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Opinion: Pass the Neighborhood Homes Investment Act

Housing Wire

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Investing 476
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HUD Appoints 11 to Housing Counseling Federal Advisory Committee

Appraisal Buzz

Department of Housing & Urban Development (HUD) has appointed 11 new members to its Housing Counseling Federal Advisory Committee. Sherri Eckles , who was appointed last year and serves as SVP of the Renovation and Construction Lending Programs at Norcom Mortgage, will also continue to serve on the Committee.

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Virtual staging: The best apps for 2025 + mind-blowing AI picks

Housing Wire

Its proprietary AI technology can also remove furniture, declutter listing photos and create realistic renderings of landscaping and exterior renovations. RoOomy is an excellent choice for luxury listing agents and real estate developers who demand high-quality two-dimensional virtual staging and Matterport virtual staging.

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These housing markets are most likely to correct based on foreclosure buyer behavior

Housing Wire

Prior to the pandemic, the average purchase discount at foreclosure auction had never dropped below 20% in any quarter as far back as nationwide data is available, Q1 2015. But the fever broke in the second quarter of 2022, at least for the local community developers who are the primary buyers at foreclosure auction.

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Seeing is Believing: How using computer vision can become a best practice for all loans

Appraisal Buzz

However, manual reviews of appraisals, property condition, renovation estimates, and more do not scale efficiently. Processing speeds have increased by a factor of 10 since 2015, to 1.9 This data can be invaluable for appraisers, ensuring that renovations and improvements align with market demands.

Valuation 368
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Home equity is the bright gem of the housing market

Housing Wire

Our previous best year for HELOCs was 2015, and that was about $320 million,” he added. HELOCs also are popular because the interest on the loans is tax deductible if the funds are used for approved home renovations. Toohig said Raymond James finished the year with some $1.1

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Value Scenarios. What is Market Value As Is and When is it Used?