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In addition, some white neighborhoods had zoning laws that legally banned non-white buyers from owning homes in those neighborhoods. Demographers estimate that by 2050, the U.S. This means that the most likely buyer for many of these new retirees will be a minority family. population will become majority-minority.
I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago.
Consider your desired demographic of customers or renters and buyers and which amenities they would desire; attractions such as restaurants, malls, community centers, family parks, beaches, etc. Many buyers and renters worry about flood risk in today’s world. billion of new commercial real estate construction contracts in 2021.
Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. more people – or another two Seattles – in our region by 2050.Even The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons.
Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. This suggests buyers were still paying top dollar for their dream home. Kentucky is an example of repeated disasters. CONDO NEWS.
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