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Opinion: Pass the Neighborhood Homes Investment Act

Housing Wire

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Investing 430
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These housing markets are most likely to correct based on foreclosure buyer behavior

Housing Wire

Prior to the pandemic, the average purchase discount at foreclosure auction had never dropped below 20% in any quarter as far back as nationwide data is available, Q1 2015. But the fever broke in the second quarter of 2022, at least for the local community developers who are the primary buyers at foreclosure auction.

Buyers 423
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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios. What is Market Value As Is and When is it Used?

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5 Investing Tips for Commercial Real Estate Beginners from Industry Leaders [2021]

The Robert Weiler Company

Ari Afshar, Founding Agent at Compass and Member of the Forbes Real Estate Council: Invest in properties near renovated buildings. Renovated buildings that attract pedestrian traffic or include shopping opportunities and eateries have a reverse, upwardly improving effect. since its peak in 2015. encourages further degradation.

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Home equity is the bright gem of the housing market

Housing Wire

Our previous best year for HELOCs was 2015, and that was about $320 million,” he added. HELOCs also are popular because the interest on the loans is tax deductible if the funds are used for approved home renovations. Toohig said Raymond James finished the year with some $1.1

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Lamacchia Realty’s Chelmsford Location is Officially Open for Business

Lamacchia Realty

After massive renovations, 6 North Road in Chelmsford has a whole new look and is built to accommodate Lamacchia Realty’s Chelmsford agents as well as agents that were previously located in the Westford office. During the renovation period, Lamacchia Chelmsford agents operated out of the Westford Office. June 16, 2021. No Comments.