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. Concentrated Development: Many developers flocked to the same areas, leading to localized oversupply. But the tide turned quickly.

Development 335

Development Finance Real Estate Housing Market 335

Housing Wire

APRIL 22, 2021

Kirk West, a broker for West and Woodall Real Estate in Durham, said the sheer number of buyers willing to purchase a house sight-unseen has stood out to him since the pandemic started. ” Hennessey said his company pivoted to doing mostly renovations in the past few months, declining new builds in order to save money.

Buyers 459

Buyers Inventory Renovations Realty 459

Appraisal Buzz

OCTOBER 23, 2024

Just waiting for the market to correct and find balance,” wrote one Auction.com buyer, in response to a survey regarding the impact of market conditions on bidding and purchasing behavior at auction. The survey was conducted between Sept. 25 and 27 and received responses from more than 140 people who have purchased properties on Auction.com.

Retail 370

Retail Marketing Inventory Buyers 370

Appraisal Buzz

OCTOBER 15, 2024

Home Renters Value Skipping Upkeep and Remain Content in Their Rentals Home renters are nothing if not realistic about their alternatives, despite their desire for renovations. With 45,400 single-family rentals presently in the development phase, 2024 is expected to beat the record 27,500 completions set in the previous year.

Tenants 370

Tenants Renovations Modernization Contracts 370

Housing Wire

OCTOBER 15, 2020

“We still have vacancy and blight issues but they are not crippling as they were a decade ago,” said Ian Beniston, executive director at the Youngstown Neighborhood Development Corporation (YNDC), a nonprofit community development corporation in Youngstown, Ohio. When we began a decade ago there was much more blight.

Buyers 360

Buyers Development Renovations Retail 360

Housing Wire

OCTOBER 20, 2022

A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace. Price Correction Risk by Region.

Housing Market 459

Housing Market Buyers Marketing Investors 459

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer.

Renovations 516

Renovations Development Investors Legal 516

Housing Wire

JANUARY 30, 2025

If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors. Davis also mentions the importance of offering investor loans, Debt-service coverage ratio (DSCR) loans and other options to accomodate trends with investors, self-employed buyers and more.

Construction 294

Construction Marketing Investors Renovations 294

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 435

Inventory Renovations Supply Chain Buyers 435

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

Renovations 370

Renovations Buyers Development Insurance 370

Housing Wire

OCTOBER 3, 2023

BH: I have heard some comments from CoStar about how Homes.com is well positioned for success regardless of what happens with the buyer broker compensation lawsuits. If the buyer broker commission rules goes away that revenue model for the portals goes away for sure. Could you elaborate on this?

Buyers 435

Buyers Real Estate Agents Business 435

Housing Wire

AUGUST 27, 2024

Department of Housing and Urban Development (HUD). The 203(k) program allows for the inclusion of repair or renovation costs within a single mortgage to purchase or refinance a home. The “standard” option is for substantial repairs, while the “limited” option is for more minor repairs or renovations.

Renovations 448

Renovations Modernization Insurance Finance 448

Housing Wire

FEBRUARY 26, 2024

On the demand side, buyers are wary of purchasing a condo since it has become less affordable. It’s causing buyers to rethink their plans.” The HOA either sells the building to a developer who will renovate it or, in most cases, to a redeveloper who will tear it down and replace it with another economically viable project.

HOA 501

HOA Law Insurance New Listings 501

Housing Wire

JULY 14, 2022

Among nearly 135,000 properties foreclosed between 2016 and 2020 that sold to third-party buyers at foreclosure auction on the Auction.com platform, more than half (54%) are owner-occupied as of 2022, according to public record county tax assessor data from ATTOM Data Solutions. The role of renovators. Net owner-occupancy rates.

Renovations 370

Renovations Investors Retail Buyers 370

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 360

Inventory Renovations Lending Construction 360

Housing Wire

AUGUST 2, 2024

Auction.com noted that while “one month’s data is not yet a trend,“ the bidding behavior of foreclosure-auction buyers tends to be a reliable indicator of future retail home price appreciation since these investors are estimating what market conditions will look like in three to six months.

Inventory 476

Inventory Retail Buyers Renovations 476

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. By providing jumbo loans, lenders like Acra are able to make those higher-priced homes available as an option for home buyers. Acra Lending is doing what it can to help free up inventory. Fix’n’flip.

Housing Market 459

Housing Market Marketing Inventory Lending 459

Appraisal Buzz

OCTOBER 24, 2024

Department of Housing & Urban Development (HUD) has appointed 11 new members to its Housing Counseling Federal Advisory Committee. Sherri Eckles , who was appointed last year and serves as SVP of the Renovation and Construction Lending Programs at Norcom Mortgage, will also continue to serve on the Committee.

