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As vacant foreclosures increase, so does buyer interest

Housing Wire

There were a total of 647 vacant structures in the Slavic Village neighborhood in July 2020, down 15% from March 2019 and down 53% from a peak of 1,368 vacant structures in March 2009, according to a biannual survey conducted by SVD of all parcels in the neighborhood. In 2008, 2009, it was triage. Rising demand for vacant distress.

Buyers 332
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Institutional investors now balk at buying homes in this market niche

Housing Wire

But it also makes sense given that their large-scale acquisition strategies could buckle under the logistical pressure of performing major renovations on hundreds or thousands of homes simultaneously. Bulk Buyer Bonanza. More than 2 million home sales in 2021 were to all-cash buyers, up 67% from the 1.2

Investors 392
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Investor + Flippers Guide to FHA Flipping Guidelines

Listing Spark

FHA loans are becoming an increasingly popular option for buyers all across the home market. The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements.

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Auctions see high owner-occupancy rates for foreclosed homes

Housing Wire

Among nearly 135,000 properties foreclosed between 2016 and 2020 that sold to third-party buyers at foreclosure auction on the Auction.com platform, more than half (54%) are owner-occupied as of 2022, according to public record county tax assessor data from ATTOM Data Solutions. The role of renovators. Net owner-occupancy rates.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer. You will be missed.

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Residential Appraisals and Airbnb Income?

Appraisal Today

We’ve seen more luxury properties sell (larger homes) and buyers at higher price points (larger homes) have been taking advantage of being able to work from home. Most of all, we’re seeing buyers become more sensitive to price, location, and condition since affordability has taken such a beating lately. The O’Rourke forecast.

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Lamacchia Reaches $1 Billion in Sales for 2020

Lamacchia Realty

Lamacchia Realty began in 2009 as a team model which in one year became #1 in Massachusetts and continued to hold that title for five consecutive years. The company opened five new branch offices in 2020 alone, including Chelmsford , Hudson , Beverly , Fort Lauderdale, Florida , and the newly renovated landmark branch location in Waltham.

Realty 69