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What it’s like originating reverse mortgages in Montana

Housing Wire

That can be a challenge if they live in an unusual or uniquely constructed home, or if they live on a vast stretch of land with few neighbors. He joined the mortgage industry in 1990 and transitioned to the reverse channel in 2002. Home values and vast acreage Home values can also vary wildly.

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

Housing Wire

million new minority homeowners when the president launched the Blueprint for the American Dream in 2002. Less demand for homes will cause home values to drop in many neighborhoods. New construction, resales, refinances and home improvements account for approximately 16% of the U.S. GDP, roughly $3 trillion.

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

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How to Reduce Appraisal Revision Requests

Appraisal Today

The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. How Grocery Store Locations Impact Home Values. The average value for homes near a Whole Foods is $891,416, and $321,116 for homes near an ALDI. Excerpts: Built 1990 | 6,106 Sq. 5 Beds | 5.5+

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Practical Tips for Working With AMCs

Appraisal Today

Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase home value by 1.6% value to property. in a non-coastal flood zone.