Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

Renovations 435

Renovations Realtors Construction Mortgage 435

Housing Wire

NOVEMBER 21, 2023

It claims that in 2022, it added a net 5% in personnel while most companies saw a net decrease of 24% in workforce. Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others. year over year.

Loan Officers 448

Loan Officers Retail Lending Renovations 448

Housing Wire

JULY 8, 2024

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. Its product mix includes fix-and-flip loans, bridge loans and construction loans.

Investing 435

Investing Legal Lending Landlords 435

Housing Wire

JULY 7, 2023

since March 2022. Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

Construction 370

Construction Renovations Government Inventory 370

Housing Wire

AUGUST 29, 2024

At HVPG, we recently completed a renovation at a senior living facility in Jersey City, a city experiencing rapid growth with almost 30% of its current population arriving in 2021 or 2022. Our renovation includes features such as step-free entrances, wider doorways, and bathroom modifications.

Renovations 459

Renovations Development Transportation Construction 459

Housing Wire

DECEMBER 5, 2024

Despite the long-term trend of rising prices, however, the average sale price of a new manufactured home fell between 2022 and 2023. Among the top 15 metro areas with the largest housing supply shortages in 2022 as measured by Zillow at the end of October, five of them were in Arizona, California or Washington. “In

Land Lease 418

Land Lease Renovations Modernization Design 418

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. billion in loan production in 2022, saw potential to expand in local markets by scooping up LOs that could bring over their network of local clients.

Mortgage 418

Mortgage Loan Officers Retail Finance 418

Housing Wire

AUGUST 4, 2023

Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. since March 2022. Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. In June, job openings eased back to 9.6

Marketing 369

Marketing Construction Renovations Home Improvement 369

Housing Wire

JUNE 1, 2023

“In addition to agency and GSE home loans, Planet also has niche products tailored to today’s tight real estate markets, including self-funded One-Time Close (OTC) construction loans as well as manufactured housing and renovation mortgage loans,” Gross said in a statement. million in cash.

Retail 418

Retail Mortgage Lending Renovations 418

Housing Wire

JANUARY 3, 2024

In 2022, the median home was worth about $843,000, and the median renter paid $1,738 per month, according to American Community Survey five-year estimates. million over that period to acquire 52 units and renovate several of its 50 existing units. million bond to purchase property to construct affordable housing for teachers and staff.

Landlords 488

Landlords Home Value Construction Renovations 488

Housing Wire

FEBRUARY 15, 2023

In 2022 alone, APM acquired 11 branches from Arizona-based Sunstreet Lending and Sunstreet, along with 25 branches from the Minnesota retail lender Lend Smart Mortgage and 51 branches from AmeriFirst Financial Inc. While APM saw production drop by about 42% in 2022 to $13.8 We believe these changes better position APM for growth.”

Retail 370

Retail Renovations Lending Loan Officers 370

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. A 2022 report found that the NADL program was severely underutilized , with just 89 loans originated in the continental U.S.

Mortgage 418

Mortgage Renovations Insurance Construction 418

Housing Wire

JUNE 21, 2022

rent of a single-family home is only 21% more than the average rent of an apartment in 2022, according to World Population Review. Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. To be precise, the average U.S. were built before 1980.

Investors 435

Investors Renovations Inspection Government 435

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. However, you must be aware of your budget and timeline before committing to a kitchen renovation.

Renovations 303

Renovations Appraisal Home Improvement Buyers 303

Housing Wire

MARCH 26, 2024

That started in Q4 of 2022, so it’s been about six quarters at this point, and we predicted it would last 24 to 26 months,” Salmanson added. “So, Last year, there was a total of 308,922 single-family home and condominiums flips, compared with 436,807 in 2022, according to Attom. billion in total.

Investors 482

Investors Marketing Inventory Real Estate 482

Housing Wire

JULY 6, 2023

Meanwhile, mortgage interest rates have hovered in the 6% to 7% range over the past six months, up more than 3 percentage points since early 2022, yet home prices have increased for several months in a row, Freddie Mac ’s chief economist, Sam Khater, points out in a recent commentary. million more housing units to meet existing demand.

Inventory 488

Inventory Renovations Real Estate Government 488

Appraisal Buzz

NOVEMBER 18, 2024

New owners used their cost savings to renovate and undercut our rent rates. This is a hangover from the favorable financing conditions of 2021/2022. Diminished Development Capacity: As developers struggle, new construction grinds to a halt. But the tide turned quickly.

Development 335

Development Finance Real Estate Housing Market 335

Housing Wire

JUNE 30, 2022

While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. The housing market has undergone a significant transformation over the past two years. In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that.

