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FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

The modern kitchen features wide-board pine floors and lots of windows to soak in the natural light. One of the most quoted experts on housing markets, Jonathan Miller of real estate appraisal company Miller Samuel, won an unusually large 30-way bidding war for a Connecticut house built in 1755.”

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What Impact Will the Infrastructure Bill Have on the Housing Crisis?

Appraisal Buzz

The infrastructure upgrades inside the bill could significantly impact some of the housing market’s problems. The Current Housing Crisis. In the past few years, home prices have risen to the point where we are in another housing crisis. In 2020, 30% of all households had “unaffordable” mortgage or rent payments.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Many residents struggle to find and keep a home that they can afford, accentuated by soaring housing prices since the start of the pandemic in 2020. Researchers for Harvard University’s Joint Center for Housing Studies claim the median price for a single-family home in King and Pierce counties combined was 7.3 shy of the need.

HOA 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Almost since the start of the pandemic, homeowners have been spending more time enjoying their low-financed houses and condos. They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer.

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PARKING AND THE IMPACT ON CLIMATE CHANGE

Will Springer Realtor

That’s what the people behind The Emerald condo did when it opened in 2020. A builder could also agree to install more bike storage or pay a fee-in-lieu to fund public parking and transportation infrastructure that serves the entire neighborhood. The spring housing market will include a trio of indicators – all rising.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. cities to determine the fastest-rising housing markets and two in our area ranked in the Top 25.