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Colorado’s Affordable Housing Plan: Challenges and Opportunities

The COVID-19 pandemic has greatly impacted Colorado’s affordable housing market. With prices going up and wages going down, demand for inexpensive housing units has grown. At the same time, global supply chain disruptions and rising labor costs have hurt supply. These factors have fueled a raging crisis that is troubling many individuals. Now though, there are signs of relief on the horizon with state legislators working on a viable solution. According to Colorado’s affordable housing market experts, rapid expansion has resulted in a severe scarcity of affordable housing units. At the same time, the COVID-19 epidemic has exacerbated these issues, worsening the situation. Both homeowners and renters face the same dilemma of growing costs. Authorities are still looking for feasible answers in the face of large jumps with one such plan already seeing the light of day.              The Challenges at Present The current situation in Colorado is one of the worst that the state has seen for many years. Rental prices saw a 13% rise throughout Denver alone. At the same time, house prices went up by 20% with the rates being even higher in the suburbs. As a result, the notion of owning a home of their own is rapidly becoming a distant reality for many. This is naturally a significant cause for concern for extremely low income individuals in the state. There are… Read More »Colorado’s Affordable Housing Plan: Challenges and Opportunities

Alabama and its Fluctuating Affordable Housing Market

Alabama and its population of more than 5 million has been facing an affordable housing crisis for the past 15 years. However, things are beginning to normalize after a long time with 6 million sales recorded by the state in 2021. The demand-and-supply gap continues to exist but with global supply chains returning to normalcy and other market dynamics becoming favourable, things are beginning to portray a brighter side. With a group of 20 leading economists who analysed the current market, a number of conclusions have been drawn. Although housing prices are expected to increase 5.7% in 2022, the pandemic backlog is expected to reduce substantially. Housing sales are predicted to drop a little going to 5.9 million but at the same time, starts are expected to rise, hitting 1.67 million. These states will ease the pressure on the affordable housing market. Here are some of the challenges that the state is facing at present; Existing Resources Aren’t Enough Alabama continues to struggle with a lack of financial resources to address the city’s affordable workforce housing issues. The state’s federal entitlement has decreased dramatically over the years. As a result, home production investment has decreased. As a result of the decreasing availability, people are having difficulty finding new projects that fit within their budget. As a result, the condition has become more serious. Decreasing “Affordability”… Read More »Alabama and its Fluctuating Affordable Housing Market

Tips for Buying an Affordable House in Vegas

Are you planning to buy a house in Las Vegas? With the massive growth of the population in 2018, it comes as no surprise that the real estate market in Las Vegas is on the rise. With our three tips, you can hunt for an affordable house in Las Vegas. Tip Number 1 – Learn To Be Patient Staying patient is one of the most important things to do when you are thinking of buying a house in Las Vegas. If the budget of the client is lesser as compared to the average price range, it could lead to a lot of competition. Hence, you need to learn the art of patience to reach your perfect destination. You might even have to make offers on a number of properties, but do not lose hope and stay consistent and patient. Tip Number 2 – Learn To Be Efficient With Finances When you are set to buy a home, the first thing to consider is the finances. How much can you afford to pay? Set a range for your budget so that you can look for the houses in your specific budget. Get the loan approved beforehand if you are searching for a house. This way, you can narrow down your search for your particular budget. The average price of a house in Las Vegas costs around… Read More »Tips for Buying an Affordable House in Vegas

Maxwell Drever Addresses Supply and Demand Gap in Affordable Housing

In recent years, the idea of cheap housing has drawn a lot of attention. However, the COVID-19 pandemic’s difficulties have significantly hampered the sector. The gap between supply and demand has been steadily expanding as a result of increased pricing and postponed development schedules. According to Maxwell Drever, the pandemic that resulted in job losses or salary reductions has significantly increased demand without having a significant impact on supply. Demand and supply must cooperate for affordable housing initiatives to be successful. Stakeholders on both sides have a lot at stake, so getting affordable housing right is crucial. The disruption of the global supply networks for building materials makes this a difficulty in particular. Building cheap homes is becoming increasingly challenging as a result of rising labor expenses. However, there are a few strategies to make supply and demand go hand in hand. Identification of Bottlenecks is Crucial per Maxwell Drever Maxwell Drever notes that finding a workable solution depends on understanding the root of the issue. With the COVID-19 outbreak and its effects, there have been several supply-side bottlenecks, from high labor costs to sluggish building material supplies. At the same time, it has become harder to find reasonable choices for housing financing. Knowing the issues is the first step because each requires a unique discussion and different planning. Importance of Industry-Wide Collaborations Multi-level cooperation… Read More »Maxwell Drever Addresses Supply and Demand Gap in Affordable Housing

Maxwell Drever’s Guide to Profitable Home Businesses

If there is anything that the year 2020 taught us is that almost everything can be done online. Whether it’s education, career, business, or job, if you can master the internet, Maxwell Drever believes you can do anything from the comfort of your home. The trend of running businesses from home is not new; it has been around for a while, but what is new is the diversity of businesses that you can now run from home. You are no longer limited to traditional businesses such as selling products or services online, but you can now venture into other areas such as content creation, social media marketing, and even event planning. Maxwell Drever Approved Businesses That Can Be Run At Home Content Creation If you have a passion for writing, then you can start a business creating content for other businesses. From blog posts and articles to web copies and even e-books, the range of options in line with content creation is endless. There are a number of platforms that you can use to sell your content, such as Fiverr, Upwork, and Freelancer. Social Media Marketing With over 3 billion active social media users, Maxwell Drever explains that there is a huge opportunity for businesses to reach their target audience through social media. If you have a knack for marketing and understand how social media… Read More »Maxwell Drever’s Guide to Profitable Home Businesses