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<br />MEMORANDUM <br /> <br />Date: <br />To: <br />From: <br />Subject: <br /> <br />~~ ". tU-~ lA~ \Vt~~ <br />Real 0 ~ ~ , · ( <br />ancy Reeves ~ ~ IM.VD ~ r..vt ~~, le <br /> <br />City Housing Market Information <br /> <br />Thank you so much for agreeing to meet with me on _ at . This memo <br />contains the questions I said I would be faxing to you to be covered at that meeting. <br /> <br />First, just a little background information on Life Cycle Housing Studies. A Life Cycle <br />Housing Study is designed to help a community or group of communities to plan for <br />housing types and values that will meet the needs of its residents into the future. It uses <br />population forecasts, along with knowlege of other factors that will affect the future <br />makeup of the community, to determine what types of housing development and <br />redevelopment the community will need. Now, the' questions: <br /> <br />(1) In the past year or two, would you say that there have been more first-time home <br />buyers, or more people trying to sell starter homes, in . (Which is stronger here, <br />supply or demand, for starter homes?) Has this been the case for a long time, or is it a <br />recent trend? What types of housing are most in demand? Most available for sale? <br /> <br />(2) Are homeowners in attempting to upgrade their homes to help them to <br />sell more easily in today's market? Or, isn't this generally needed? <br /> <br />(3) Are empty-nesters (ages 55-64) interested in selling their single-family homes and <br />moving to other types of housing? If so, what types of housing are they most interested in <br />- rental apartments, condos, townhouses? The same question for older people, ages 65+. <br /> <br />(4) What percentage of the homes in would you say are ramblers or other <br />types of homes easily adaptable to the needs of older people? Are older people living in <br />these homes less likely to move out? Do older people move into them? <br /> <br />(5) Are young people who have grown up in able to find housing they can <br />afford in when they are ready to go out on their own? If not, where do they go? <br /> <br />(6) What about move-up buyers? Do they have trouble finding homes in ? If <br />so, where do they go? <br /> <br />(7) What other housing trends are you seeing that I should know about? <br />