Tuesday, January 08, 2008

Affordable housing from unexpected places

In the midst of the mortgage industry credit crunch, we have been starved of upbeat stories about generosity and successful first time home buying experiences. However, this week The Seattle Times featured a story on how the Runberg Architecture Group came up with an unconventional way to help their employees find affordable housing. The owner, Brian Runberg, is helping architects at his firm design and build their own houses. Brian bought land on which his employees can design and build houses, and once the houses are built, employees can purchase the homes at cost. It’s an incredibly ingenious way to help out employees at firm that specializes in affordable housing. We thought some upbeat real estate news is in order and look forward to a great real estate market in the year to come!

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