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HUD awards more than $40M in housing counseling grants

Housing Wire

Department of Housing and Urban Development (HUD) on Tuesday announced that it is making $40.25 Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. million available to support housing counseling services for homeowners, homebuyers and renters.

Design 358
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With low inventory, house hunters are in full safari mode

Housing Wire

The Leading Indicator of Remodeling Activity, or LIRA, a measure developed by Joint Center for Housing Studies at Harvard University , seems to support Mohan’s assessment, showing that year over year “expenditures for home improvements and maintenance will post a modest decline of 2.8% through the first quarter of 2024.”

Inventory 452
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With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

Whether it’s creating a safety net in case of emergencies, funding home improvements, covering healthcare costs, or simply freeing up cash in order to have financial peace of mind, a reverse mortgage delivers critical relief and greater financial flexibility for older homeowners and homebuyers.

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Pushing Harder for Reducing Our Carbon Footprint in the Home

Will Springer Realtor

Fun fact: When comparing the overall median sales price of a home sold in Western Washington in 2023, the Northwest Multiple Listing Service reported residential properties with a green certification sold for 20% more – $740K vs. the non-certified home sale of $591K.

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How Remaining Economic Life Works

Cleveland Appraisal Blog

Therefore, for each sale, we must develop a reliable opinion of the value of its land. Once we deduct the land value from the sales price, what remains is the depreciated cost of the home. Say a comparable home just sold for $500,000. If that is the case, the home’s improvements have depreciated approx.

Appraisal 365
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Product Certifications for Sustainable Homes

Will Springer Realtor

Developed by the Environmental Protection Agency (EPA), Energy Star is the most widely recognized rating and informs people about the energy use of their favorite appliances and devices. Then you have another commonly seen certification – green-friendly Leadership in Energy and Environmental Design, better known as LEED.

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Fannie Files Complaint Against Appraiser

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! The Unique Mountain House in Nevada City, CA listed for $3.3 Forest Service on three sides.