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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. It remained way below the 44.6% level from the second quarter of 2022 and far beneath a recent peak of 60.8%

Investors 356
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How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. When the market is soft, buyers want the properties that are finished and ready to go.”. According to Chicago-based designer and builder Sebring , quartz is still the top choice, followed by granite and marble.

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FHA drafts guidance to expand financing on homes with ADUs

Housing Wire

The proposal is designed to offer additional flexibility for calculating market rent and using ADU rental income to help qualify for FHA-insured mortgage financing. “If The related financial obligations for HECM loans include property taxes, homeowner’s insurance and homeowner’s association fees, if applicable.

Finance 374
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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

off their 2022 high of 3.92% (the highest level since May 2019). Most owners will contract work out for major renovation projects while doing DIY work on replacing flooring, painting or improving outdoor space, the survey from LendingHome showed. Most notable, Senate Bill 5713 would provide a property tax exemption until Jan.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Washington state now (right) has less than 45% of all households able to afford the median priced home (as of 2019, when the state’s median figure was more than $100,000 less than today). POTENTIAL TAX SAVINGS. percentage points. million home sales.