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Amazon announces housing affordability pilot program with National Housing Trust

Housing Wire

Retail giant Amazon announced on Wednesday the launch of a new pilot program designed to assist moderate-income families in three different U.S. Amazon says the investment will “help moderate-income residents in these communities to purchase homes as a path to help build generational wealth.” and The Housing Fund serving Nashville.

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Tapping home equity in retirement has advantages and pitfalls: Harvard researcher

Housing Wire

“If you could use your home equity to make your life better — to buy hearing aids, for example — maybe that’s a good investment.” HUD issued $15 million grants in mid-2022 and early 2023 designed to help with health and safety home repairs for low-income seniors. . “But what constitutes an emergency?”

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How fix’n’flip loans could help expand housing inventory

Housing Wire

The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

Inventory 332
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10 ways to use virtual reality technology in your real estate business

Housing Wire

Real estate agents can utilize VR to create interactive and engaging platforms that allow buyers to navigate properties virtually, gaining a comprehensive understanding of their layout, design and spatial qualities. Enables agents to showcase various interior design styles to cater to the preferences of diverse potential buyers.

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With low inventory, house hunters are in full safari mode

Housing Wire

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace.

Inventory 456
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With Caliber Reconnect, brokers are alerted when their borrower is likely to refinance or purchase a new home

Housing Wire

“‘High tech – High touch’ is our mantra as we develop industry-leading tools and resources with a never-ending commitment to the relationships with our brokers and team members,” CEO Sanjiv Das said. Caliber offers a “triple play” of resources to help elevate a broker’s business. David Schroder, EVP, Third Party Originations.

Lending 382
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Opinion: The elephant in the real estate room? Lowballed appraisals

Housing Wire

The Brookings Institution summed it up well: “Today, downtown Detroit is nearly unrecognizable from previous decades, with new features such as the QLine streetcar system, a renovated Detroit Tigers ballpark, a riverwalk, and Campus Martius Park. Ultimately, this is a double-edged sword. How can we help Detroit and similar places?