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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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Eleven Types of Risk in Commercial Real Estate

Property Metrics

In the United States, the inflation rate has been around 2% per year since the year 2000. Construction Risk. Any time a property undergoes construction, there is an additional source of risk to the property owner. Construction risk applies whether there is a new development or a significant renovation.

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Investor Financing Heats Up

Patch of Land

Home flipping set a record during the first quarter of 2018 when homes flipped sold at an average gross profit of $69,500—the highest average gross flipping profit since first quarter 2000 (when ATTOM Data Solutions began tracking flips). Average gross profits were up 4.8 percent from $66,287 in the year-ago period. Areas to Watch.

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Non-Arms Length Sales for Appraisers

Appraisal Today

This practice may shed light on why the correlation between home values and neighborhood racial composition strengthened again from 1980-2015, while the connection between home values and traditional factors like housing characteristics, construction quality, neighborhood amenities, and socioeconomic status weakened. built in 2000.

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15 Things To Know BEFORE Moving to Raleigh NC {2022 Guide}

Raleigh Realty

The population in Raleigh, NC has seen an increase from 290,000 people in the year 2000 to nearly 500,000 folks here in 2019. For a while, Art was the main attraction in Raleigh, and it inspired arts in other forms including music, craft beer, fine dining, even inspiring some of the custom new construction homes in Raleigh.

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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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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?