Despite the pandemic, houses in the single-family market continue to be sold at above listing prices, and construction firms cannot keep up with the demand.[Read more…]
As a result of job losses and closures of colleges, the number of young adults from ages 18 to 34 who live with parents or relatives spiked to 27.7 million in June. The number dropped down to 25 million in September, however the number is still above the prior four-year average.[Read more…]
Depending on the outcome of the election, new economic policies will make their way through congress. However, the question of if these policies get passed will depend heavily on the result of several congressional races. If the Democratic Party holds on to a majority of seats in the House of Representatives while the Republican Party maintains its slim hold over the Senate, then it is unlikely any substantial new legislation will be passed regardless of who sits in the Oval Office.
The electoral outcome that will most likely come with significant change will be if Biden is elected to the executive office and the Democratic Party obtains a majority in both houses of Congress.[Read more…]
Rent & vacancy control is on the upcoming November ballot. The proposed change alters how rents are adjusted during tenant turnover.[Read more…]
The current COVID-19 pandemic has caused lifestyle changes that will leave an impact on daily operations, safety protocols and community design. The well-being of residents and front-line staff remain the top priority of operators, many of which are fatigued by budgetary pressures, workforce shortages and limitations to social interactions. However, as the care needs of the aging population continues to grow, long-term prospects for the senior sector remain positive.[Read more…]