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Top markets for affordable renovated housing inventory

Housing Wire

Renovated Inventory to the Rescue. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction. Top Markets for Renovated Inventory.

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The renovation ripple effect in underserved neighborhoods

Housing Wire

According to public record tax assessor data, all four are now also owner-occupied “I’m trying to establish our community again,” Morgan said, noting the extensive renovations he does before reselling the homes to retail buyers. I’m trying to make homes in certain areas livable again. I can’t just be a part of that problem.

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FOA lowers rate, expands HomeSafe Second reverse mortgage into new states

Housing Wire

It “empowers financially secure homeowners to tap into their home equity for meaningful pursuits — be it renovating their living space, funding a child’s education or buying a second home,” she said. Recent history HomeSafe Second was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

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Seeking a Cap on Rent Hikes

Appraisal Buzz

It would include an exception for new construction and substantial renovation or rehabilitation. Tenant advocates have been fighting Costa-Hawkins for years, as they tried to overturn it with ballot measures in 2018 and 2020. Only seven states and Washington, D.C. currently have state or local rent control policies in place.

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Home inspection startup PunchListUSA raises $39 million in Series A

Housing Wire

PunchListUSA has now raised more than $49 million in equity capital since its inception in 2018. . PunchListUSA plans to use the funding to invest in proprietary technology to create instant repair and renovation estimates and open offices, which it aims to expand footprint to more than 30 markets through 2023. . ”We

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These markets are attracting the most out-of-state real estate investors

Housing Wire

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. The 30% of purchases going to out-of-state buyers in Allen County so far in 2020 is up from 21% in 2019 and 11% in 2018. That was up from 20 percent in 2019 and 50 percent in 2018.

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Movement Mortgage names Joe Thompson as regional director

Housing Wire

Thompson, recognized as a HousingWire Rising Star in 2018 , will oversee more than 60 loan officers across Texas , Oklahoma and New Mexico. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 448