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Renovation loans get pandemic boost as homeowners want home offices

Housing Wire

There’s a mainstay in mortgage finance poised to help in working from home. The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. It allows for actual home improvements to complement contemporary lifestyles.

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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. GDP, roughly $3 trillion. For decades, the U.S. Decades ago, U.S.

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The Atlanta 2023 Housing Market "at the Half"

Hank Miller Team

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. Despite continuous caterwauling from the MSM about a crash, home prices around greater Atlanta haven't really moved from a year ago. In fact, some market are ahead of those record highs of '22.

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Home Appraisals for Rental Properties

D Fritz Appraisals

A homeowner might do this because the housing market is struggling, and they’re concerned their home’s value has dropped. Finally, you’ll need to speak to your insurance company. Switching from your current house insurance to rental insurance will likely increase your rates. Mortgage insurance.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

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How Remaining Economic Life Works

Cleveland Appraisal Blog

Once we know how much the home costs to replace, we can extract a percentage of how much the home improvement has depreciated. Let’s say that in this example, the home that sold for $500,000 has a replacement cost of $425,000. If that is the case, the home’s improvements have depreciated approx.

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Success with Relocation Appraisals: Key Strategies

AmeriMac

Additionally, the housing market is constantly changing, and the value of a property can fluctuate significantly over time. A relocation appraisal takes into account the current market conditions, comparable sales, and other factors to provide an accurate opinion of the anticipated sales price.