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What to Know About Home Renovations in 2023

Lamacchia Realty

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

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What to Know About Home Renovations in 2022

Lamacchia Realty

HOME RENOVATIONS IN 2022. It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations world is no different. From supply chain delays and stoppages to inflation, home renovation and even new construction projects are feeling the impact. Supply Chain Issues.

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Relocation Trends for Buyers in 2022

Appraisal Buzz

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Affordability remains an issue for younger buyers who haven’t yet saved enough money.

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Investor + Flippers Guide to FHA Flipping Guidelines

Listing Spark

FHA loans are becoming an increasingly popular option for buyers all across the home market. The FHA has put protections in place that help buyers navigate potentially predatory scenarios, especially house flippers who provide cosmetic finishes that cover up more costly structural and safety issues in a home.

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Potential Costs Tied to Selling a Seattle/King County House in 2022

Will Springer Realtor

Discerning buyers will know when a home has been left to, well, age gracefully. Surveys have shown that buyers tend to focus on the condition of the kitchen – including the age of appliances – and bathrooms (among other factors) to determine whether they wish to make an offer. Looking to change out the tub and tile in a full bathroom?

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What Will It Take to Solve the Housing Crisis? 

Appraisal Buzz

In 2021, more than 90% of builders reported backlogs and supply scarcity. COVID-19 caused breakdowns in the supply chain and labor shortages. Pent-up housing demand, low-interest rates and new buyers have also added to the crisis. Fewer occupants can pay with cash — and credit is tight for first-time buyers.

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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

The supply chain, already strained, may come under renewed pressure with threats to shipping lines and air travel. Similar fears exist for the energy supply, equity markets, currencies, electric and internet grids, and defense of nations aligned against Russia. Most home buyers focus on the direction of interest rates. “It’s