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Construction worker shortage has reached “crisis” levels

Housing Wire

Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed. Top markets for affordable renovated housing inventory. Around one-third of construction workers are immigrants, and a growing number — now about 11% — are women. Presented by: Auction.com.

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As vacant foreclosures increase, so does buyer interest

Housing Wire

“We still have vacancy and blight issues but they are not crippling as they were a decade ago,” said Ian Beniston, executive director at the Youngstown Neighborhood Development Corporation (YNDC), a nonprofit community development corporation in Youngstown, Ohio. When we began a decade ago there was much more blight.

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Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Housing Wire

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Combined with thousands of other local community developers like her, McCormick’s efforts are moving the needle when it comes to quality, affordable housing for owner-occupants nationwide.

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Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property [2021]

The Robert Weiler Company

Built on land that was once home to the Sunshine Terrace 11-story tower, part of the Riverside Bradley public housing complex was torn down in 2012 to make way for the innovative undertaking. And, it is a major development that the Columbus region should celebrate. This scenario is what many real estate developers face.

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Home price growth, low mortgage rates boost MMI fund

Housing Wire

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Top markets for affordable renovated housing inventory. percentage points from the previous year, when it was 6.10%.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

Some developers are delivering smaller homes in the form of four- and six-plex townhomes on a parcel of land that once featured a single-family house. Bellevue has an average hourly wage for developers of $74.85. New York City saw the most development over the past decade, with 98% of its 242K permits comprised of multi-family units.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Look at the green states of Idaho, Nevada and Utah on the 2012 map; they have seen housing affordability plummet by 2019, skipping past the yellow category to brown in less than a decade. Many dug into savings and had their homes renovated or repaired.