Urban Homeworks’ Post

This fascinating Planet Money from NPR podcast episode is all about our home market - Minneapolis, MN. "How to Fix a Housing Shortage" addresses the housing crisis impacting cities like Minneapolis and others nationwide. The shortage stems from a mismatch between supply and demand, restrictive zoning laws, and political challenges. Key policy reforms suggested include: - 𝗥𝗲𝗹𝗮𝘅𝗶𝗻𝗴 𝘇𝗼𝗻𝗶𝗻𝗴 𝗹𝗮𝘄𝘀 to allow multi-family units in single-family zones. - 𝗨𝗽𝘇𝗼𝗻𝗶𝗻𝗴 to enable higher-density housing. - 𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗶𝗻𝗴 𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀 to speed up development. - 𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗺𝗼𝗱𝘂𝗹𝗮𝗿 𝗰𝗼𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 to cut costs and build faster. - 𝗧𝗮𝘅 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 for affordable housing developers. A significant reform in Minnesota, the Omnibus Housing Bill signed by Governor (and Vice President hopeful) Tim Walz, limits legal challenges to housing plans like Minneapolis' 2040 Plan. This law is part of a trend where states intervene to address housing shortages more effectively than local governments can. Listen to the podcast here: https://buff.ly/3ZjLQ2e #CarpathianCapital #MinnesotaHousing #HousingCrisis

The Housing Market by Frederick Saide In this conversation, Joe Peters, a residential real estate agent joins Fred Saide. He discusses various aspects of the housing market. He shares his transition from a technology career to real estate and highlights his unique approach that incorporates artificial intelligence. Peters also delves into the challenges of affordability in the housing market and the […] #boomers #babyboomers

To solve the housing emergency, the answer is simple: build more homes! 🏘️ We've been facing a shortfall since 2008, and it's time to catch up with demand. 🏡 #housingcrisis #buildmorehomes #housingmarket #ScottishPropertyPodcast #propertyinvestment #housingemergency #realestatedevelopment #propertyshortage #affordablehousing #propertysolutions

It was great to have Boston Pads CEO, Demetrios Salpoglou, on Episode 11 of SPOA Housing Policy Series, which is called "Renting Your Empty Apartment After September." The conversation highlights the financial troubles faced by rental property owners who have empty apartments after the September 1st market. Despite some exceptions, filling those vacancies becomes more difficult during the off-season. Demetrios provides recommendations to get vacant apartments rented in the off-season by using a variety of strategies, such as improving the units, adjusting prices and leasing methods, using technology to analyze micro-neighborhoods, and knowing where to find help. The influence of housing policy reform in helping owners provide more rental units and affordable housing options is also addressed. You can find the video by accessing the link below. https://lnkd.in/eEZ3pVJz Kristian Kotov Kent Fitzpatrick, AIFA, GFS Donna Cohen Joanna Allison Demetrios Salpoglou Anthony Tse Kimberly Donovan Kelly Catallo Greg Vasil Kate Franco Patricia Baumer Roger Valdez Melanie Tringali Melvin A Vieira Jr. Evan Griffith Marita Palavicini Jason Pan Ralph Jaeger Jay Ash Wildia Capre, MBA, CPA Jordana Roubicek Greenman Brian Butler Christina Dorobek Mark Tashjian Ryan Kath Shira Stoll Kate Lipper-Garabedian Nicholas Sarwark Valerie Sarwark Cris Crawford Tara DeSisto Daniel Fishman Chris Gallo Boston Pads Groma Greater Boston Real Estate Board Massachusetts Association of REALTORS® #affordablehousing #massachusettsrealestate #bostonrealestate #vacantapartments #morehousing

I am a huge fan of everything George Clarke does and I am especially enjoying his Remarkable Renovations series on Channel4. His opening introduction is about how planning has got easier to convert buildings previously used for retail or commercial use into residential homes. However, in the episode about an old railway shed that had been in the owner's family for years, planning took four years with much of it being a debate about whether it would have 3 or 4 bedrooms. In that time period, a whole housing estate had been approved and construction started on the land surrounding the goods shed. The positive impact the planners had was undeniable - they were insistent on certain modifications to preserve and highlight the history of the building. However debating such a small detail about bedrooms (the family had three growing children and wanted to ensure they each had a room so they could live there long-term) undermined the value of the planners. In the same week I listened to The News Agents about Britain's hidden homeless children which is about the lack of suitable family homes, this level of scrutiny from planners seems unnecessarily heavy-handed and slowing down progress in a time where we desperately need housing. On our podcast, Daniel Smith, Deenie Lee and I spend a lot of time discussing whether or not there are or aren't more shared living developments coming through planning and whether there is a lack of innovation because it is so hard already, developers don't want to hold things up anymore by creating new ideas. I urge you to watch the episode as the final result is wonderful but also listen to The News Agents and keep the two issues in perspective. #realestate #housingcrisis #planning

