Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.” In 2019 the number was 200,000.

Inventory 413

Inventory Renovations Supply Chain Buyers 413

Housing Wire

NOVEMBER 20, 2023

Lowman has been with the lender for more than 21 years starting from managing a founding branch to being promoted as president in 2004, CEO in 2017 and vice chairman earlier in 2023. “I billion in production volume in the first nine months of 2023, declining 27.9% The California lender originated $7.62

Retail 383

Retail Mortgage Lending Renovations 383

Housing Wire

NOVEMBER 21, 2023

According to Inside Mortgage Finance (IMF) estimates, CMG was the 16th-largest mortgage lender in the country in the first nine months of 2023, with a $16 billion volume, an increase of 17.5% Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others.

Loan Officers 387

Loan Officers Retail Lending Renovations 387

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%. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

Business 409

Business Loan Officers Clients Inventory 409

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Our forecast is for a slowdown in economic activity in the second half of 2023, with a recovery in early 2024. In the June jobs report, residential building construction employment is up 0.8%

Construction 339

Construction Renovations Government Inventory 339

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. The lender originated $6.5

Retail 417

Retail Mortgage Lending Renovations 417

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. The home improvement market is expected to grow by $20.4

Home Improvement 60

Home Improvement Renovations Construction Supply Chain 60

Housing Wire

MAY 21, 2024

Meanwhile, the average winning bid relative to after-repair value has been rebounding nationwide after a short-lived dip at the end of 2023 — both for foreclosure auctions and for REO auctions. Most properties that sell at foreclosure and REO auctions are in need of major renovations, far from being in fully repaired condition.

Marketing 465

Marketing Investors Real Estate Investing 465

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

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. 4-7, in Las Vegas.

Mortgage 492

Mortgage Real Estate Agent Renovations Finance 492

Housing Wire

OCTOBER 24, 2024

The most powerful evidence of equity stripping shows up in subsequent resales (flips) of pre-foreclosure purchases that occur within 30 days of the original pre-foreclosure sale — indicating the pre-foreclosure buyer would have little time to add value to the property through renovation. I give them everything. Here are your options.

Retail 438

Retail Buyers Renovations Finance 438

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. Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space.

Marketing 292

Marketing Construction Renovations Home Improvement 292

Housing Wire

JANUARY 3, 2024

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. Homebuilders also tend to build where it’s most cost-effective and faster, which means new construction tends to be concentrated in the Sun Belt.

Landlords 469

Landlords Home Value Construction Renovations 469

Housing Wire

MARCH 26, 2024

The inventory shortage — in addition to high financing costs tied to elevated interest rates and related inflation for construction expenses — led to a nearly 30% decline in home flips in 2023, according to real estate data firm Attom. In 2023, the landscape for home flipping across the U.S. billion that closed.

Investors 469

Investors Marketing Inventory Real Estate 469

Housing Wire

JULY 6, 2023

Fannie Mae recently projected originations for 2023 at $1.59 New-home sales are up 20% year over year as of May 2023 while sales of existing homes are down by the same level, resulting in new-home sales accounting for some 30% of total housing inventory. trillion, a revision downward from its January estimate of $1.65

Inventory 483

Inventory Renovations Real Estate Government 483

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.

Renovations 305

Renovations Investing Real Estate Marketing 305

Housing Wire

JANUARY 31, 2023

Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures. To do so, they plan on capitalizing on single close construction loans in addition to the conventional, government, and jumbo loans. “We But not every LO will find a new workplace. In-house is key.

Mortgage 396

Mortgage Loan Officers Retail Finance 396

Appraisal Buzz

JUNE 3, 2024

That has resulted in credit standards tightening and fewer transactions happening in the market (according to CBRE, commercial real estate volumes were down 54% through Q3 2023 ). Do you seek to renovate a property to generate short-term gains, or would you like to purchase a stabilized property for long-term stability?

Investors 195

Investors Marketing Renovations Real Estate 195

Housing Wire

FEBRUARY 15, 2023

The lender offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. billion, largely due to rising rates and the refi business drying up, the lender expects a 25% increase in origination volume in 2023 from the M&A deals it closed in 2022.

Retail 318

Retail Renovations Loan Officers Lending 318

Empire Appraisal Group

JULY 27, 2023

In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. NEW YORK – Real estate agents say today’s buyers appear to have little desire to take on the additional costs and headaches of major renovation projects.

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

Hank Miller Team

NOVEMBER 15, 2022

Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. This is due to several reasons and while 2023 will likely continue the post pandemic “malaise”, the Greater Atlanta housing market remains one of the most stable in the nation. There are a few key things to consider around Atlanta for 2023.

