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Top markets for affordable renovated housing inventory

Housing Wire

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. from a year ago to $356,700, according to the National Association of Realtors. Even with an average 30-year fixed rate mortgage of 2.84% in August , the 14.9%

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Like it or not, desktop appraisals are here to stay

Housing Wire

In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022. There’s still some battle scars from 2006 to 2009 where appraisers were made to be the scapegoats,” Pyle said. But any risks appear to have been resolved.

Appraisal 370
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Lamacchia Realty Opening in Salem, New Hampshire

Lamacchia Realty

REALTORS ® and staff alike are thrilled at the opening of an office in Southern New Hampshire. With over 90 REALTORS ® licensed in NH and dozens that live there as far up as the lakes region, this opening is a long time coming! The renovation is expected to be complete with an official grand opening in March 2023.

Realty 74
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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

The National Association of REALTORS® believes there are alternatives to some of the experience requirements that the AQB should consider. I don’t know if Realtors can be re-trained to see value rather than price. I speak with a lot of Realtors and many are not oriented the same as appraisers. They provide CMAs, etc.,

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Are you better off moving or refinancing?

Cornerstone

Census confirms; these homeowners no longer have a mortgage.* Those who do have a mortgage are still seeing their equity spike. The portion of mortgaged homes that were equity-rich in the second quarter of 2021 — one in three — was up from 31.2 Refinance your mortgage. Home Equity Report shows: “34.4

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. of mortgages underwater); Multnomah County (Portland), Ore. points at 34.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). Many dug into savings and had their homes renovated or repaired. million home sales.