Remove Construction Remove Development Remove Inventory Remove Modernization
article thumbnail

3 mortgage industry trends that will define the rest of 2021

Housing Wire

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

Mortgage 512
article thumbnail

What’s Happening With the Nation’s Housing Inventory?

McKissock

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns. Why Is U.S.

Insiders

Sign Up for our Newsletter

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

article thumbnail

June Newsletter-Easing Off the Pedal

DW Slater Company

They had simulators that you sat in and gave you all kinds of tests to develop your defensive driving skills. Another thing to watch is new construction. Builders have been trying to build new homes to meet the demand but there have been delays due to supply chain issues and cost of construction. Month’s Supply of Inventory.

article thumbnail

Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 403
article thumbnail

Why Appraisal Workfiles Are Important

Appraisal Today

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs. One is: Settlement with loanDepot.com. built in 1825 Excerpts: 8 bedrooms, 5.5+

article thumbnail

When & How do Appraiser’s Adjust for Age?

Cleveland Appraisal Blog

So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality. Of course, a ten-year old kitchen is going to have some wear and tear from use. They may replace the flooring and lighting. The same is true with bathrooms.

Appraisal 223
article thumbnail

Home Renovations in 2021

Lamacchia Realty

City and town offices were ordered to shut down at the beginning of the pandemic causing delays for attorneys who need municipal certificates, mortgage companies were extremely backed up due to the low rates which caused a litany of refinancing applications, and extremely low inventory and high buyer demand flipped the market upside down.