Many high-risk homes are in areas that are desirable because of location and home demand still outstrips supply.
“This is one area where there does appear to be convergence between Democrats and Republicans,” said UChicago professor Mike Albertus.
Some are even cutting prices, reflecting motivation to lock in years of gains. Sellers’ rising median age might be a factor.
Los Angeles has one of the lowest multifamily vacancy rates in the country. The fires will push rents even higher.
There are more than 20 million households with at least two empty bedrooms, no kids, owned and occupied for more than a decade by people over 55.
Experts weigh in.
August’s personal consumption expenditures index clocked in at 2.2%. That’s down from July, but the housing category is one of the slowest to cool.
The Biden administration is eyeing nuclear as one solution to ‘clean’ energy, but as a new nuclear plant moves into a rural community in Wyoming, there’s another challenge — housing shortages for workers.
Resort communities that saw growth during the pandemic are trying to stop the bleed of local workers being priced out.
Construction students get blighted homes back on the market under the auspices of a community college program.