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Opinion: 5 policy changes that can improve housing affordability

Housing Wire

Elected officials establish zoning and land use policies, and if those policies are going to become less restrictive, homeowners are going to have to embrace the idea of increasing the amount of affordable housing. Reform zoning and land use policies Zoning laws across the country need to become less restrictive and allow for greater density.

Land 473
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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

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Land sales haven’t been this strong in a decade

Real Trends

Land sales saw their best year in nearly a decade in 2021, according to the 2021 Land Market Report from the Realtors Land Institute (RLI) and the National Association of Realtors (NAR) released on Tuesday. The RLI defines a and transaction as one in which the value of the land is at least 51% of the value of the transaction.

Land 103
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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

The brief answer is that these government-owned homes become available anytime a purchaser defaults on an FHA-insured loan, sending the property into foreclosure. John Collinge , a multi-year top-producer awardee and 11-year top-selling real estate agent out of Anchorage, Alaska, suggests all HUD homebuyers have a cash reserve.

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Government Websites, Real Estate Agents, A Drive around the Block, And More Ways to Find REO Homes in Your Area

HomeLight

Here’s a riddle for you: What do government websites, real estate agents, and a drive around the block have in common? Real estate owned, or REO, homes are a result of the foreclosure process , which varies from state to state. They’re all great ways to find REO homes in your area. What is an REO home?

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12 profitable real estate niches to explore now

Real Trends

It can be difficult to predict what’s next in real estate, but one of the best ways real estate agents can protect themselves from dramatic fluctuations in the market is to find a niche. Another possible niche is buyers who need creative financing, such as rent-to-own financing or owner financing.

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Buying Foreclosed Homes for Dummies in 11 Steps Even You (Yes, You!) Can Do

HomeLight

Generally, lenders will take much less than top dollar for a foreclosure, which is good news for anyone looking to score a deal on real estate. Mary Stewart in Sugar Land , Texas, is in the top 1% of agents in her area for successfully selling homes. Is buying a foreclosed house for dummies a hack that would work for you?