This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Despite a documented preference that older Americans have to age in place, the current housing inventory is inadequate to support the needs of an aging population. Renovations may provide some solutions, but it is also a solution with limits according to Rodney Harrell, VP for family, home and community at AARP. “We
Between elevated interest rates and the resulting “lock-in” effect , home prices and limited inventory levels are also making relocations challenging for baby boomers and older members of Generation X. This means that renovations of existing homes are likely to become more necessary as time goes on.
The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. It remained way below the 44.6% hit in the second quarter of 2021.”
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.
After a painstaking renovation of the 13,872-square-foot property, they moved in in 2012. percent, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. percent, the highest level since the series’ inception in January 2011, from 7.32
months of inventory. Inventories across the county for all home types now stand at 2.2 Single-family inventory is unchanged from October at 2.1 Exclusive neighborhoods such as Medina and Mercer Island have roughly 4 months of single-family inventory. A little more than a third of inventory is under contract.
Despite the home’s age, it isn’t a money pit or desperate for a renovation. year-over-year to $396,100, marking the largest price reduction since December 2011.While After her death, it was reportedly sold for $7.5 million in a private transaction to timber tycoon John Rudey. The current owners bought the place in 2014.
The gross-flipping profit of $67,000 in Q2 translates into a 34% return on investment compared to the original acquisition price, its lowest point since Q1 of 2011, when the housing market was recovering from a price slump brought on by the Great Recession. Inventories improved fractionally. in Q2, down from 6.8% There is now 0.7
That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. With little incentive to lose their low-rate mortgage, homeowners will choose renovations and home equity loans over moving for the foreseeable future. Popping sounds can be heard from party balloons, one by one. Return to Top.
The highlight for many visitors is the brick-and-stucco West Point Light Station, established in 1881 on the northwest tip of the park and fully restored in 2009-2011. The city renovated the north play area of the park. Don’t be surprised if you see a deer, fox or cougar in the distance (bring animal-repellent spray, just in case).
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content