Remove 2019 Remove Construction Remove Inventory Remove Renovations
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Housing Inventory in Atlanta Will Not Jump in 2023

Hank Miller Team

Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. Atlanta Housing Inventory Everything must be kept in context. Renovations – Cooped up in their homes, renovations and updating became a thing to do. Some markets remain in flux, others have started to level off already.

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How LOs are dealing with a mortgage rate lockdown

Housing Wire

This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. Addressing a shortage of inventory is a serious concern, especially as fall and winter approaches when total inventory traditionally drops. million, below the 2019 range of 1.52

Mortgage 395
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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 415
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When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

For instance, a thirty-year old home may have an effective age that is the same as a fifty-year old home, if the fifty-year old home has been renovated to a degree that is comparable to the younger home. Birmingham Real Estate: 2019 vs 2020 – Birmingham Appraisal Blog. Why Comp Photos in Appraisals? – APPRAISAL TODAY.

Appraisal 223
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Opportunities to improve the home-building process

Housing Wire

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. Construction has traditionally been slow to pick up new technology compared to other industries.

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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. It remained way below the 44.6% hit in the second quarter of 2021.”

Investors 395
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How Biden’s Neighborhood Homes proposal impacts real estate investors

Housing Wire

“The first house I rehabbed last year, it was a house that had fire damage in the kitchen, and it was just kind of an eyesore on a nice quiet street,” said McCormick, who said she purchased the home for $25,000 and then put $65,000 into renovations before selling to an owner-occupant buyer for $134,000. “It of the 2021 estimated market value.