Lending 370

Lending Housing Market Technology Business 370

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. level from the second quarter of 2022 and far beneath a recent peak of 60.8% It remained way below the 44.6%

Investors 448

Investors Inventory Investing Real Estate 448

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. Connie Kim: It’s been a tough year for even the top producing loan originators in 2022. After dropping from $1.2

Business 435

Business Loan Officers Clients Inventory 435

Housing Wire

FEBRUARY 8, 2022

In October 2021, FHFA Acting Director Sandra Thompson announced to a crowd of mortgage industry professionals that desktop appraisals would become permanent, starting early in 2022. Kroll Bond Ratings Agency , in a January 2022 pre-sale report, said they gave a “broad valuation haircut” to all loan pools with appraisal waivers.

Appraisal 370

Appraisal Appraisal Process Valuation Renovations 370

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. billion in the United States alone by the end of 2022.

Home Improvement 60

Home Improvement Renovations Construction Supply Chain 60

Housing Wire

SEPTEMBER 22, 2022

With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot.

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

Lamacchia Realty

MAY 20, 2022

HOME RENOVATIONS IN 2022. It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations world is no different. From supply chain delays and stoppages to inflation, home renovation and even new construction projects are feeling the impact. Cost of Materials.

Renovations 50

Renovations Supply Chain Construction Modernization 50

Lamacchia Realty

FEBRUARY 8, 2022

Because of this, many buyers going through the home buying process are becoming more open to a house that needs renovations. Purchasing a home that requires renovations and repairs might seem overwhelming, but with these tips, the process of purchasing a fixer-upper and making those first repairs is much more manageable.

Renovations 73

Renovations Buyers Finance Home Improvement 73

Appraisal Buzz

JUNE 3, 2024

Let me explain — in 2021-2022, many investors purchased properties at high prices, using 2 and 3-year bridge loans. Many current sellers have begun a renovation but have run out of money prematurely as inflation has caused cost overruns and capital is less available to fund shortfalls.

Investors 195

Investors Marketing Renovations Real Estate 195

Raleigh Realty

JULY 31, 2022

Sometimes during construction or renovation girders, trusses, or joists can be improperly cut or improperly shored up. Natural disasters, poor construction, poor drainage, and settling can also cause structural issues to arise. Most inspectors will also check for Polybutylene pipes.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

Lamacchia Realty

MAY 23, 2023

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

Renovations 53

Renovations Supply Chain Construction Home Improvement 53

McKissock

AUGUST 23, 2022

Renovation and Remodeling Appraisal Considerations. When appraising proposed modifications, remodels, or renovations to a residential property, appraisers must decide the feasibility of the modification, if it adds any contributory value, if it extends the remaining economic life, or possibly improves the property’s marketability.

Appraisal 76

Appraisal Renovations Property Appraisal Landlords 76

Raleigh Realty

JULY 12, 2022

Let’s take a deep dive into emerging data in Wake County from 2022 and narrow down on key Raleigh real estate trends. of its original list price in Q1 of 2022. In this post, we’re going to cover the Raleigh real estate trends in 2022 so far, including: Rated number one in the U.S. in the fall 2022 semester.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Raleigh Realty

DECEMBER 23, 2021

Glassdoor ranked the city of Raleigh, NC as the 1 Best City for Jobs in 2015 The Raleigh airport, also known as Raleigh Durham International Airport (RDU) has seen some major renovations in recent years as well as new airlines bringing new flight paths in and out of the Raleigh area.

Real Estate Agent 148

Real Estate Agent Realtors Real Estate Agents 148

The Robert Weiler Company

APRIL 7, 2023

Upgrades to existing buildings brought an even bigger reduction in operating costs globally, with green renovations at 11.5% Construction of new green buildings and green renovation or retrofit projects increase the asset value of buildings by upwards of 9%. reduction in operating costs in the first year and a 16.9%

Real Estate 109

Real Estate Construction Investing Development 109

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

McKissock

AUGUST 14, 2022

Here are some things to be aware of as you move into the last part of 2022 and a new year. Need for New Construction. Those who can wait for construction may find the idea of building their own home the way they want quite attractive. Construction Workforce Concerns. Ripples from the Great Recession.

Inventory 68

Inventory Construction Real Estate Renovations 68

Will Springer Realtor

MARCH 29, 2022

This has prompted many households to build or renovate a more sustainable home – to cut both their carbon footprint and bottom line. home builders reporting at least 61% of their projects as “green” rose from just under one-third in 2015 to 44% in 2022. The figures bear that out. The number of single-family U.S.

Renovations 66

Renovations Construction Design Architecture 66

Lamacchia Realty

NOVEMBER 15, 2022

Whether building a new home or renovating it, you must follow building codes. But, as we already mentioned, you need to familiarize yourself with the building code before starting construction or renovations. Other codes related to safety during construction or renovation, are in place mainly to protect neighboring buildings.

Renovations 41

Renovations HOA Construction Architecture 41

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

Consulting services are what you need if you are looking to remodel, subdivide or construct an new addition. Consulting services can help you determine the best renovations to make resulting in the highest market value or it can help give you an insight into the highest potential for a subdivision or addition.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50