First, some levity. I love this guy and all of his "if dog breeds were human" videos. Here is Jonny Devaney's If Dog Breeds Went House Shopping":

 

 

 

 

 

By Janet Eastman | The Oregonian/OregonLive

 

Homeowners interested in having separate guest houses or income-producing rentals on their city lot can learn about new zoning rules and see a variety of designs during a tour of Portland’s accessory dwelling units (ADUs) on Saturday, June 25.

 

The 15 self-contained, compact homes on the Build Small, Live Large: Portland’s Accessory Dwelling Unit Tour represent a range of layouts, from new standalone structures to basements and garages converted into living quarters.

 

Ticket holders ($30; accessorydwellings.org) can talk to owners, builders and designers about the decisions made to meet the owners’ needs and budget.

One stop on the self-paced tour is a cottage cluster, a group of detached homes around a central common space. Other examples of legal housing added to a single-family residential lot are ADUs built from a kit or shipping container as well as a tiny house on wheels.

 

Extra homes are also attached to an existing house or built on top of a new garage.

 

More here: https://www.oregonlive.com/hg/2022/05/adu-tour-lets-you-see-how-to-put-two-legal-income-producing-small-homes-on-your-lot.html

 

As I mentioned in my last email to you, there has been a noticeable shift in the market here. Nothing drastic, but definitely a deceleration. Homes priced well are still fetching multiple offers, though fewer. The increase in interest rates and the public mood have cooled things down to a more "normal" pace.

I came across an article which discuss which markets will fare best and which will feel the impact of the shift more intensely.

 

According to the article, the following markets are going to feel this shift the most:

 

Eleven regional markets received a high-risk label, namely: Atlanta, Georgia; Boise, Idaho; Cape Coral, Florida; Deltona, Florida; Des Moines, Iowa; Jacksonville, Florida; Lakeland, Florida; Miami, Florida; North Port, Florida; Orlando, Florida; and Winston Salem, North Carolina.

 

Nine of the markets are located in the nation’s booming Southeast corridor. Fortune claimed that Jacksonville, Atlanta and Orlando made the list given the massive number of homebuilding taking place, which would leave them at a higher risk of oversupply if the bubble bursts."

 

Conversely, the lowest risk markets (including ours) are as follows:

 

"Meanwhile, Fortune identified 37 housing markets that are considered low risk, some of which included: Boston, Massachusetts; Columbus, Ohio; Denver, Colorado; Grand Rapids, Michigan; Los Angeles, California; Portland, Oregon; Sacramento, California; San Diego, California; San Jose-Sunnyvale, California; Seattle, Washington; and Honolulu, Hawaii."

 

You can find the f ull article here: https://www.mpamag.com/us/mortgage-industry/market-updates/real-estate-crash-which-markets-will-survive/408536

 

 

I hope you're all staying safe and healthy! As always, if there is anything I can do for you or if you have any questions, please reach out!

 

Take care!

 

Clarity