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Top markets for affordable renovated housing inventory

Housing Wire

home price increase translated into a monthly mortgage payment of $1,179 on a median-priced home — not including property taxes and insurance. Renovated Inventory to the Rescue. On average, the price of the renovated properties was 3.5 Top Markets for Renovated Inventory. Among 75 U.S. in Las Vegas.

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Homebuyers say they are willing to accept longer mortgage terms

Housing Wire

The goal of the survey was to highlight how market trends can reshape the mortgage market in 2025. Other issues mentioned include down payments, property taxes and maintenance costs. Consumers also said they were willing to tackle renovation costs if it meant achieving homeownership, according to the survey.

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Fix-and-flip investors say they’re discouraged by higher mortgage rates, home prices

Housing Wire

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. An index score above 50 indicates market expansion, while a score below 50 indicates contraction. ”

Investors 430
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CFPB rule applies mortgage protections to clean energy loans

Housing Wire

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

Mortgage 395
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Gross Profits on Home Flips on the Rise 

Appraisal Buzz

Profits and profit margins rose slightly in 2024 on typical buy-renovate-and-resell projects, but margins remained at one of their low points over the past decades, as investors continued struggling to take advantage of the nations housing market boom. Click here for more on ATTOMs analysis of 2024s home flipping market.

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Non-Mortgage Homeownership Costs Shock First-Time Buyers

Appraisal Buzz

While some homeowners prioritize their mortgage payments, those who are not financially prepared may face significant challenges due to other essential and frequent expenses such as homeowners insurance, property taxes, utilities, repairs, and maintenance. Census Bureau.

Buyers 335
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Seattle documents renovation programs, tax relief for aging in place

Housing Wire

The Seattle area is a hot housing market. But a nonprofit organization in the Seattle area is seeking to help more seniors renovate their homes to age safely. And a state property tax relief program recently raised its maximum income threshold to allow more Puget Sound-area seniors to qualify. year over year.