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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. According to Zillow , the average home price in the Emerald City is currently $884,828 , up 4.3% year over year.

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Why HELOCs are growing more popular

Housing Wire

HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases. Additionally, 65% of the total respondents are currently planning or have plans to renovate their homes within the next two years.

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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Renovating to modernize can add to the long-term cost of a resale home. Both options have their advantages and drawbacks.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Inventory 435
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Relocation Trends for Buyers in 2022

Appraisal Buzz

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Millennials Still Prefer Renovating. More Second Home Purchases. 2021 to Jan. Greater Demand for More Space.

Buyers 370
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The non-QM outlook for 2022

Housing Wire

As we look forward to 2022, the non-QM market is predicted to grow substantially. There are a few market factors contributing to this expected growth for the non-QM sector. The housing supply constraints on the market also open up a few opportunities for non-QM growth. Refinance decline. How Acra Lending can help.

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Homepoint looks to match broker partners with builders

Housing Wire

. “We strongly believe that mortgage brokers can provide builders with a more efficient process, better technology, market and project risk analysis via our Level Tech platform.” ” Homebuilder confidence in April fell for the fourth consecutive month due to persistent supply chain disruptions and a slowdown in sales traffic.