Housing Wire

NOVEMBER 25, 2020

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. That was up from 20 percent in 2019 and 50 percent in 2018.

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

MAY 22, 2024

Some of the chains reporting increased renovation and modification activity include The Home Depot and Lowe’s , two of the largest home improvement retailers in the U.S. This means that renovations of existing homes are likely to become more necessary as time goes on.

Renovations 459

Renovations Design Home Improvement Advertising 459

Housing Wire

OCTOBER 28, 2021

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 foreclosure auction or bank-owned (REO) auction. Presented by: Auction.com.

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Inventory Renovations Contracts Buyers 448

Housing Wire

DECEMBER 22, 2023

Her expertise led to the success of critical initiatives since joining Cape Fear Realtors in 2019. Anne’s leadership guided us through the uncertainties of the COVID-19 pandemic and to complete the renovations of our building—Terraces on Sir Tyler. She has successfully implemented new practices, initiatives, and programs.

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Realtors Renovations Real Estate Agents 459

Housing Wire

JUNE 10, 2024

The salary needed to buy a starter home, for instance, has nearly doubled since the start of 2019, according to data from Redfin. By and large, seniors are opting to remain in their homes — and even to undertake significant renovations to them — to avoid moving to such facilities, according to recent reporting from The Associated Press.

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Housing Market Renovations Inventory Realtors 488

Housing Wire

APRIL 8, 2021

According to a survey by Hippo.com , 54% of respondents said they made at least one home improvement last year, with the bulk having made renovations to their backyard, kitchen and home office at 21%, 20.1%, and 18.4% of Home Depot’s total net sales for the entire year, and 30% higher for the garden section over 2019.

Renovations 345

Renovations Home Improvement Retail Marketing 345

Housing Wire

APRIL 21, 2022

But it also makes sense given that their large-scale acquisition strategies could buckle under the logistical pressure of performing major renovations on hundreds or thousands of homes simultaneously. Renovating Right. The bulk buyer purchases accounted for 8.4% of all home sales in 2021, the highest share since 2013.

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Investors Renovations Marketing Retail 418

Appraisal Buzz

JUNE 14, 2024

That is a significant increase from the 13% average between 2000-2019 in new construction. But, first-time homebuyers can be leery of taking on renovations, especially if they are tight on cash.

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Marketing Renovations Construction Finance 396

Housing Wire

APRIL 2, 2021

billion in 2019. billion, compared to $894 million in 2019, pre-tax net income grew 541% to $500 million, compared to $78 million in 2019. Two weeks ago, the firm launched a home improvement vertical with the $45 million acquisition of Renovate America ‘s Benji business line. billion in 2020 from $19.16

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Finance Renovations Investors Retail 387

Housing Wire

AUGUST 10, 2022

The SEC alleges that Angel Oak raised $90 million through a March 2018 securitization of “loans made to borrowers for the purpose of purchasing, renovating and selling residential properties” — also known as fix-and-flip loans, which were originated by an Angel Oak-affiliated entity.

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Investors Renovations Investing Mortgage 397

Housing Wire

OCTOBER 20, 2022

To help put the impact of the pandemic fever dream in perspective: the average purchase discount at foreclosure auction in Q3 2019 was 21%, nearly twice the discount in Q1 2022. Instead, they are reverting to average purchase discounts prior to the pandemic, when home price appreciation averaged about 5% annually between 2015 and 2019. “I

Housing Market 459

Housing Market Buyers Marketing Investors 459

Housing Wire

MARCH 22, 2021

Specifically, the state said that Modus used its partnership with “Staging Boost,” a platform that works with third-party vendor ZingFix to offer cleaning, landscaping, staging and listing preparation renovation with a deferred payment. It has lost money each of the past three years, including a $388 million net loss in 2019.

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Insurance Real Estate Agent Real Estate Brokerage 459

Housing Wire

DECEMBER 21, 2023

The great news is that the program has undergone significant improvements, particularly after the Blue Water Navy Vietnam Veterans Act was signed into law in 2019. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. Who is eligible?

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Mortgage Renovations Appraisal Process Finance 468

Housing Wire

JULY 21, 2022

The extra margin will give him and his students a cushion in case of a retail market correction, which would impact the price at which they’re able to sell renovated homes to owner-occupant buyers. “Up Up through May our sale price (on the properties we sell post-renovation) was still going up. I think we’ll see the end of that.

Housing Market 435

Housing Market Buyers Marketing Retail 435

Housing Wire

JUNE 25, 2021

The top quarter of iBuyer activity remains the third quarter of 2019 when, according to Redfin, 8,310 homes were bought via iBuyers. After we buy and renovate those homes, we know we’ll be able to sell them because there are so many more buyers in the market right now than there are homes available.”

Renovations 473

Renovations Buyers Marketing Inventory 473

Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

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Renovations Investing Real Estate Marketing 393

Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. The prior owners both died by 2019 and the home has been unoccupied since then.

Mortgage 426

Mortgage Design Architecture Market Value 426

Housing Wire

MAY 12, 2021

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. But, even then, today’s homebuyers aren’t spoiled for choice. Bringing more services under one roof.

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Construction Logistics Technology Real Estate 482

Housing Wire

AUGUST 1, 2022

trillion higher than at the end of 2019. .” U.S. credit card balances in the first quarter were $841 billion, $71 billion higher than the same period in 2021, according to a report from the Federal Reserve Bank of New York. The country’s total household debt stood at $15.8

Renovations 397

Renovations Lending Investing Mortgage 397

Housing Wire

JULY 3, 2023

While the 30-year fixed-rate mortgages are the bread-and-butter products for PrimeLending (accounting for about 95% of origination volume), down payment assistance programs, renovation loans and temporary rate-buydowns have become popular options for buyers, Lugat noted.

