Housing Crisis

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  • What is an Appraisal Gap?

    What is an Appraisal Gap? By: D. Keith Dunnagan, Esq. and Trey Van Dyke (2L) August 10, 2021 In competitive housing markets like the one we currently find ourselves in, home prices can quickly soar beyond the value that a home will actually appraise for. This is due to a fundamental difference in the means […]

    Beware of Constructive Eviction Concerns During COVID

    Beware of Constructive Eviction Concerns During COVID By: Tanner Puryear, Esq. and Keaton Turnipseed, 3L. July 13, 2021 Spurred by remote work, and with interest rates at a 3.1% national average for a 30-year fixed mortgage, the housing market is booming. Nationally the median home price is $370,528, 22.2% higher than the previous year. At […]

    Understanding Nevada’s Eviction Moratorium

    Understanding Nevada’s Eviction Moratorium By: Alexander J. Hinman, Esq. May 18, 2021 It has been over a year since Nevada’s Governor, Steve Sisolak, put into effect an emergency directive prohibiting all eviction actions in the state of Nevada based on nonpayment of rent. Fourteen months later, the state moratorium is scheduled to be lifted on […]

    Understanding the Wrap Transaction

    Understanding the Wrap Transaction By: Matthew J. Kirkpatrick, Esq. and Sierra N. Grandbois, Esq. April 27, 2021 When the market heats up and individuals begin to feel priced out of the market, buyers look to get creative in how they can purchase a house. There are lots of ways to complete real estate transactions, various […]

    Cash for Keys and SB-91

    Cash for Keys and SB-91 By: D. Keith Dunnagan, Esq. April 20, 2021 With the real estate market in overdrive and with COVID related eviction restrictions in place, many landlords that want to sell their properties seem stuck. They wonder if there is a solution to sell that property. A couple weeks ago, Laura Ferret, […]

    Update on ADU Legislation

    Today we look at the legislative updates related to granny flats. It is no secret that California is in the midst of a housing shortage crisis. The only way that shortage will be dealt with is encouraging construction through legislative reform. One of those reforms that needs to be addressed is related to the construction […]

    Gov. Newsom Makes Housing Shortage a Priority in Budget Proposal

    Today, we take time to look at Gov. Newsom’s recent budget proposal as it relates to housing shortages in California. The shortage of affordable housing has long been a problem and today we look at some of the implications of Gov. Newsom’s recent remarks related to addressing housing shortage in California. As always, if you […]

    SB 831 — Attempting to Streamline Approval of Granny Flats

    It is well known that California has a significant housing shortage problem. SB 831 which is currently working its way through the California legislature is an attempt to encourage development of ADUs and streamline the approval process. Where this ultimately goes, time will tell but easing up the regulatory process will assist in the approval […]