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New builds drive surge of more than $2.6T in housing market value

Inman

The value of U.S. Gains were driven in large part by an increase in new construction. housing has reached a new peak of slightly under $52 trillion in the past year and is up 49 percent from the start of the pandemic, according to Zillow.

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Can New Construction Sales be Used in an Appraisal of an Older Home?

Birmingham Appraisal

They wanted to know if it was okay to use new construction sales in an appraisal of an older home. Then, we put all this information together to come up with our professional opinion of the market value. The cost approach is most relevant for new or like new construction.

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Can a New Construction Sale be Used as a Comp for an Older Home?

Birmingham Appraisal

They wanted to know if it was okay to use a new construction sale as a comp for an older home. Then, we put all this information together to come up with our professional opinion of the market value. The cost approach is most relevant for new or like new construction.

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To spur affordable housing, the federal government is selling land for dirt cheap

Housing Wire

Department of the Interior announced this week its plans to arrange the sale of federal land to the State of Nevada in an effort to spur construction of affordable housing units in the Las Vegas metropolitan area. Additional authority is established in a specific section of the law since the land is being sold well below fair market value.

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The Loan Officer’s Guide to Appraisals Part 9: New Construction

Riverfront Appraisals

This month’s blog post will be all about new construction appraisals. The post The Loan Officer’s Guide to Appraisals Part 9: New Construction appeared first on Riverfront Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process.

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Florida school district to build housing in effort to fill teacher vacancies

Housing Wire

Rent for the remaining 112 units in the complex will be priced in line with the current market value, with rent estimated to vary between $2,156 and $2,771, the district said. “Rent for those units will range between $1,263 and $2,160, according to a news release from the school district.”

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How Biden’s Neighborhood Homes proposal impacts real estate investors

Housing Wire

The goal is to support rehabbing or constructing homes at scale, so we could potentially see comprehensive community revitalization projects that affect 50, 100, or even more units.”. of the property’s 2021 estimated market value (assuming good condition), but the subsequent resale price was 101.2%