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Home inspector sees interaction from baby boomers, aging in place and reverse mortgages

Housing Wire

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. But one impact that Cook has observed in his own business at least anecdotally is an apparent mistrust that older buyers have for new construction.

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CoreLogic integrates CAL FIRE inspection data

Housing Wire

The firm announced Friday that it is incorporating Public Resource Code (PRC) 4291 inspection data into its WFMS. Typically, insurers obtain proof that a property has passed inspection from the policyholder. Started in 2016, the inspection database is maintained by the California Department of Forestry and Fire Protection (CAL FIRE).

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The 11 do’s and don’ts of buying a new build

Housing Wire

Navigating the home buying process often begins with deciding between a new build or an existing homeand while new construction offers exciting possibilities, it also comes with unique challenges. New builds come with builder warranties and construction quality may vary due to labor shortages, and delays can occur.

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UWM rolls out construction-to-permanent loans

Housing Wire

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

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Modular Housing as an Alternative to Traditional Homes

Appraisal Buzz

While the offsite construction process has been around for decades, it has yet to be adopted as a mainstream way to generate high-quality housing supply at scale,” said Sean Dobson, Chairman, CEO and CIO of Amherst Group. we think modular construction is an important part of the solution. Amid ongoing supply constraints in the U.S.,

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Appraising New Construction: Guidance for Follow-Up Inspections

Appraisal Buzz

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. The post Appraising New Construction: Guidance for Follow-Up Inspections appeared first on Appraisal Buzz.

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Sunshine State Condo Trends

Appraisal Buzz

After the 2021 Surfside condo collapse, Florida enacted a law requiring inspections for buildings three stories or taller once they reach 30 years old. Inland Florida Leads in Condo Inventory Gains With rising HOA fees and looming inspections, some inland condo owners are opting to sell. Condo inventory in inland Florida surged 37.5%

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