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First-time buyers need to earn $64,500 to afford a typical starter home

Housing Wire

year over year, and Phoenix buyers must earn $86,100, down about 1%. Florida is the state where the income necessary to buy a starter home has risen the most The biggest uptick of the 50 most populous US metro goes to Fort Lauderdale, Florida. to $925,000), Sacramento, CA (-7.3% to $417,000) and Oakland, CA (-7.3%

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Hope Through Housing uses MLK Grant to fund after school programs

Housing Wire

As people across the country celebrated MLK day on January 16th, Greg Bradbard, president of Hope Through Housing, sat down with HousingWire to talk about the impact the grant will have on his organization and the affordable housing community at large. HousingWire: What can you tell us about the mission of Hope Through Housing?

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Opinion: Covid helps green the building industry

Housing Wire

Without establishing these boundaries to separate work and personal time, the pressures of home and work-life stresses can lead to burnout, overwhelm us emotionally and ultimately compromise our immune systems. We all know about plug loads creating excess electrical demand and occupant behavior putting wear and tear on home operating systems.

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Will rising interest rates impact VA loans for first-time homebuyers?

Housing Wire

Our scratch pad calculations tell us that if interest rates continue to climb, we might see a lower VA FTHB volume of around $58 billion in 2022. The top five states for Veterans who were first-time home buyers and used VA purchase loans to buy homes were TX, FL, VA, CA, and NC – Figure 4. .

Buyers 383
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Functional Obsolescence for Appraisers

Appraisal Today

I always wonder about what appraisers from tract home areas think about Victorians. I’m trying not to think about how many listings have an incorrect number of bedrooms! Modern Masterpiece in Carmel, CA, for $9M Excerpts: 2 bedroom, 2 bath, 1,992 sq.ft., I assume (hope) they ask local agents. 4,000 sq.ft.

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USPAP Myths for Appraisers

Appraisal Today

Appraisers and the public have traditionally held several misconceptions about USPAP, and these changes should help to dispel some of those myths. Many thanks to Dan Bradley for writing about the 2024 USPAP changes. To read more about the 4 ways, plus information on why I take ads, etc. Excerpts: 4 Bedrooms, 4.5

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Appraisers: Be Careful with Your Words

Appraisal Today

by Dave Towne Excerpts: Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports. I wrote about the July 17 Freddie announcement in this newsletter’s June 16, 2023 issue.