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With low inventory, house hunters are in full safari mode

Housing Wire

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? through the first quarter of 2024.”

Inventory 488
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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Residential construction costs started to moderate this period.

Mortgage 448
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Lawmakers introduce affordable manufactured housing community bill in House, Senate

Housing Wire

Cortez Masto’s bill would make the PRICE program permanent and provide funding for home improvements and neighborhood upgrades for eligible Americans on an annual basis. I’ll keep working with my colleagues to address the affordable housing crisis and keep families in their homes.”

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The labor market showed signs of modest cooling in July

Housing Wire

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. The ongoing shortage of housing inventory helped spur an increase in home building and home improvement activity, Kan said.

Marketing 366
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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

Evergreen topics might include: how to prepare to list your house, everything your client needs to know about VA loans; or which home improvements yield the best financial return in a home sale. Youll want some evergreen content you can pull from for your real estate newsletters.

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Home Improvements: What counts towards the appraisal?

Padove Appraisal Service

I am often asked which home improvements “count” towards the appraised value of a house. Many people envision a list of improved items with predetermined relevancy, along with a specific dollar value assigned to each of those items. This is never an easy question. There are many items that comprise the totality of a house.

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Tips for Increasing Your Home’s Value Without Spending a Fortune

Cleveland Appraisal Blog

The materials used in the construction and decoration of your home are also extremely important because they determine how structurally sound your property is, how it’s going to last over time, and how much maintenance it’s going to require. Again, there is not much you can do about construction materials. Materials used.

Appraisal 251