article thumbnail

Black Americans still face massive housing barriers

Housing Wire

The difference in appraisals has led to a $156 billion cumulative loss in value nationwide for majority-Black neighborhoods, the study claimed. A 2018 study from the Brookings Institute found that in the average U.S. The agency says the groups have pledged to create 3 million more Black homeowners by the decade’s end.

article thumbnail

Opinion: More can be done to shorten the average time to close

Housing Wire

Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex. Real estate will look different in 2030, perhaps even in 2024. But there’s also room for improvement. It doesn’t lend itself to a 24-hour cycle.

HOA 410
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Opinion: More should be done to shorten the average time to close

Housing Wire

The process of orchestrating the collaboration of lenders, appraisers, home inspectors, one or two real estate agents, a title insurance company and possibly others is complex. Real estate will look different in 2030, perhaps even in 2024. But there’s also room for improvement. It doesn’t lend itself to a 24-hour cycle.

HOA 396
article thumbnail

Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

Many appraisers believe that these green features, although expensive, add little value to the property, while potential buyers find these features appealing and valuable. This dichotomy between the perceived value of the property and the one reflected in the appraisal can lead to many issues when selling or refinancing.