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Financing proves an obstacle for ADUs

Housing Wire

Accessory dwelling units are increasingly legal. Specifically, there is a high cost in constructing accessory dwelling units – or ADUs – which are secondary residences on a land parcel zoned for single-family housing. Presented by: TenantCloud. ADUs were legalized statewide in 2017. But are they affordable?

Finance 368
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Phoenix building restrictions squeeze construction firms and agents

Housing Wire

Under the new regulations, construction of new residential buildings can continue in areas that have a designated water provider since homebuilders and developers do not need an AWS certificate to obtain a building permit.

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A Log Home Valuation

Appraisal Buzz

The American Institute of Architects has estimated that 9% of “Custom Built” homes being constructed in the United States are of log home construction. Log Homes have an average construction cost of $450,000 per unit, which means that the Log Home Industry is a multi-billion dollar a year industry. Working Together.

Valuation 396
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Fix-and-flip lender Kiavi lays off 7% of employees

Housing Wire

Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . The lender was planning to offer construction loans but rising interest rates put a halt to that and forced Kiavi to issue pink slips. .

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The current REO market requires an expansion of services for business growth

Housing Wire

Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

Business 339
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Biden tax credit to rehab homes is finally unveiled

Housing Wire

HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. Presented by: Altisource. The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price. Streamline by combining services.

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Crypto and real estate awkwardly mingle in Miami

Housing Wire

There are traffic cones and foreboding construction signs outside the Miami Beach Convention Center and the doors are locked. The fintech industry has lacked the clarity needed to know how to comply with legal norms,” he said. The first ever Crypto Real Estate Summit is not totally accessible. For example, a home sale in St.