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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.” In 2019 the number was 200,000.

Inventory 424
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Royden Oaks Houston Neighborhood Maps

Houston Properties

Similar to Houston’s most affluent neighborhoods, developers renovated many of Royden Oaks homes and replaced them with newer and larger properties. Royden Oaks homes for sale are a mix of elegant ranch-style homes and new construction two-story residences. – 2017: #1 Individual Agent, Keller Williams, Texas.

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8 Sustainability Trends Driving Commercial Real Estate for Earth Day

The Robert Weiler Company

Commercial real estate developers are ensuring that the goal of Earth Day is being met, as evidenced by widespread initiatives in green design and sustainable building. To be clear, some of these developments have been gaining momentum for decades. reduction in operating costs in the first year and a 16.9% savings over five years.

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River Oaks Houston Homebuyers Guide

Houston Properties

One of Houston’s older neighborhoods, River Oaks was developed by brothers Mike and Will Hogg, along with their business partner Hugh Potter. Like most Houston neighborhoods, new development is reshaping River Oaks. Older properties have been renovated and updated. Some have since been replaced with new construction homes.

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Afton Oaks Houston Neighborhood Maps

Houston Properties

The neighborhood features renovated vintage and recently constructed homes. Recent constructions have added luxurious two- and three-story homes with the Mediterranean, French, Spanish, and traditional architecture. Newly constructed homes typically go from $1M to $3M. – 2017: Texas’ Most Influential Realtors.

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Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property [2021]

The Robert Weiler Company

And, it is a major development that the Columbus region should celebrate. But for commercial real estate developers, brokerage firms, and appraisers, there’s another story hiding in plain sight. This scenario is what many real estate developers face. Later, the building was repurposed as the Bosco Center until May 2017.

Appraisal 158
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A Solution For Fix-and-Flip Investors Facing Today's Tightening Housing Supply

Patch of Land

Patch of Land's CMO, Robert Greenberg, is a member of the Forbes Real Estate Council and recently shared his thoughts on new development opportunities for Fix and Flip investors. See what Robert has to say on why real estate investors are starting to look at new construction as an alternative to renovating properties.