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Current housing inventory insufficient for aging needs, report says

Housing Wire

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

Inventory 482
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Older Americans are ‘splurging’ on home modifications to support aging in place

Housing Wire

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.

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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

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.”

Investors 448
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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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SFR with ADU or Two Units?

Appraisal Today

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

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Will Springer Realtor - Untitled Article

Will Springer Realtor

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.

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Appraiser Countersues Alleged Discrimination

Appraisal Today

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.