Patterson
REAL ESTATE
Terner Center report explores financial feasibility of small-scale complexes, 'missing middle housing'
In a recent report from the Terner Center for Housing Innovation at UC Berkeley, researchers studied the financial feasibility of building missing middle housing in California, including duplexes, fourplexes and Accessory Dwelling Units. Published June 21, the report titled “Making Missing Middle Pencil: The Math Behind Small-Scale Housing Development” concluded...
Not easy to afford a home: Ownership costs surge to 35% of average wage, highest since 2007
Homeownership expenses, including mortgage payments, property insurance and taxes, accounted for 35.1% of the average wage in the second quarter of this year, marking the highest share since 2007.
This housing fix could help build more homes. But firefighters are sounding the alarm.
The U.S. needs an additional 4.3 million apartment units in the next decade to match the growing demand for affordable housing, experts project. But housing development is often stymied by bureaucratic processes and regulations, like stringent land use restrictions and permitting requirements. “There are all these different rules that [governments]...
Some Californians Found Dream Homes Inland. But It Sure Is Hot There.
MOUNTAIN HOUSE, Calif. — When Farwa Ali and her family wanted to buy a bigger home, Mountain House, California, seemed to check all of their boxes. The fast-growing community, just 40 miles inland from where they were living in the San Francisco Bay Area, offered good schools, a diverse population and dozens of large houses for sale within their budget. It seemed to be a perfect match — at least until their first summer, when the scorching temperatures of California’s Central Valley set in.
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