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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021.

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HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. A senior HUD official said that updating its 203K program to make it more usable is a “high priority.”

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“Human infrastructure” is about jobs and housing

Housing Wire

This multiyear project goes beyond renovation. They enjoy attractive homes, open spaces, access to transportation and services, and most of all, a sense of pride and hope. It’s revitalization that’s changing the neighborhood, the lives of its residents and the workers performing the construction.

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How Much Is Your Home Worth? The Intricacies of Determining Property Value

Realtor

Instead, property value is determined by everything from the year your home was built to its proximity to transportation to the number of bedrooms. ” So homes with recent renovations or newer builds will automatically have a higher appraisal value. So here are the little-known facts that go into determining property value.

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The Intersection of Eco-friendly Practices and Efficient Plumbing Systems

Cleveland Appraisal Blog

Before you embark on a complete bathroom renovation, take heart. Regular inspections are important to catch plumbing issues and maintain an efficient plumbing and water transport system. However, you’ve got a clogged drain with who knows what kind of sludge and your water bill hasn’t decreased at all.

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Understanding Appraisal Factors That Impact Home Sales: Insights for Real Estate Agents

Birmingham Appraisal

Location: The neighborhood, proximity to amenities, schools, transportation, and desirability of the area significantly impact a property’s value. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Renovation loan assessments. Local amenities – how close is the home to hospitals, schools, shops and public transport corridors? Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Mortgage financing and refinancing.

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