Real Estate News 02/12/2025

Today’s News Synopsis:

In The News:

CRE Daily – “Aging Boomers Could Soon Revive Senior Housing“ (02-11-25)

“The need for senior housing is surging, but new development isn’t keeping pace. High costs push investors toward acquisitions, while luxury options for wealthy boomers expand. Will the market be ready by 2030?“

Redfin – “Nearly 70% of Single People Struggle to Afford Housing Payments, Compared to 52% of Married People” (02-05-2025)

“Single and divorced people are more likely than people who are married to make certain sacrifices, including skipping meals, to afford rent and mortgage payments, according to Redfin survey findings. That’s largely because single people are making payments alone; for instance, a single Washington, D.C. renter pays nearly $12,000 more per year than someone splitting the rent. ”

CoreLogic –  “Will Trump Tariffs Harm Home Affordability?“(02-10-25)

“The numbers refused to cooperate. No matter how developers crunched them, low-cost homebuilding was already a challenge. And under the new administration’s proposed tariffs, it looked even worse.”

CalMatters – “California homeowners will have to fund half of high-risk insurer’s $1 billion ‘bailout’”“ (02-11-25)

“After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special charge of $1 billion on insurance companies — which will in turn pass the costs along to homeowners — the first such move in more than three decades.”