Housing Wire

MAY 12, 2021

And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Opportunities to innovate.

Construction 482

Construction Logistics Technology Real Estate 482

Housing Wire

MAY 8, 2023

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. 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

Inventory 401

Inventory Renovations Supply Chain Buyers 401

Housing Wire

JUNE 8, 2021

With tightened housing stock supply, the competition for home buyers is fierce this year. The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical.

Inventory 351

Inventory Renovations Lending Construction 351

Housing Wire

OCTOBER 24, 2024

That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. But some segments of pre-foreclosure buyers are purchasing at much bigger discounts. Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing.

Retail 430

Retail Buyers Renovations Finance 430

Housing Wire

OCTOBER 10, 2023

Many sellers have returned to offering concessions and dropping prices to entice buyers. When making pre-listing repairs or renovations, different projects can result in vastly different returns. These days, buyers want move-in ready homes – they don’t want to face huge construction projects before they can get settled.

Home Improvement 475

Home Improvement Real Estate Agent Sellers Real Estate 475

Housing Wire

NOVEMBER 25, 2020

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. The data shows 30% of all properties purchased via online REO auction in Allen County were to out-of-state buyers, ranking 36th highest among 198 U.S. Top 5 Counties for Out-of-State Buyers.

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. After losing 5,000 jobs in January, the construction sector rebounded gaining 60,000 jobs in February. After mixed results in January , the U.S.

Construction 368

Construction Renovations Real Estate Marketing 368

Housing Wire

DECEMBER 2, 2020

Construction is starting to pick up, so that should help alleviate things in the housing market. Four renovations to consider before selling your house. A whopping 63% of sellers are also buyers, which poses yet another concern. For-sale inventory is at record lows. According to the latest Census data, there’s just a 3.6-month

Housing Market 488

Housing Market Sellers Marketing Renovations 488

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. “Brokers need now to control things they can control, like their costs, and give the consumer options.”

Mortgage 491

Mortgage Real Estate Agent Renovations Finance 491

Housing Wire

JUNE 21, 2022

Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. of all flipped homes in Q3 2021 went to FHA buyers. The same holds true for the investors that are renovating homes and reselling them. But, who are these investors?

Investors 418

Investors Renovations Inspection Government 418

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. The kitchen is a focal point for just about every homeowner and prospective buyer.

Renovations 303

Renovations Appraisal Home Improvement Buyers 303

Housing Wire

JANUARY 14, 2025

Professionals in the industry, which are generally small businesses structured in the form of an LLC, deliver quality homes to end-buyers at competitive prices or rents, with their profit derived from the value added by repositioning or improving the home prior to sale or lease. million homes and growing.

Marketing 335

Marketing Renovations Investors Transportation 335

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 458

Landlords Home Value Construction Renovations 458

Housing Wire

MARCH 28, 2022

Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as “real estate search engines” to help buyers more easily find a home online. Having everything in-house enables iBuyers to lower closing costs for buyers and sellers, offer real-time, 24/7 customer support and provide unique financing solutions for buyers.

Real Estate 379

Real Estate Marketing Insurance Technology 379

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. fix-and-flippers] who are willing to sell to a first-time buyer,” he said.

Inventory 478

Inventory Renovations Real Estate Government 478

D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. As Vancouver Island’s home evaluation expert, D.

Renovations 120

Renovations Home Value Valuation Market Value 120

Appraisal Buzz

NOVEMBER 18, 2024

It was a prime investment – cash flowing and competitively priced due to it being a buyer’s market. New owners used their cost savings to renovate and undercut our rent rates. Diminished Development Capacity: As developers struggle, new construction grinds to a halt. But the tide turned quickly.

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Development Finance Real Estate Housing Market 335

Housing Wire

MAY 21, 2024

Most properties that sell at foreclosure and REO auctions are in need of major renovations, far from being in fully repaired condition. That investor was willing to lose money on the deal just to keep his construction crew busy. “I The after-repair value is the estimated market value of a property in fully repaired condition.

Marketing 456

Marketing Investors Real Estate Investing 456

Housing Wire

AUGUST 4, 2023

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. Furthermore, residential building construction employment was flat year-over-year in July, while non-residential was up by 5.9%, according to First American Economist Ksenia Potapov.

