According to the US Census Bureau, the population of baby boomers in 2012 was estimated to be 76.4 million, which is nearly one-fourth of the total US population.
While some aging adults plan to gain new experiences in their golden year, statistics reveal that over 60% of the retirees decides to stay in their current home as mobility becomes a crucial factor in old age.
However, old age requires special care and attention to maintain health and comfort which involves various changes in day-to-day lifestyle.
Therefore, the most comfortable alternative for elderly homeowners is to undertake home renovation which includes creating and updating the home to make it more comfortable and safe for older people.
Although installing easy to operate faucets and appliance, grab bars, higher toilets, and slip-resistant floors are some primary upgrades that most retirees include in their home renovation project, one can also trace other definite…
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If you’re just getting into the real estate market, you may have heard that 20% down is the ideal percentage in order to lower your monthly payments and get your mortgage application approved. However, while 20% is often suggested, many people struggle to come up with this amount of money. If you’re staving off home ownership because of your net worth, here are some reasons you may not need to hold off as you long as you thought.
Minimizing Your Insurance Costs
Putting down 20% of the total purchase price of your home is often suggested, but it doesn’t definitively mean that your application won’t be approved if you don’t. If you have a good credit score and are in good financial standing, putting less than 20% down means you’ll have to pay homeowner’s insurance; however, it can be worth paying the extra funds in order to get into the…
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2016 definitely demonstrated a strong display in the real estate industry. Home prices and sales got pretty powerful figures in 2016 and these figures were the strongest since the economic recession of 2016. Housing market conditions for 2017 are predicted to be having low mortgages rates as well as high demands for real estate properties. However, it is also important to note that there may or may not be any favorable conditions for people to purchase or borrow in the real estate market especially in a few initial months of 2017. Here is a brief list of top real estate housing trends in 2017:
Similar to 2016, housing construction will continue to increase as well as home prices will also increase in 2017. Housing construction will focus mostly in cities and will mostly include smaller homes, public transit and urban centers.
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Reblogged from Mortgage News Daily – Jann Swanson
Home price increases continued to exceed CoreLogic’s own projections in July. The company’s Home Price Index (HPI) indicates that home prices nationwide, including distressed sales, rose 1.1 percent from June and were 6 percent higher than in July 2015. The month-over-month gain was identical to the rate of appreciation from May to June, but the year-over-year increase marked an acceleration from the 5.7 percent reported in June. In the last HPI, CoreLogic noted a deceleration in price gains.
Oregon and Washington continue to top the charts with double digit annual increases of 11.2 and 10.2 percent respectively. They were followed by Colorado at 9.3 percent, West Virginia (8.6 percent) and Utah (7.9 percent.) Only one state failed to post an annual gain; Connecticut, where prices fell by 1.2 percent. Other states had negligible changes; New Jersey saw appreciation of only 0.2 percent…
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Very interesting read.
A good article in Shelterforce Weekly discusses the concept of rapid rehousing. This is the idea most commonly expressed in homeless programs that get people housed quickly and deal with the social problems later. The article posed certain factors that make the program more attractive to small landlords than traditional government programs. These advantages are:
Support for the tenant
Less in the way of rehab
The entire article follows:
Could an Anti-Homelessness Program Also Stabilize Affordable Housing Supply?
Posted by Miriam Axel-Lute on August 1, 2016
Periodically in the affordable housing world, a few of us acknowledge the fact that the vast majority of low-income people live in unsubsidized rental units located within one- to four-unit buildings. And then we ask, how do we improve the quality of these homes and preserve their affordability? What programs could help these landlords and also help their tenants?
The conversations I’ve…
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