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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

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HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. billion manufactured home purchase mortgages in 2021, according to HMDA data.

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Investor Insights: How to Thrive in CRE Amid Challenging Market Conditions

Appraisal Buzz

Meeting their mortgage and investor obligations will be difficult for these aggressive operators. Many current sellers have begun a renovation but have run out of money prematurely as inflation has caused cost overruns and capital is less available to fund shortfalls. Some will make it. Many will underperform.

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All you Should Know About HOAs in Florida

Lamacchia Realty

Along with the association rules and regulations you’re required to abide by, you will also likely need permission if you wish to renovate or make any changes to the property. Additionally, hiring a professional moving company will aid you in a lot more than just transporting your belongings.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Renovation loan assessments. Mortgage financing and refinancing. Local amenities – how close is the home to hospitals, schools, shops and public transport corridors?

Appraisal 110
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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.) Public transport locations. Properties that have undergone significant changes may no longer be useful for the CMA. Neighbourhood Features.

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The BC Housing Crisis: What’s Being Done To Help?

D Fritz Appraisals

A 2023 Leger poll found that 68% of British Columbians are concerned that they won’t be able to pay their mortgage or rent, and another 93% agree that increasing rental prices have become a serious problem. Let us appraise your new construction or renovation to ensure your lender financing is approved. Look no further than D.