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DataDigest: Will work for housing

Housing Wire

That’s a problem when a typical Colorado home – as defined by Zillow ‘s Home Value Index – costs more than $528,000. When teachers can’t afford to buy homes, school districts can’t hire teachers. So who is solving housing affordability for these workers?

Landlords 429
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Various Shades of Buyer Representation

Eppraisal

When interviewing for a real estate agent to help you purchase a home, be sure to ask them what type of buyer representation they are going to provide to you. There are multiple types of buyer representation with differences in what they entail. Many states allow this type of dual buyer representation.

Buyers 36
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Single-family rental market slammed by headwinds

Housing Wire

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . That includes rentals owned by so-called mom-and-pop landlords — with 10 or fewer properties.

Marketing 400
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How Commission Works with Sellers and Buyers

Eppraisal

With home values rising over the past few years, commission amounts have been going up even though the percentage may have gone down. Most real estate brokerages charge you the full amount of commission due for both their listing services and for the buyers' brokerage services. Some companies charge a flat fee.

Sellers 36
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Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed

Eppraisal

If the lot is zoned for commercial use, they do well to develop it as a retail space or other business, and later serving as the landlord. By contrast, a homebuilder acquires raw land to build on and sell when home values are high. Having a detailed survey prepared demonstrates a desire to deal honestly with buyers.

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Mom-and-pop investors are fueling the PLS market 

Housing Wire

In addition, there has been increased activity in the separate category of investor-loans for rental properties — essentially “mom and pop” landlord properties. “We If higher mortgage rates dampen consumer demand, this lessens the competition investors face for home purchases.”. “We’ll continue to watch this trend as it develops.”.

Investors 287
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What to Do When You've Been Outbid for Another Home

Eppraisal

It's no secret the real estate market is super hot right now and the demand for homes is high. There are more buyers than homes available for sale. Buyers are finding themselves in multiple offer situations which means many are being outbid for homes, often more than once.