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What’s a House Worth? Wall Street Turns to Drive-By ‘Appraisals’

Realtor

BPOs have been used to value collateral in the more than $20 billion of bonds sold by institutional landlords, such as Blackstone’s Invitation Homes Inc., Meanwhile, appraisers and Realtors say the quality of BPOs has deteriorated as the price for performing them has dropped to as little as $25 a house from $50 or more.

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What’s a House Worth? Wall Street Turns to Drive-By ‘Appraisals’

Realtor

BPOs have been used to value collateral in the more than $20 billion of bonds sold by institutional landlords, such as Blackstone’s Invitation Homes Inc., Meanwhile, appraisers and Realtors say the quality of BPOs has deteriorated as the price for performing them has dropped to as little as $25 a house from $50 or more.

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Financing proves an obstacle for ADUs

Housing Wire

housing shortage that the National Association of Realtors pegged at 5.5 Homeowners constructing an ADU – whose total build costs run over $150,000, according to the report – use cash out refinances, home equity loans, and renovation loans. Turnover is a huge expense for landlords and property managers across the world.

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