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. Helping the seller understand the true market value of the home given the condition can also be a challenge. After-repair value is the estimated market value of a property in fully repaired condition.

Retail 448

Retail Buyers Renovations Finance 448

Housing Wire

AUGUST 19, 2024

According to public record tax assessor data, all four are now also owner-occupied “I’m trying to establish our community again,” Morgan said, noting the extensive renovations he does before reselling the homes to retail buyers. For most Auction.com buyers, their motivations for investing in real estate are twofold.

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Renovations Development Buyers Investors 476

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months.

Housing Market 459

Housing Market Buyers Marketing Investors 459

Housing Wire

DECEMBER 2, 2020

Construction is starting to pick up, so that should help alleviate things in the housing market. Is now a good time to sell a house? Four renovations to consider before selling your house. Worries about finding a replacement home in a hot housing market. But existing homes? Those are another story.

Housing Market 488

Housing Market Sellers Marketing Renovations 488

Appraisal Buzz

FEBRUARY 25, 2025

As inflation continues to impact the wallet of Americans, potential home buyers are being impacted as well. The amount of money homebuyers are putting down is higher than a year ago mainly because home prices are up: A higher price means buyers typically make a bigger deposit. homebuyers down payment was 16.3% The median U.S.

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Buyers Renovations Mortgage Housing Market 377

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. 3-month bank statement. Fix’n’flip.

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Housing Market Marketing Inventory Lending 459

Housing Wire

FEBRUARY 8, 2022

Sue McCormick is doing her part to help solve the nation’s increasingly complex affordable housing puzzle. In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Both properties sold to owner-occupant buyers for under $150,000 apiece. “I

Renovations 370

Renovations Buyers Development Design 370

Appraisal Buzz

APRIL 11, 2022

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Affordability remains an issue for younger buyers who haven’t yet saved enough money. 2021 to Jan.

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Buyers Renovations Supply Chain Housing Market 370

Housing Wire

FEBRUARY 28, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Annapolis, Maryland. Manchester, New Hampshire. “We

Housing Market 418

Housing Market Marketing Buyers Agents 418

Housing Wire

MARCH 20, 2025

Additionally, the share of flipped homes sold to buyers using Federal Housing Administration (FHA) loans remained steady at 10.7%. The top market for FHA buyer activity was Merced, California, where 38.3% of the flipped homes were resold to buyers using FHA financing.

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Investors Finance Renovations Buyers 312

Housing Wire

FEBRUARY 25, 2025

Housing markets in much of the country have started tilting in buyers favor, allowing buyers to set the terms they want. That means house hunters dont necessarily need to break the bank for a huge down payment if it makes more financial sense to save some money for things like future home renovations or other investments.

Buyers 288

Buyers Renovations Housing Market Real Estate 288

Housing Wire

APRIL 22, 2021

Robbin Sutton with DASH Realty Carolina has been a broker for 20 years, and she’s never seen anything like the current housing market in the Raleigh-Durham metro. ” 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

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. Opportunities: Creating a more stable and affordable housing market in the long term. Remember, market cycles are inevitable.

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Development Finance Real Estate Housing Market 335

Housing Wire

JUNE 28, 2023

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. is lacking about 320,000 listings valued at the affordable range for middle-income buyers.

Investors 397

Investors Housing Market Marketing Renovations 397

Housing Wire

MARCH 2, 2021

You want to make a few preparations to attract the most potential buyers. A homebuyer’s guide to a competitive housing market. Four renovations to consider before selling your house. Dust accumulates and you don’t want a potential buyer to find dust on the ceiling or smudges on the windows.

Decorating 514

Decorating Renovations Buyers Sellers 514

Housing Wire

MAY 28, 2021

According to a study conducted by Buildword , 53% of buyers who purchased a fixer-upper exceeded their budget, compared to 15% of buyers who purchased a turnkey home. A homebuyer’s guide to a competitive housing market. Four renovations to consider before selling your house. Buying a house that needs work?

