article thumbnail

The worst for mortgages may be over, but younger borrowers still face affordability challenges

Housing Wire

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. If home prices and lending costs moderate in 2024, significant demand could flow into the market.

article thumbnail

What the Biden tax plans mean for the housing market

Housing Wire

Adding in the Medicare tax on investment earnings, the top capital gains rate would increase to 43.4%. As part of the AJP, the administration is proposing to invest $213 billion in affordable housing. The proposal would also eliminate the stepped-up basis of assets at death, increasing the taxation of intergenerational businesses.

Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Ways to Prevent Conventional Loan Appraisal Revisions

Clear Capital

With so much at stake, a credible appraisal report with the appropriate comparable sales is key to determining the market value of a property and protects the investment of the parties involved in the transaction. When choosing comparable sales, bracket the location or view . Location, location, location. 1 is location, No.

article thumbnail

Appraising Fixer Uppers

Appraisal Today

The terms “entrepreneurial incentive” and “entrepreneurial profit” are typically discussed in terms of investment property, but the principles involved can also be applied to the many fixer-uppers—whether the buyer is a “purely investor type” or an “owner occupied investor type.”