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Loan Officers Marketing Retail Renovations 370

Inman

MAY 26, 2023

The home in Studio City was renovated by HGTV in 2019 and has since been used in a number of the network's specials and series. Now one lucky buyer will be able to keep a piece of television history.

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Renovations Marketing Buyers Modernization 167

Appraisal Buzz

AUGUST 5, 2024

I would expect a longer time horizon to get my renovated properties sold because they aren’t flying off the shelves like they used to.” Retail inventory in May 2024 rose above May 2019 levels in four out of five of these metro areas, with Miami being the exception, according to data from ResiClub.

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Retail Renovations Inventory Contracts 273

Housing Wire

OCTOBER 15, 2020

There were a total of 647 vacant structures in the Slavic Village neighborhood in July 2020, down 15% from March 2019 and down 53% from a peak of 1,368 vacant structures in March 2009, according to a biannual survey conducted by SVD of all parcels in the neighborhood. But now gentrification is an issue.”.

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Buyers Development Renovations Retail 360

Inman

AUGUST 15, 2023

The couple have been together since 2019 and recently completed a two-year renovation on a Georgian-style home they purchased together in 2020, according to reports.

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Renovations Design 147

Appraisal Buzz

AUGUST 28, 2024

Investors are still coming in with all-cash offers on homes that need to be renovated. That same report found that between 2019 and 2022, the median net worth of U.S. It’s also partly due to buyers putting down a higher percentage of the purchase price as a down payment. All-Cash Sales on the Rise The percentage of U.S. a year ago.

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Buyers Investors Renovations Mortgage 417

Housing Wire

OCTOBER 17, 2023

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. It remained way below the 44.6% level from the second quarter of 2022 and far beneath a recent peak of 60.8%

Investors 448

Investors Investing Inventory Real Estate 448

Housing Wire

SEPTEMBER 22, 2022

million, below the 2019 range of 1.52 Glessner will close his first renovation loan in 10 years and plans to tap into the market of reverse mortgages, a loan available for seniors aged 62 and over to borrow money against their home equity. million to 1.93

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. Please think of me as your go-to resource for all things real estate. Call or text me with any real estate questions!

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Real Estate Open Houses Brokerage Real Estate Agent 465

Raleigh Realty

JULY 12, 2022

If you’re considering a home renovation, you might be looking for some insight on what other homeowners are doing. That’s why we’re rounding out some top home renovation statistics so you know what to expect from your next home improvement project. Statista) Outdoor furniture sales are expected to increase by $195.3

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Home Improvement Renovations Construction Supply Chain 60

Housing Wire

MARCH 10, 2023

HELOCs also are popular because the interest on the loans is tax deductible if the funds are used for approved home renovations. Since it began investing in the HEI business in 2019, Redwood has committed gross capital to the sector totaling $316 million, according to a recent filing with the U.S. Securities and Exchange Commission.

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

DECEMBER 12, 2022

Since CEO Charlie Scharf came on board in the fall of 2019, the bank has been in the process of revamping its home loans business. ” According to Loving, Planet acquires niche products, such as manufactured housing and renovation loans, through its correspondent channel. Losing space.

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Marketing Lending Retail Clients 418

Cornerstone

MAY 4, 2021

Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. Taking the time (and spending the money) to renovate before selling might cause you to miss out on this chance. Keep 2 things in mind if you’re planning to sell this season.

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Renovations Home Improvement Loan Officers Real Estate Agent 43

Simonson Real Estate

JULY 10, 2020

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Prospective market value may be appropriate for the valuation of a property interest related to a credit decision for a proposed development or renovation project. Value Scenarios. Do you have questions on these topics?

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Appraisal Process Appraisal Market Value Tenants 148

The Robert Weiler Company

JULY 18, 2021

Ari Afshar, Founding Agent at Compass and Member of the Forbes Real Estate Council: Invest in properties near renovated buildings. Renovated buildings that attract pedestrian traffic or include shopping opportunities and eateries have a reverse, upwardly improving effect. Essentially, this is the broken windows theory in reverse.

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Real Estate Investing Investors Renovations 148

Lamacchia Realty

SEPTEMBER 21, 2021

Angela Ravesi became a REALTOR® at Lamacchia in April 2018 and in May 2019, she transitioned to the role of executive assistant to Mike McGrory, VP of Property Acquisitions and Development. With Mike handling most of the renovation plans, Angela takes the reins on designs and finishing touches. . Everyone is like a family.

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Property Management Development Landlords Renovations 69

Cleveland Appraisal Blog

MARCH 4, 2021

For instance, a thirty-year old home may have an effective age that is the same as a fifty-year old home, if the fifty-year old home has been renovated to a degree that is comparable to the younger home. Birmingham Real Estate: 2019 vs 2020 – Birmingham Appraisal Blog. Why Comp Photos in Appraisals? – APPRAISAL TODAY.

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Appraisal Real Estate Real Estate Agent Loan Conditions 224

Lamacchia Realty

MAY 11, 2021

The company opened five new branch offices in 2020 alone, including Chelmsford , Hudson , Beverly , Fort Lauderdale, Florida , and the newly renovated landmark branch location in Waltham. The Chelmsford location is under significant renovations and will celebrate is grand opening in June. Lamacchia also made Inc.’s

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Brokerage Realty Renovations Clients 69