Midtown Appraisal Group’s Post

The Rise of Build-to-Rent Communities: Addressing America's Housing Crisis 🏡 As mortgage rates continue to soar and housing supply dwindles, build-to-rent (#BTR) communities emerged, and are here to stay, as a viable solution. In 2023, the number of build-to-rent homes surged to over 27,000 new constructions, almost tripling from the 9,978 homes from 2021. Source: https://lnkd.in/eX_jrQxK #RealEstate #HousingCrisis #BuildToRent #RedRiverDevelopments

Tasmanians now have the opportunity to build or buy a new home with as little as a 2 percent deposit.   Under recent changes, the government will contribute up to $300,000 or 40 percent of the home's value, whichever is less. Additionally, the household income limit for buyers of new builds has increased by 25 percent, now set at $116,933 for singles and $134,475 for couples.   This initiative aligns with the ongoing efforts to support homeownership in Tasmania. As stated, "The Tasmanian government will continue doing everything possible to help Tasmanians achieve the dream of home ownership under our 2030 Strong Plan for Tasmania’s Future.   We will see how this plays out, as it could also lead to stronger owner-occupier areas compared to interstate investor-driven markets. Stay up to date with the market here on LinkedIn. #Invest #AustralianProperty #TasmanianMarket

Homebuyer affordability conditions are beginning to improve - ever so slightly, but trending in the right direction. https://lnkd.in/gdhfexbn #homebuyer #housingmarket #affordability #mortgagerates #realestate #titleindustry #titleinsurance #wfgtitle #realtalkkristen

How do we fix the housing market? Well, that might take a village! Check out this great article from Richmond magazine that tackles how private and public entities could come together to help: https://lnkd.in/e6ceGimp #mortgage #Mortgagetips #refinance #rva #mortgagerates #homeloan #loan #richmond #richmondva #housingmarket #loanofficer

Overall, 76% of Canadians who have purchased a home since 2019 say they don’t regret the decision at all, according to Wahi’s 2024 Homeowner Happiness Survey. While some homeowners are undeniably facing challenges today, there are a variety of reasons for them to feel confident in their decisions. While homeownership is not without its stresses; everything from financial pressures to maintenance issues; homeowners report a better quality of life than the renting set. Furthermore, one in three Canadians who bought a home with a partner say it improved their relationship. Buyers in Ontario; a province that has some of the priciest housing markets in the country; have the least regrets when it comes to the purchase of their home. #adrianamudron #realestaemarket #homeownerhappinesssurvey #noregrets #torontorealestate #kellerwilliams #kellerwilliamsreartor https://lnkd.in/eHXzCxDb

Are you looking to enter the Canadian housing market but struggling to afford a down payment? You're not alone. According to a recent survey by Zolo, 68% of Canadian home buyers used money from relatives to cover at least part of their down payment. Of those, 48% used money from parents or relatives, and 20% used money from an inheritance. The 2024 Canada Housing Market Report, which interviewed 800 Canadians who bought homes in 2023, also found that an increasing number of Canadians are pursuing co-ownership to pool resources and enter markets they otherwise would not be able to afford. The study found that 35% bought a home with either family or friends. It's a challenging market out there, but with creativity and support from loved ones, home ownership can still be within reach.

"What's been happening over the last 10 years is that the share of homes bought by first-time buyers has been declining, and their market share has largely been taken over by investors," said John Pasalis, president of #Toronto-based Realosophy Realty. #RealEstate #Investing #Mortgage #Housing #Realtor #property #REINCanada #Ontario #realestatebrokerage #investmentproperties #propertyinvestment #realestatedevelopment #internationalrealestate #propertyinvestors https://lnkd.in/gdZU324Q

How young people are coping with Canada's housing affordability crisis? Here are three real-life homebuying stories. Purchasing a home has long been framed as a straightforward, essential step on the so-called checklist of adulthood, but there is growing recognition of the many challenges associated with buying and owning a home in today’s hot real estate markets. Thanks to housing supply shortages and uncertainty around inflation and interest rates, home ownership is one of the most fraught decisions young people are juggling with today.

Understanding Shared Ownership vs Shared Equity 🏠 At Highlight Housing, we’re passionate about making affordable homeownership accessible for all. One of the most common questions we hear is: “What’s the difference between shared ownership and shared equity?” 🤔 Our latest blog breaks it down for you, covering: ✅ What each scheme means ✅ How they work ✅ Key benefits and differences ✅ Who they’re best suited for Whether you’re a first-time buyer, a property developer, or a housing association, let Highlight be your go-to resource for navigating these essential affordable housing options. 📖 Click the link below to dive in and share your thoughts! 👇 #AffordableHousing #SharedOwnership #SharedEquity #FirstTimeBuyers #HousingSolutions #HighlightHousing