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White House announces new housing initiatives to boost homeownership

Housing Wire

The White House on Monday announced a series of new initiatives designed to boost U.S. homeownership, alongside data detailing housing aid that has been provided since 2021. FHA is considering potential policy changes that could increase the funds available to borrowers to make renovations and repairs,” the announcement said.

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44 New Home Improvement and Renovation Statistics for 2022

Raleigh Realty

If you’re considering a home renovation, you might be looking for some insight on what other homeowners are doing. That’s why we’re rounding out some top home renovation statistics so you know what to expect from your next home improvement project. By the end of 2021, it reached $1,245.4

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Relocation Trends for Buyers in 2022

Appraisal Buzz

Mortgage rates dipped to record lows in 2021, then skyrocketed in early 2022. 2021 to Jan. Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. They need all the help they can get. Affordability Issues Will Persist.

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Purchasing a Home That Requires Renovations and Repairs

Lamacchia Realty

Because of this, many buyers going through the home buying process are becoming more open to a house that needs renovations. Purchasing a home that requires renovations and repairs might seem overwhelming, but with these tips, the process of purchasing a fixer-upper and making those first repairs is much more manageable.

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What Biden’s infrastructure plan does for housing

Housing Wire

Specifically, the plan calls for the construction and rehabilitation of over 500,000 homes in low- and middle-income areas. According to Biden, two million affordable homes and commercial buildings would be built and renovated over the next decade as part of the initiative.

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With low inventory, house hunters are in full safari mode

Housing Wire

trillion in mortgage originations in 2021. One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. Fannie Mae recently projected originations for 2023 at $1.59

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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.