Inventory 52

Inventory Renovations Housing Market Buyers 52

Will Springer Realtor

JULY 25, 2023

One of those objectives may be to make renovations on the home now when you can still safely – and, we trust, affordably – manage the projects before being too busy playing pickleball, volunteering your time or traveling the world. It will cost about $20K to construct (depending on the size and scope) and deliver a $9K return on investment.

Renovations 36

Renovations Investing Buyers Construction 36

D Fritz Appraisals

JULY 4, 2024

A 2023 Leger poll found that 68% of British Columbians are concerned that they won’t be able to pay their mortgage or rent, and another 93% agree that increasing rental prices have become a serious problem. New rules and standardized designs are helping home builders speed up the construction of small-scale multi-unit housing.

Construction 111

Construction Government Appraisal Transportation 111

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. in first quarter to 27.5% It shows that home purchases by these investors declined by 90,000 year over year.

Investors 391

Investors Inventory Investing Real Estate 391

Appraisal Buzz

SEPTEMBER 20, 2024

Sherri Eckles, SVP Renovation & Construction, TPO Go “In addition to her full-time job, Sherri Eckles volunteers with numerous organizations, all focused on affordable housing. Sherri was honored as the NYMBA Homeownership Advocate of the Year in 2023. Sherri also worked with HUD, MBA, and the U.S.

Training 221

Training Development Clients Renovations 221

Housing Wire

SEPTEMBER 22, 2022

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. 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.

Mortgage 394

Mortgage Loan Officers Inventory Retail 394

Will Springer Realtor

DECEMBER 13, 2022

early in 2023 and drop to 7.1% The housing market is expected to face continued uncertainty heading into 2023 as consumers, financial markets, and policymakers work through their respective challenges in today’s economy,” said Ali Wolf, chief economist for real estate research firm Zonda. It believes rates will rise to about 7.4%

Real Estate 36

Real Estate Buyers Construction Sellers 36

Town & Country Residential Appraisals

JULY 31, 2023

While this is only the 2nd year for the contest, it grew exponentially for 2023 and we faced formidable competition from six other distinguished appraisal offices. Your confidence in our expertise drives us to continuously raise the bar in providing exceptional residential appraisal solutions.

Renovations 62

Renovations Real Estate Appraisal Construction 62

Lamacchia Realty

APRIL 17, 2024

While some sellers may renovate a bathroom or do small improvements to make the home feel new , don’t overlook the power of a fresh hardwood floor. Hardwood floors are typically constructed from solid wood planks or engineered wood, both designed to withstand heavy foot traffic.

Home Value 74

Home Value Buyers Realtors Realty 74

Lamacchia Realty

JULY 2, 2024

Consider Relocation When Renovation Relocating to a new home might be necessary, especially when dealing with the intricacies of a major renovation of your home. Engaging professional movers ensures that your belongings are handled carefully, minimizing disruption and allowing you to focus on the renovation details.

Renovations 64

Renovations Inspection Transportation Modernization 64

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

Housing Wire

FEBRUARY 8, 2024

In 2023, Tate was recognized by RealTrends as one of the Best Real Estate Professionals in the United States. With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales. Representing the top 1.5% of more than 1.6

Real Estate Agent 409

Real Estate Agent Real Estate Agents Clients 409

Will Springer Realtor

MARCH 12, 2024

This return of buyers follows a sluggish late 2023. I stand by my late 2023 prediction that single-family median prices will surpass the $1M mark this year for the first time.) Because new home construction hasn’t kept up. That’s the highest level since August 2023 and is the third straight month of improvement.

Buyers 65

Buyers Construction Sellers Inventory 65

Will Springer Realtor

OCTOBER 3, 2023

The state must add 55,000 homes – or 17,000 in King County alone – per year over the next two decades to meet growing demand, according to Department of Commerce projections published in early 2023. In addition, CHOICERenovation Mortgages is an option for existing homeowners to pay off the addition or renovation of an ADU.

Law 69

Law Design Construction Government 69

Appraisal Today

APRIL 5, 2024

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. Appraisers should consider the potential impact, especially in markets with significant new construction. baths, 6,263 square feet, 2.23

Appraisal 78

Appraisal Contracts Business Construction 78

Appraisal Today

NOVEMBER 3, 2023

FHFA’s Desktop Appraisal Oversight: OIG Report Highlights Documentation Gaps Oct 31, 2023 Excerpts: The lack of consistent record-keeping on desktop appraisal reports could pose risks to financial safety, with the OIG pushing for increased transparency and improved monitoring. Between Oct.

Appraisal 78

Appraisal Contracts Architecture Mortgage 78

Housing Wire

OCTOBER 16, 2023

homebuyers to “obtain access to affordable mortgage credit when seeking to purchase properties with ADUs, add ADUs to existing structures, or construct new homes with ADUs,” with such flexibilities designed to allow first-time homebuyers, seniors and inter-generational families to establish generational wealth, the announcement said.

Design 482

Design Insurance Construction Development 482