Real Estate 221

Real Estate Renovations Development Construction 221

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.

Marketing 397

Marketing Renovations Investors Transportation 397

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. NO BLANK FIELDS. ACCURATE DATA.

Agents 373

Agents Appraisal Renovations Development 373

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 488

Inventory Renovations Real Estate Government 488

Housing Wire

APRIL 23, 2024

Amid a higher rate environment when refinances are scarce, Martell said that loanDepot sees opportunities in other products, such as renovation loans and home equity lines of credit (HELOCs). AI will help areas like the call center, product development and underwriting so lenders can make “better decisions quicker,” he said.

Mortgage 401

Mortgage Real Estate Agent Real Estate Renovations 401

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 397

Real Estate Marketing Insurance Technology 397

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 435

Marketing Real Estate Agent Clients Tools 435

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 355

Real Estate Technology Business Real Estate Agent 355

Housing Wire

MAY 12, 2021

Mosaic , an Arizona-based construction technology company, has developed a programming platform for determining the best way to build with the labor and materials on site. Block Renovations is a great example of a company using technology to make a multi-step process more efficient for contractors and more satisfying for customers.

Construction 482

Construction Logistics Technology Real Estate 482

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. There are still plenty of buyers interested in this area. If you don’t have active buyers, ask around the office.

Real Estate 462

Real Estate Open Houses Brokerage Real Estate Agent 462

Appraisal Buzz

AUGUST 5, 2024

According to Auction.com, because buyers at distressed market auctions are anticipating retail market conditions three to six months into the future, bidding behavior at those auctions provides a reliable forward-looking indicator of trends in retail home price appreciation. “I

Retail 273

Retail Renovations Inventory Contracts 273

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 home, designed by Lloyd Wright for real estate developer Joseph Jacob (JJ) Walser Jr.,

Mortgage 420

Mortgage Design Architecture Market Value 420

Housing Wire

JULY 10, 2024

Seller / Buyer/ Balanced). There is no advantage to either buyers or sellers in this type of market. Buyer’s Market – Greater than six months’ worth of inventory in the area. There are usually many properties available at different price points in a buyer’s market and properties generally take longer to sell.

Sellers 435

Sellers Real Estate Agents Clients 435

Housing Wire

OCTOBER 24, 2022

If anyone knows of anywhere that could be a good fit with my 20+years in maintenance/renovation leadership in multi-family, single family, or senior living, please pass my name along. Looking for remote positions where I can leverage my relationship management, customer support, and business development skills. Thanks in advance.”.

Real Estate 418

Real Estate Investing Investors Business 418

Appraisal Partners Blog

MARCH 12, 2025

Assess Property Condition and Safety: FHA appraisals also assess the property’s condition to ensure it meets minimum safety and habitability standards set by the Department of Housing and Urban Development (HUD). The buyer and seller can: Seller Makes Repairs: The seller can agree to make the required repairs.

Appraisal 78

Appraisal Inspection Market Value Sellers 78

Housing Wire

SEPTEMBER 18, 2024

Virtual open houses are a unique way to help you stand out from other agents as a tech-savvy marketer and can help get your listings in front of hundreds (possibly thousands) of potential buyers online. Another cool option is pre-recording a virtual open house that buyers can access anytime and watch on their own.

Open Houses 343

Open Houses Agents Real Estate Sellers 343

Boston Appraisal

JULY 13, 2024

Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. This allows both a potential buyer and the appraiser to see where this property falls within the real estate market.

Appraisal Process 147

Appraisal Process Buyers Appraisal Legal 147

Empire Appraisal Group

MAY 16, 2024

Should You Renovate Before Selling? Before launching renovation projects to sell a home, consider the cost benefits. NEW YORK – When selling your house, one of the most common things to worry about is whether you should renovate the home before listing it. Look at your home as if you were buying it and decide if it’s turnkey.

Renovations 78

Renovations Buyers Decorating Investing 78

Appraisal Buzz

MAY 13, 2022

Most foreclosure buyers are local community developers renovating and reselling to owner-occupants. Daren Blomquist of Auction.com takes a look at this market segment and others taking part in home auctions nationwide. The post Who Is Bidding at Foreclosure Auctions? appeared first on DSNews.

Renovations 150

Renovations Development Buyers Appraisal 150

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. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad.

Real Estate Agent 435

Real Estate Agent Real Estate Agents Clients 435