor living areas, multiple kitchens and updated laundry rooms, have also grown in popularity. Full Story: Rockford Register Star (Ill.) (7/7)
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Technology & Innovations
Smart-home tech popular with younger generations With 47% of millennials owning one or more smart appliances, installing smart-home technology before listing a property can entice this demographic. People between the ages of 18 and 34 say they would pay more for smart housing, according to a realtor.com® survey. Full Story: Realty Biz News (7/6)
Fair & Equitable Housing
California lawmakers OK funding for affordable housing State legislators have approved a $23 million cash infusion for an affordable housing trust fund shared by the cities of Pasadena, Glendale and Burbank. Meanwhile, a state Senate bill was recently introduced to create the Los Angeles County Affordable Housing Solutions Agency. Full Story: Los Angeles Daily News (7/6)
New York public housing bill for ex-inmates is under review A bill that would help formerly incarcerated citizens gain access to public housing in New York is being reviewed by Gov. Kathy Hochul after the legislature passed it earlier this year. "This measure will prevent these individuals from facing homelessness as many of them do, and ensure there is one less hurdle for them to reenter society successfully," state Sen. Gustavo Rivera said. Full Story: Gotham Gazette (New York City) (7/6)
Legislation & Regulation
New York law eases hotel-to-housing conversions A new state law is making it simpler for nonprofits in New York to purchase distressed hotels and convert them to affordable multifamily apartment buildings. Developers had attributed the low conversion rate to difficulty gaining access to funding under the state's adaptive reuse program. Full Story: GlobeSt (free registration) (7/6)
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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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