article thumbnail

HUD announces final rule to protect against flood risk

Housing Wire

“This rule strengthens standards by increasing elevations and flood proofing requirements of properties in areas at risk of flooding, where federal funds are used to develop or provide financing for new construction within the now defined FFRMS floodplain,” HUD explained. “It

Insurance 330
article thumbnail

Foreclosures are rising, but it’s not yet alarming

Housing Wire

The impact of tax and insurance liabilities There are some growing concerns stemming from inflation and the rising costs of property taxes and insurance premiums, which may be problematic for some households, particularly older Americans with fixed incomes. creating chaos in property insurance markets.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Opportunities to improve the home-building process

Housing Wire

And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Opportunities to innovate.

article thumbnail

Rural America is losing affordable housing at a crisis pace

Housing Wire

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. The legislation would provide several tools to help stem the loss of Section 515 affordable-housing in rural America.

Tenants 463
article thumbnail

HW+ Member Spotlight: Mark Jones

Housing Wire

In most markets in America today, homebuilders can’t profitably construct starter homes that are affordable for most first-time homebuyers. Mark Jones: FHA needs to slash its Mortgage Insurance Premium (MIP) and end life-of-loan insurance coverage. The other theme is housing affordability.

article thumbnail

Clear Capital’s ClearInsight app named ‘Property Valuation Tool of the Year’ in 2021 PropTech Breakthrough Awards

Clear Capital

Clear Capital , a real estate valuation and analytics fintech leader, today announced that its ClearInsight app was named “Property Valuation Tool of the Year” in the inaugural 2021 PropTech Breakthrough Awards. August 30, 2021 —. About Clear Capital. For more information, visit PropTechBreakthrough.com. Media Contact. 888-550-6385, ext.12.

article thumbnail

Is the title industry on verge of the “Great Redeployment”?

Housing Wire

The title insurance industry is built on service. The tools of engagement. For the title agent (or business owner) to construct a proactive retention effort, it starts with attitude and buy-in. We will soon find out. That’s not something that can simply be delegated to the human resources department.