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Also the buyer pool has been comprised of a higher-than-normal share of private buyers over the past 18 months.
Residents often prefer to stay in their home regions versus moving to another part of the country.
NIC reported that 2023 ends with a 2.4 percentage point annual increase.
In 2025, the first Baby Boomers will turn 80.
Governments and the private sector must move swiftly to address the immense housing and help needs this cohort faces
CBRE analyst said there's pent-up activity that needs to clear.
NIC reported a "significant slowdown" in construction requests in Q1.
Also, investors are very interested in the Active Adult segment.
DLA Piper survey respondents optimistic about medical, grocery, seniors housing assets.
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The rule changes going into effect on July 1 will require more coordination and expense, but it's not without its own nuance in the quest for safer buildings.