Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Real Estate

HW+ Member Spotlight: Lisa Dunn

HW+ member spotlight Lisa Dunn

Continuing our new HW+ member spotlight series, we’re featuring Lisa Dunn, partner/owner at LAUREL Real Estate ResourcesShe specializes in residential real estate throughout Orange County, California, and is currently celebrating over 25 years as a top producing Realtor.

Below, Dunn answers questions about the industry:

HousingWire: To start off, what is your current favorite HW+ article?

Lisa Dunn: I never miss whatever Logan Mohtashami has to say about the current housing market. He always has an interesting, possibly controversial take and is (usually) 100% correct!

HousingWire: What is the best piece of advice you have ever received?

Lisa Dunn:  “If you don’t ask, you don’t get,” as stated by a 7-year-old cookie-selling Girl Scout, who was the daughter of one of my first real estate clients. Truly words to live by, in both real estate and life.

HousingWire: What are 2-3 trends that you are closely watching?

Lisa Dunn: There are numerous things going on that could have a major effect on the residential real estate industry. First, since I am currently a member of the board of directors for the National Association of Realtors, it would be the battle between the DOJ and NAR.

A trade association with voluntary membership that enables a single broker shop to compete on equal footing with large corporate brokerages being considered a threatening monopoly is lost on me. This is something that I really appreciate HW’s coverage on.

The second would be the PRO act, which threatens independent contractor status. It is still making its way through congress. How many brokerages would keep hundreds of non-producing agents on as employees? If real estate agents lose their independent contractor status, this could end the traditional brokerage model as we know it, which may or may not be a good thing.

Third would be large iBuyer entities paying overinflated prices to sellers to gain market share. I think in a tight market where increases in home prices are already at an unhealthy rate, this could make things worse.

HousingWire: Lastly, If you could change or implement one piece of housing regulation, what would it be and why?

Lisa Dunn: I would completely do away with the VA Condo Project Approval and let veterans purchase condos without restriction. The VA database has severe data integrity issues, making much of the information difficult, if not impossible, to end. Because of this, both Realtors and many lenders may be misinforming veterans as to what condos they can and can not purchase.

Since the approval is lifetime and not based on HOA financials but based upon the CC&R’s, there is no real reason to require this. Nor is it required that an HOA board even consider getting a VA condo project approved, if it currently isn’t. Our veterans deserve the opportunity to purchase any home, whether it is a condo or single-family residence, that meets the minimum property requirements.

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