Housing Wire

MARCH 6, 2024

Should mortgage rates fall, demand for residential real estate would increase, encouraging buyers who had been waiting on the sideline to move forward with home purchases,” according to the Beige Book. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%.

Mortgage 373

Mortgage Real Estate Inventory Construction 373

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. The appraisal was ordered by an AMC on behalf of a lender.

Appraisal 72

Appraisal Design Contracts Inspection 72

Will Springer Realtor

JULY 25, 2023

Here are several suggestions on where you can make a difference in and around the home and the potential costs, according to the Remodeling 2023 Cost vs. Value Report : Kitchen Arguably the most important room in the home, the kitchen can start to look dated after 10 years of use. Styles and tastes change.

Renovations 36

Renovations Investing Buyers Construction 36

Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

Sellers 36

Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

APRIL 11, 2022

What does it mean to buyers? The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. “The higher rates could also discourage investor activity, which accounts for a large portion of home sales today.”

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

MARCH 14, 2022

Most home buyers focus on the direction of interest rates. It’s very likely that these reductions are temporary, but since they’re happening as the spring home-buying season is kicking off, they provide a bit of a financial cushion for buyers – especially first-time buyers.”.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

NOVEMBER 29, 2022

Failing to account for construction costs (see below). Not reporting home upgrades to the insurer – Forgetting to tell the insurer about the new garage door for a home is one thing but not mentioning that the garage was converted into a fully finished room is another. The post Is Your Home Fully Insured Against Loss or Damage?

Insurance 36

Insurance Construction Finance Home Improvement 36

Will Springer Realtor

JULY 9, 2021

In addition to “more space,” prospective buyers were on the hunt for a quiet location (28%) and updated kitchen (25%), as the chart notes. THE ROI OF HOME RENOVATION. I am often asked by sellers what home projects should they address to get the highest return on investment. They are often surprised by my answer.

Buyers 36

Buyers Development Transportation Inventory 36