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

Housing Wire

Some of the chains reporting increased renovation and modification activity include The Home Depot and Lowe’s , two of the largest home improvement retailers in the U.S. According to a 2023 analysis of the 2011 American Housing Survey by the Joint Center for Housing Studies (JCHS) of Harvard University, less than 4% of U.S.

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Current housing inventory insufficient for aging needs, report says

Housing Wire

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 According to 2011 data from Harvard University ’s Joint Center for Housing Studies (JCHS), less than 4% of U.S. There are changes the housing industry can make.

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AARP reveals proposals for national plan on aging

Housing Wire

The plan prioritizes accessible housing principles through both construction and renovation under age-friendly standards, citing a need illustrated by a Harvard University Joint Center for Housing Studies (JCHS) report detailing how only 1% of U.S.

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Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

Mangus began teaching CE classes designed for real estate agents around 2011, as the mortgage industry was still finding ways to fully recover from the 2008 financial crisis. Over the years I ended up teaching classes on renovation loans, mortgage insurance, mortgage mechanics, etc.,” he says.

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Just in time for 90th birthday, Carol Burnett’s LA condo sells for $3.7M

Inman

million in 2002, and renovated it with husband Brian Miller in 2011. Burnett purchased the 2,800-square-foot 13th-floor unit for $1.26 The property sold five days before her birthday, according to Zillow.

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HELOCs are now “raging back”

Housing Wire

The Federal Reserve Bank of New York ’s second-quarter 2022 Household Debt and Credit Report shows that limits on HELOCs jumped by $18 billion in the second quarter of this year, “the first substantial increase in HELOC limits since 2011,” and an indicator of an increase in new originations.

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

Housing Wire

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. In June, the report states that this group “accounted for 47% of investor purchases, the highest level since 2011.”

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