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As vacant foreclosures increase, so does buyer interest

Housing Wire

There were a total of 647 vacant structures in the Slavic Village neighborhood in July 2020, down 15% from March 2019 and down 53% from a peak of 1,368 vacant structures in March 2009, according to a biannual survey conducted by SVD of all parcels in the neighborhood. In 2008, 2009, it was triage. Seeking new inventory sources.

Buyers 331
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Institutional investors now balk at buying homes in this market niche

Housing Wire

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Bulk Buyer Bonanza. in 2009.

Investors 387
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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications. . == Glorious Gilded Age Mansion for $29.9M The 30-year fixed rate increased to 6.69

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. such renovations to these homes (between 20 and 39 years old), with about 200,000 of those projects running north of $25K each.