Fantastic insights from our CEO, Demetrios Salpoglou, on Episode 11 of the SPOA Housing Policy Series: ‘Renting Your Empty Apartment After September.’ The episode dives into the strategies rental property owners can use to fill vacancies during the off-season, including technology-driven solutions, pricing adjustments, and unit improvements. At Boston Pads, we’ve seen how these innovative approaches help owners maintain occupancy even when the market slows down. If you’re looking to maximize your rental potential and navigate off-season challenges, this is a must-watch! Check out the episode here: #RealEstate #PropertyManagement #BostonPads #VacantApartments #HousingSolutions #MassachusettsRealEstate

Have you ever been so upset about a change in your neighborhood that you tried to tear down a house? That's exactly what one community did after the construction of a house that was much larger than its neighbors. We know that change can be off-putting, but it can be a good thing, too. Large houses offer important flexibility in housing options, like multigenerational or multifamily living. So before picking up the pitchforks, consider what benefits your neighborhood's change could bring. Get the whole story: https://hubs.ly/Q02CJ7kc0

Pad Splitting: The new real estate trend turning single-family homes into multi-unit rentals. Is this a solution to the affordable housing crisis or a threat to community integrity? Investors are seeing profits, but what about the long-term impact on neighborhoods? Share your insights. #PadSplit #RealEstate #AffordableHousing #CommunityImpact

We hear the phrase "affordable housing" in nearly every business conversation around the region. For tens of thousands of families in the Pikes Peak Region, it is a painful reality. Housing costs continue to rise, out-pacing the income levels of a significant number of the workforce. So, what does it mean? What causes it? Who does it effect? Are there real world solutions? Pikes Peak Housing Network (PPHN) Executive Director, Jill Gaebler explains what it means, who it impacts, and the strain this dynamic has on individual families and employers in the region. She also explains how the PPHN is proactively addressing the matter to create well planned, more affordable solutions for the production of multi-family housing (apartments, townhomes, duplexes, etc.), accessibility and creating closer proximity to employers, and how they are working to create effectual policy that helps to mitigate the adverse impact of supply chain issues and rising materials costs. LISTEN TODAY AT 3PM on AM1460/101.1FM - OR HERE ON SPOTIFY: https://lnkd.in/gjRtNfQT LINK TO PPHN: https://lnkd.in/ghZVVYmZ CO MEDIA GROUP: NORTH & THE SO CO BUSINESS DIGEST Salem Media Group KKTV 11 News

This week's episode of UCLA Housing Voice is with Nathaniel Baum-Snow from the University of Toronto - Rotman School of Management, and the topic is neighborhood-level housing supply elasticities. Or to put it in simpler terms: How much increasing demand in a neighborhood translates into higher prices vs. more homes. One interesting part of the study is how Nate and his coauthor, Lu Han, break down the different contributors to housing supply. Supply is influenced not just by unit production, but floor space, renovations and additions, and reduced demolitions. They find that the national housing stock grew by about 7-8% from 2000-2010, but floor space increased by 13-14%, and a meaningful share of floor space growth is through these non-production/development channels. They also find that supply elasticity is lowest close to central business districts, rises pretty quickly as you get into inner ring suburbs, then flattens out until you get to the exurbs, where it rises again. The lack of undeveloped land near CBDs helps explain the weaker supply response when demand increases — though there's no reason we couldn't solve this by making it easier to build infill housing. We just happen to be quite bad at it in the US, arguably because our zoning codes are so oriented toward the suburban growth model, even now. Another thing I appreciated about this conversation was Nate's explanation of *what* supply elasticities are. I found it much more intuitive than ones I've heard before: Think of it as a measure of how expensive it is to build new housing relative to the cost of existing homes. If you can buy a decent old home for $350,000 but it costs $500,000 to build a similar new home, well, of course very few people are going to build new homes until the price of those older homes rises. Light-bulb moment for me. https://lnkd.in/giDYbf4X