Marketing 278

Marketing Construction Renovations Home Improvement 278

Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. The best way to look at home renovations is by considering the overall impact they will have on your home. Updates or Renovations?

Renovations 86

Renovations Appraisal Real Estate Agent Construction 86

Housing Wire

OCTOBER 10, 2023

Like you, as a real estate agent, I have prepared many reports analyzing pricing trends to help provide guidance to buyers, sellers and investors alike. For buyers , it can help them determine if the property they’re interested in is priced correctly and if it is a sound purchase. They are more appropriate for an appraisal.

Marketing 406

Marketing Real Estate Agent Clients Tools 406

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. For example, there were 50,000 new homes constructed by builders last year in Dallas-Fort Worth,” he said.

Investors 459

Investors Marketing Inventory Real Estate 459

Housing Wire

FEBRUARY 8, 2024

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales.

Real Estate Agent 397

Real Estate Agent Real Estate Agents Clients 397

Housing Wire

JULY 17, 2023

This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before. These immersive experiences enable prospective buyers to explore properties in three dimensions from the comfort of their homes.

Real Estate 255

Real Estate Technology Business Real Estate Agent 255

Appraisal Buzz

JUNE 3, 2024

Many of them are buyers, but they are underwriting deals based on the new interest rate and pricing reality in the market. 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

Cleveland Appraisal Blog

APRIL 29, 2021

The materials used in the construction and decoration of your home are also extremely important because they determine how structurally sound your property is, how it’s going to last over time, and how much maintenance it’s going to require. Again, there is not much you can do about construction materials. What Buyers Look For.

Appraisal 249

Appraisal Investing Buyers Renovations 249

Lamacchia Realty

FEBRUARY 8, 2022

When buyers are in the process of finding their perfect home, they often realize that finding a home that checks all of the boxes, has a great layout, and is aesthetically pleasing is easier said than done, especially if you’re a first-time homebuyer on a budget. When in doubt, get your permits.

Renovations 73

Renovations Buyers Finance Home Improvement 73

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. TODAY’S HOME BUYERS ARE LIKE THE CARP. This year, it appears that buyer panic is even worse than last year. It is free to visit. That is a lot of bread!

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

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 390

Mortgage Loan Officers Inventory Retail 390

Empire Appraisal Group

JULY 27, 2023

Source: [link] Why Don’t More Buyers Consider a Fixer-Upper? 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. Bethesda, MD (301) 215-4688 The post Why Don’t More Buyers Consider a Fixer-Upper?

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

Inman

JANUARY 21, 2023

Construction methods and materials, mechanical, windows and design features require updating and renovation to meet the needs of today's buyers. Houses of this period, whether single-family or multifamily units, are hitting the market all across the country.

Renovations 104

Renovations Design Construction Buyers 104

Appraisal Buzz

OCTOBER 24, 2024

The Committee serves a critical advisory role to HUD by helping shape the direction of its Housing Counseling Program and providing guidance on how to better serve prospective buyers, homeowners, and renters with their housing needs.

Real Estate 221

Real Estate Renovations Development Construction 221

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 376

Investors Investing Inventory Real Estate 376

Cleveland Appraisal Blog

JUNE 17, 2022

What’s the difference between a newly constructed home and a hundred-year-old home? The difference between what buyers are likely to pay for those improvements and the cost to replace them, less the land, is the depreciated cost of the improvements. Depreciation! Then the replacement cost of the improvement(s) is figured out.

Appraisal 279

Appraisal Development Market Value Tenants 279

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. As we begin to see the other side of the pandemic and throughout the past year, the home improvement and renovation industry is seeing an extremely high demand for tools, materials, and home improvement service providers. Cost of Materials. What You Can Do.

Renovations 50

Renovations Buyers Home Improvement Realty 50

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

Housing Wire

JANUARY 6, 2023

Chris Gallo: We’re a local lender that’s been around for over 30 years helping people buy, helping people refinance with construction loans, whatever it may be. Chris Gallo: I do feel that some buyers have dropped out of the market to buy based on the aggressiveness of how the markets have been, especially with the rates going up.

Business 397

Business Loan Officers Clients Inventory 397