Can Tiny Homes Help Combat Affordability Issues?

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Affordability Home Prices inventory shortages Redfin tiny homes 2018-04-27 David Wharton Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Can Tiny Homes Help Combat Affordability Issues? Tagged with: Affordability Home Prices inventory shortages Redfin tiny homes Previous: This Factor Is Keeping Many Homeowners From Moving Next: Sam Khater Joins Freddie Mac as Chief Economist in Daily Dose, Featured, Journal, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Sign up for DS News Daily center_img David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Related Articles About Author: David Wharton The Best Markets For Residential Property Investors 2 days ago With home prices and demand continuing to soar and housing inventory running short in many markets, homebuyers might have to start reconsidering what they’re looking for from a home. One trend that’s been the subject of much coverage is the so-called “tiny homes” phenomenon—bite-sized domiciles that cater to those looking for cheaper options and a simpler approach to daily living. But can these tiny homes really serve as a viable option for homebuyers looking to find more affordable alternatives? Redfin’s new report breaking down the top 10 most popular tiny homes on the market might provide some clues.To find the top 10 tiny homes on the market, Redfin looked at “actively listed single-family homes under 600 square feet in more than 80 markets” and used the number of “favorites” from Redfin users to gauge each home’s popularity among home shoppers. The most popular tiny home currently on the market, according to Redfin, is a quaint, 580 square-foot home in Seattle, Washington. Listed for $309,950, the home certainly isn’t cheap, but it is less than half of the Seattle median home price of $772,729 (according to Zillow data).The top three tiny homes are all in Washington, actually. Number two on the list is a 400 square-foot residence in Monroe, Washington (median home price $424,885), and it’s listed for just shy of $300k. The third-most-popular entry is 440 square feet, listed for $229,000, and located in Gold Bar, Washington (median home price $291,744).With the exception of number six (also in Washington state), the rest of Redfin’s top 10 list is located in California. It’s not surprising that some Californian home shoppers might consider going the tiny homes route—home prices in many California markets have traditionally been high, and the state as a whole is facing severe housing shortages. But how do these pint-sized California homes compare to their Washington counterparts in terms of affordability?The top California tiny home on the list is in the midst of one of the hottest markets in the country, Los Angeles. At 470 square feet and $465,000, this L.A. home is almost $200k cheaper than the $674,140 median home price for L.A.For those willing to sacrifice space to save money, tiny homes do look to be a viable option for homebuyers who can find one to their liking. Riverside, California, is apparently something of a tiny home mecca, with 153 of them currently listed, well ahead of Phoenix’s 99, New York’s 86, L.A.’s 70, and Tampa’s 55.Of course, smallness doesn’t guarantee affordability. Redfin reports that the most expensive tiny home on the market is a 600-square-foot home in Santa Cruz, California, that’s going for $1.25 million—or more than two grand per square foot. (The median home value in Santa Cruz is $913,912.) The Best Markets For Residential Property Investors 2 days ago  Print This Post Can Tiny Homes Help Combat Affordability Issues? Demand Propels Home Prices Upward 2 days ago April 27, 2018 2,613 Views Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

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Record-breaking City march on, Everton’s woes continue

first_imgBy Tom HaywardLONDON (Reuters) – Manchester City restored an eight-point lead at the top of the Premier League with a 2-1 come-from-behind win at Huddersfield Town, while Everton’s season went from bad to worse following a toothless 4-1 defeat at Southampton on Sunday.Huddersfield appeared on course to earne an impressive point against City but Raheem Sterling bundled home a fortunate 84th-minute winner for the visitors after Sergio Aguero had earlier converted a penalty to cancel out Nicolas Otamendi’s own goal.With a 12th victory in 13 games, Pep Guardiola’s City have made the best ever start to a Premier League season and lead second-placed rivals Manchester United by eight points.Southampton’s Charlie Austin scored twice as they coasted to victory over managerless Everton, while Arsenal’s Alexis Sanchez scored a 92nd-minute winner as they climbed into the top four with a 1-0 victory at stubborn Burnley.City did not sweep aside Huddersfield as many expected, but the manner of their post-match celebrations illustrated how important victory was on a winter’s evening in Yorkshire.They may have had many more eye-catching performances this season, but Sunday’s victory was typical of title-winning sides.A rapidly-maturing Sterling, who has scored 12 times in 18 games this season in all competitions, won the penalty that led to Aguero’s equaliser and was in the right place at the right time late on to score after Gabriel Jesus was denied.“Today was a game that epitomised the Premier League – winter is here, it’s colder, it’s harder to move the ball, they defended well,” said City captain Vincent Kompany after his side reached 37 points from a possible 39.“I feel the team deserved the win, we kept at it, even being 1-0 down we believed.”United are second on 29 points after a 1-0 win over Brighton & Hove Albion on Saturday followed by Chelsea (26), who drew 1-1 at Liverpool (23), Arsenal (25) and Tottenham Hotspur (24).EVERTON WOES Everton have scored just 13 league goals since the departure of striker Romelu Lukaku to Manchester United in the close season, while the 28 they have conceded is the most of any side in the top flight this term.On the south coast, Dusan Tadic gave Southampton a deserved lead with a neat finish in the 18th minute before Everton equalised when Gylfi Sigurdsson’s long-range effort went in despite hitting the crossbar twice and the post once.Austin restored the home side’s lead with a close-range header in the 52nd minute before adding a near carbon-copy second to double the advantage six minutes later.Steven Davies added a fourth with a superb effort late on as Everton’s despondent players capitulated after the break.The Toffees, who sit two points above the relegation zone with 12 points, have now won only once under caretaker manager David Unsworth.”I take responsibility, but we all have to as well,“ said former Everton defender Unsworth. ”We’re in a tough place and things have to change quickly.”Confidence is as low as it has ever been. The club has to decide (on a new manager) and the sooner that happens the better. The players need this resolving.“What I see is a happy squad but I’d rather have an unhappy squad that’s winning. I want what’s best for the club and I hope the players do too.”NERVELESS PENALTY After top-four contenders Tottenham Hotspur and Liverpool failed to win on Saturday, Arsenal capitalised but were indebted to Sanchez’s nerveless late penalty against Burnley.Arsenal have now won three successive games against the Lancashire club with goals on or after the 90th minute.”In the first half we didn’t find our game, they stopped us from playing very well,“ said Arsenal manager Arsene Wenger. In the second half it was a question of the final ball and patience, not making a mistake at the back,”Asked about the late penalty decision, the Frenchman said: ”From outside it looked 100 percent (a penalty).And regarding the battle for Champions League qualifying places, he added: “It’s early, (the top four) changes from one week to another. We wanted to win away from home and we did it. Let’s focus on the next one.”last_img read more

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