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US housing market is short 5.5 million homes, NAR says

Housing Wire

According to the lobbying group, construction of long-term housing fell 5.5 The NAR is calling for a “major national commitment” to build more housing of all types by expanding resources, addressing barriers to new development and making new housing construction an integral part of a national infrastructure strategy.

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White House announces new housing initiatives to boost homeownership

Housing Wire

homebuyers to “obtain access to affordable mortgage credit when seeking to purchase properties with ADUs, add ADUs to existing structures, or construct new homes with ADUs,” with such flexibilities designed to allow first-time homebuyers, seniors and inter-generational families to establish generational wealth, the announcement said.

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Eleven Types of Risk in Commercial Real Estate

Property Metrics

In this article, we’ll look at eleven types of risk in commercial real estate investment. . In the United States, the inflation rate has been around 2% per year since the year 2000. Real estate is a highly illiquid asset. So, real estate is illiquid compared to most other types of assets.

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Weird Real Estate Agent Photos for Appraisers

Appraisal Today

57 Weird Real Estate Agent Photos. Excerpt: Yes, many great real estate photos really capture the house. More Terrible Real Estate Agent Photos for Appraisers. The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical.

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Non-Arms Length Sales for Appraisers

Appraisal Today

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. Therefore, the final price may not reflect the market value of the property.

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What Is Gentrification – and Why Is It Good or Bad?

Empire Appraisal Group

Since 2000, according to a 2019 New York Times report on gentrification, the phenomenon is affecting about one in six predominantly African American Census tracts in the U.S. In Durham, for example, the construction of the Durham Freeway contributed to the demise of thriving Black commerce in the city. Is gentrification bad?

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Investor Financing Heats Up

Patch of Land

Housing analysts have recently expressed caution about the residential real estate investment market due to rising home prices and competition. Many of these new lenders are digital and national, making it easier for real estate flippers to access financing no matter where they are based. Average gross profits were up 4.8

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