WHAT HAS CAUSED THE HOUSING CRISIS?

The number of Building Permits Issued in our region have dropped to less than 15% of the average number in the early 2000's

 The senior living industry is facing a critical challenge, with a projected $1 trillion investment shortage in development expected by 2040. According to NIC MAP Vision, the current pace of senior living development is insufficient to meet the growing demand, leading to a significant shortfall in housing for older adults. Immediate action and increased investment are essential to address this looming crisis and ensure adequate housing for the aging population.
Click to read the full article on McKightsSeniorLiving.com

  In 233 U.S. cities, the cost of a starter home has now reached $1 million, a significant increase driven by pandemic-era price growth. This trend, once mainly seen in California, has spread to other states, with New York and New Jersey also having numerous cities with million-dollar starter homes. The New York City metro area leads with 48 cities, followed by the San Francisco metro area with 43.For more details, Click to read the full article on Zillow Research