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Japanese Government Is Selling Houses for $500 to Populate Rural Areas

In Japan, local authorities are giving away renovation subsidies to incentivize people to move into the country's rural areas. ....

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Millennials are flocking to fixer-uppers because it's the only way some can afford a home

Millennials are flocking to fixer-uppers because it s the only way some can afford a home
[email protected] (Hillary Hoffower)
© Provided by Business Insider
Millennials are turning to fixer-uppers to get their hands on a home. Justin Lambert/Getty Images
Millennials are buying fixer-uppers amid a cutthroat housing market that s overpriced and shrinking.
Buying old homes and renovating them has made homeownership more attainable for the generation.
But BofA Research data reveals many are taking out loans for home improvement projects.
As prices for homes reach record-highs, millennials are turning to fixer-uppers as a more affordable solution.
More than three-quarters (82%) said in Bank of America Research s sixth annual millennial home improvement survey that they re more likely to buy a fixer-upper than a newly built home. The survey polled over 1,100 members of the generation. ....

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Millennials Are Buying Fixer-Uppers As Housing Market Supply Shrinks

Justin Lambert/Getty Images
Buying old homes and renovating them has made homeownership more attainable for the generation.
But BofA Research data reveals many are taking out loans for home improvement projects.
As prices for homes reach record-highs, millennials are turning to fixer-uppers as a more affordable solution.
More than three-quarters (82%) said in Bank of America Research s sixth annual millennial home improvement survey that they re more likely to buy a fixer-upper than a newly built home. The survey polled over 1,100 members of the generation.
It s the latest takeaway from a historic housing shortage that s forcing millennials into their second housing crisis in 12 years. Contractors have been underbuilding since the Great ....

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A List of All of the Shortages in US Economy, From Diapers to Cars

President Joe Biden holds a semiconductor chip at the White House in Washington, U.S., February 24, 2021.
Jonathan Ernst/Reuters
An ongoing computer-chip shortage has affected cars, iPads, and dog-washing technology alike. Chipmakers like Intel had already seen production issues pre-pandemic, but as with many industries, COVID-19 brought a variety of new supply-chain issues. The chip shortage is a problem for consumers wanting basically anything with a computerized component, which is much of the economy. Take cars as an example.
The semiconductor shortage has hit automakers the hardest. In January, the consulting firm Alix Partners estimated the automotive industry would lose $61 billion in revenue from the shortage this year. As Insider s Katie Canales reported, demand for chips has gone up as consumers scrambled to buy cars and other technologies that use them. ....

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What It's Like in America's Best Suburb to Move to in 2021

The City of Westfield, Indiana
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The best suburb to move this year is Westfield, Indiana, according to Homes.com.
The enclave outside Indianapolis has seen its population and home prices grow.
Two local real-estate brokers told Insider they d never seen so much interest from buyers.
Eric Forney can t remember a single home for sale in Westfield, Indiana, over the past year that didn t receive multiple offers.
Forney, a Keller Williams real-estate agent in the suburban enclave 30 miles north of downtown Indianapolis, told Insider that properties in the area regularly attracted bids 10 to 25% over the listing price. ....

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