Housing Wire
MAY 8, 2023
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.
Lamacchia Realty
SEPTEMBER 21, 2021
The Lamacchia Development and Property Management team is pleased to promote Angela Ravesi to Manager of LD and LPM! Angela Ravesi became a REALTOR® at Lamacchia in April 2018 and in May 2019, she transitioned to the role of executive assistant to Mike McGrory, VP of Property Acquisitions and Development. Angela Ravesi.
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Housing Wire
OCTOBER 20, 2022
To help put the impact of the pandemic fever dream in perspective: the average purchase discount at foreclosure auction in Q3 2019 was 21%, nearly twice the discount in Q1 2022. 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.
Housing Wire
OCTOBER 15, 2020
“We still have vacancy and blight issues but they are not crippling as they were a decade ago,” said Ian Beniston, executive director at the Youngstown Neighborhood Development Corporation (YNDC), a nonprofit community development corporation in Youngstown, Ohio. When we began a decade ago there was much more blight.
Housing Wire
FEBRUARY 18, 2021
Four renovations to consider before selling your house. Biden plans on creating legislation to develop a strategy for inclusionary zoning, as proposed in Senator Cory Booker’s 2019 HOME Act. The plan requires developers to set aside a percentage of units to be rented or sold at reduced prices.
Housing Wire
APRIL 27, 2023
These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices.
Housing Wire
JULY 21, 2021
“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
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