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Florida’s housing affordability crisis is reaching a breaking point

Housing Wire

In August, the median monthly rent in Miami was $2,944 a 42% jump since 2020. It’s followed by California at 6% double its share in 2020. ” Population growth in Tampa has significantly rebounded with nearly 52,000 new residents in 2022-2023, up from a loss of nearly 13,000 in 2019-2020. . ”

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Home prices accelerating in areas without mass transit

Housing Wire

to a record $418,100 since January 2020, while it has risen 15.6% With remote work, buyers can prioritize the actual home above its proximity to transportation.” ” The report is based on data that rates locations based on how convenient they are to public transportation.

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Residential construction jobs slowly return

Housing Wire

unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic. Despite these gains, the construction sector is still 115,000 jobs below its February 2020 level. Transportation and warehousing now had 210,000 more jobs than its pre-pandemic level. While this is a 0.4% Job growth increased 0.5%

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Labor market report is good news for mortgage rates

Housing Wire

Let’s look at my labor economic model that started on April 7, 2020, and see where are we today. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. Job gains occurred in health care, in social assistance, and in transportation and warehousing. Today, we are at 158,286,000. percent, the U.S.

Marketing 513
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Massachusetts budget features programs to support seniors, aging in place

Housing Wire

The budget also adds support for a virtual senior center, specifically for older members of the state’s LGBTQ+ community; funds a dementia care coordination program; and makes regional bus fares free, although that provision does not impact service from the Massachusetts Bay Transportation Authority (MBTA).

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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. Presented by: Auction.com.

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Researchers sound the alarm over finances of ‘forgotten middle’ older adults

Housing Wire

In 2020, people of color represented about 12% of the middle-income older adult population in the U.S., The largest shift in composition is among Hispanics, who will comprise nearly 11 percent of the middle-income group in 2035 — nearly a three-fold increase from 2020,” the researchers found.

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