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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

When including the approximately 900,000 single family homes constructed by new homebuilders during the year, according to data from the Census and U.S. That’s according to an analysis of more than 275,000 properties brought to foreclosure auction on Auction.com in the last seven years, between 2016 and 2022.

Inventory 367
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The Pros and Cons of Buying a New Home vs. a Resale Home

Eppraisal

That question centers around whether they prefer new construction to a pre-existing house that has had previous occupants. Advantages and Disadvantages of New Construction According to Realtor.com, one-third of all homes on the market are new, i.e. recently built with no previous inhabitants. Competition is fierce.

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Don’t Miss Out on Warehouse Space for Sale – The Recession-Proof CRE Sector

The Robert Weiler Company

However, unlike many areas of the current economic climate, demand for warehouse space for sale and warehouse rentals continually increases, with new construction occurring in Columbus, Ohio, and across the nation. Consider this: New warehouse construction will not soon meet the increased demand.

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How To Appraise Rural Properties

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Unlocking Dreams: Embarking on the Journey of Florida Homeownership

Lamacchia Realty

This budget should account for all potential costs, including down payments, closing costs, property taxes, and homeowner’s insurance. Florida offers some financial perks to homeowners, such as the homestead exemption, which can provide significant property tax relief. But it’s not all about expenses.

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How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

Chicago’s housing options include a wide diversity of architecture, styles, and sizes, including vintage condos, brand-new construction, and 7,000-square-foot homes. in 2019 over the previous year, perhaps an effect of high property taxes, falling population, and an excess of homes after the mid-2010s construction boom.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.