Remove 2012 Remove Housing Market Remove Inventory Remove Renovations
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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. The construction worker shortage has reached crisis level. About a fifth of the sector is self-employed.

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Institutional investors now balk at buying homes in this market niche

Housing Wire

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Renovating Right.

Investors 384
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Home price growth, low mortgage rates boost MMI fund

Housing Wire

But HUD officials also raised concerns over the share of seriously delinquent borrowers and the impact of potential changes in the broader market. Top markets for affordable renovated housing inventory. million borrowers in forbearance across the housing market, as well as the 1.18

Mortgage 379
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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

Additional housing, particularly more affordable units, will only help strengthen the health of the public and economy. Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Many dug into savings and had their homes renovated or repaired. A surprising 3% used the time to build a new house.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. With so few available places to live, the competition for those homes is making housing much less affordable for many. homes shy of what’s needed today.

Buyers 36
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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.