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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The White House estimates that this “will raise an additional $3.79

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All the ways the wildfires could make LA housing more expensive

Housing Wire

And landlords are already smelling an opportunity to raise list prices, despite laws designed to prevent that. Proposition 13 caps property tax increases at 2% annually unless theres a change in ownership or new construction, in which case the valuation resets its current market value.

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The Fed pauses its rate hikes for now, will it last?

Housing Wire

Raising interest rates is designed to tackle those still-high prices outside of the volatile food and energy sectors. Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. Inflation picked up to 3.7% Core inflation—which excludes food and energy costs—rose 4.3%

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The Challenges of Appraising Multifamily Properties

Appraisal Buzz

This tactic uses the land’s price, plus the construction fees and minus depreciation. If you can’t find comparable buildings in the designated area, you should use the income approach to assess the property’s value. There should also be at least a few similar features, although that’s not necessarily a must. The Income Approach.

Appraisal 397
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Build-for-Rent Trend Not Slowing Down

Appraisal Buzz

But a now sizeable share of single-family homes are purpose-built single-family rentals according to recent construction data. According to Apartment List, single-family rentals are typically operated by a mom-and-pop landlord or a small institutional investor.

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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

That reality appears to have helped convert more than a few fix-and-flippers to the role of short-term landlords in the SFR market. The National Association of Home Builders estimates that 69,000 BFR homes started construction last year, up 33% year over year. That estimate includes only homes built by builders and held for rent.

Investors 448
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Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. Renters are outpacing the construction of industrial units and warehouses. Ask your current landlord. What landlord will turn down money in advance? One way to make this happen is with rent pre-payment.

Landlords 144