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Top markets for affordable renovated housing inventory

Housing Wire

Homes remain much more affordable in 2021 than they were during the home price runup in 2005 and 2006, but the seven-month trend in deteriorating affordability is starting to gradually slow demand. Renovated Inventory to the Rescue. On average, the price of the renovated properties was 3.5 Top Markets for Renovated Inventory.

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Spike in lumber prices boosts construction costs

Housing Wire

The COVID-19 pandemic has caused lumber prices to skyrocket more than 160% since April after a spike in home renovation by cooped-up Americans, according to the National Association of Home Builders. As people started nesting in response to the pandemic, they started undertaking all sorts of home renovation projects,” Dietz said.

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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

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Opinion: SFR companies not to blame for lack of inventory

Housing Wire

A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market. million) in the prime household formation years of 25 to 34 than there were in 2006.

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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. That’s particularly true for mom-and-pop investors across both market segments.

Investors 342
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Like it or not, desktop appraisals are here to stay

Housing Wire

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Loans for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes are not eligible.

Appraisal 363
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Lamacchia Realty Opening in Salem, New Hampshire

Lamacchia Realty

We are very excited to serve dramatically more homebuyers and sellers in the Southern New Hampshire market and in time grow all the way up the state with additional offices.” The renovation is expected to be complete with an official grand opening in March 2023. Lamacchia Realty has been serving buyers and sellers since 2006.

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