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Seattle documents renovation programs, tax relief for aging in place

Housing Wire

But a nonprofit organization in the Seattle area is seeking to help more seniors renovate their homes to age safely. The COVID-19 pandemic provided a boost to the organization’s funding for a time, but that also arrived in concert with a supply chain shortage that saw the cost of materials increase significantly.

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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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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Supply chain issues and other factors can raise national interest rates. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Prioritize new construction loans: Address the housing supply gap with ground-up construction solutions.

Mortgage 315
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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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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

Upgrades and add-ons, unforeseen delays due to weather, supply chain issues or labor shortages, and expenses like landscaping and fencing not included in the builder’s cost can significantly affect the final price. Renovating to modernize can add to the long-term cost of a resale home.

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Relocation Trends for Buyers in 2022

Appraisal Buzz

Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. Millennial homeowners led the way, with 75% of them renovating between 2020 and 2022. Greater Demand for More Space. Remote work has also impacted homebuying habits.

Buyers 370
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The non-QM outlook for 2022

Housing Wire

New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Fix and flip loans offer borrowers the ability to renovate and rehab older homes to make them more appealing to homebuyers once they’re placed back on the market.