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Construction worker shortage has reached “crisis” levels

Housing Wire

Now the need for new housing supply is acute : 12 million households have formed since 2012, yet only 10 million units were built during that time, per an analysis of Bureau of Labor statistics by the National Association for Home Builders. Top markets for affordable renovated housing inventory. Presented by: Auction.com.

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As vacant foreclosures increase, so does buyer interest

Housing Wire

Seeking new inventory sources. If you had asked me about gentrification in Newark in 2012 and 2013, I would have told you I’m not worried about gentrification; we just need to get properties re-occupied. Beniston noted demand is also strong for rentals that YNDC has renovated after purchasing in distress.

Buyers 332
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Success with Millennial Real Estate Clients: Q&A with Dara Alperen Cipollone

McKissock

Dara’s ability to listen to clients and her attention to detail landed her Exceptional Service Awards in 2011, 2012, and 2013 from Cartus/USAA, one of the nation’s largest relocation organizations. A: The obstacles Millennial real estate buyers face for owning a home in the Boston market come down to low inventory.

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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 389
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Home price growth, low mortgage rates boost MMI fund

Housing Wire

Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

Mortgage 386
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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.

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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. The professional rodeo was established in 2012, returning a 70-year tradition to this southeastern King County city. homes shy of what’s needed today. Various times.

Buyers 36