article thumbnail

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. Seeking new inventory sources.

Buyers 332
article thumbnail

Institutional investors now balk at buying homes in this market niche

Housing Wire

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Renovating Right.

Investors 392
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications. . == Glorious Gilded Age Mansion for $29.9M The 30-year fixed rate increased to 6.69

article thumbnail

My 5 Favorite Parks In and Around Seattle

Will Springer Realtor

The highlight for many visitors is the brick-and-stucco West Point Light Station, established in 1881 on the northwest tip of the park and fully restored in 2009-2011. The city renovated the north play area of the park. Don’t be surprised if you see a deer, fox or cougar in the distance (bring animal-repellent spray, just in case).

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. such renovations to these homes (between 20 and 39 years old), with about 200,000 of those projects running north of $25K each.