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Renovations Home Improvement Real Estate Agent Real Estate 508

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. Out of the six market factors that were shown to survey participants, that was the greatest proportion.

Retail 370

Retail Marketing Inventory Development 370

Housing Wire

APRIL 20, 2021

Patrick, a first-time homebuyer, was competing with buyers who were waiving basic contingency requirements and/or putting in offers that far exceeded the seller’s asking price. After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Already a member?

Renovations 468

Renovations Real Estate Agent Construction Buyers 468

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

JUNE 10, 2024

This is according to a recent column published by Fortune , which examined the dynamics that could contribute to boomers staying in their homes longer while many millennials are challenged to enter the housing market in the first place. Data shared with the outlet indicated that baby boomers make up roughly one-third of all U.S.

Housing Market 488

Housing Market Renovations Inventory Realtors 488

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 fish phenomenon reminds me of the housing market today. So, buyers, hang in there and shop carefully.

Housing Market 368

Housing Market Marketing Reconsideration of Value Contracts 368

Appraisal Buzz

FEBRUARY 12, 2025

Its wonderful news for purchasers who have been struggling with high housing costs and a lack of availability, but its not ideal for sellers. According to January Redfin data, buyers nationally might have greater negotiating leverage than they have in a number of years: The typical U.S. home is selling for 1.8%

Contracts 243

Contracts Buyers Renovations Sellers 243

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Bulk Buyer Bonanza.

Investors 418

Investors Renovations Marketing Retail 418

Housing Wire

FEBRUARY 6, 2025

It reflects another pressing issue of imbalanced supply and demand in the housing market. Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Target investors with DSCR products: Equip originators with the tools to tap into the growing investor market.

Mortgage 312

Mortgage Training Construction Investors 312

Appraisal Buzz

JULY 30, 2024

Investors are selling these flipped homes at an average of 21% below the market sales price, making them an attractive option for buyers. Market Dynamics and Investor Sentiment The survey shows a bullish outlook among investors, with 91% expecting their businesses to grow despite challenging market conditions.

Real Estate 397

Real Estate Investors Renovations Construction 397

Housing Wire

OCTOBER 25, 2021

“Buyers also aren’t having to offer as much above the asking price as they were in the spring, when competition in the housing market was peaking. ” Top markets for affordable renovated housing inventory. As mortgage rates continue to rise, we can expect bidding wars to keep slowing.”

Renovations 435

Renovations Inventory Agents Housing Market 435

Housing Wire

APRIL 27, 2021

A homebuyer’s guide to a competitive housing market. The housing market is extremely competitive right now. Here is a homebuyer’s guide to navigating bidding wars and low housing supply. “While 42% of younger prospective buyers currently live in cities, only 24% want to own a home there.

Housing Market 493

Housing Market Renovations Buyers Lending 493

Housing Wire

OCTOBER 10, 2023

We’ve all witnessed the housing market slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. Many sellers have returned to offering concessions and dropping prices to entice buyers.

Home Improvement 482

Home Improvement Real Estate Agent Sellers Real Estate 482

Housing Wire

JANUARY 30, 2021

A homebuyer’s guide to a competitive housing market. Four renovations to consider before selling your house. Staging your home — or making it look as appealing and move-in ready as possible — can make a huge impact on its marketability. After all, you can’t sell what buyers can’t see. Price it right.

Renovations 493

Renovations Buyers Agents Real Estate 493

Housing Wire

FEBRUARY 27, 2024

In a dreadful housing market, Redfin got more efficient in the fourth quarter, again improving gross margins and operating margins, even as we laid the foundation for meaningful long-term growth,” Redfin CEO Glenn Kelman said in a statement. According to Kelman, the housing market is still almost entirely driven by mortgage rates.

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Brokerage Housing Market Renovations Real Estate 447

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. Despite the Fed’s continued accommodative stance, the housing market is showing signs of cooling. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%. We have previously suggested that the strength in the U.S.

Mortgage 529

Mortgage Valuation Housing Market Renovations 529

Housing Wire

OCTOBER 27, 2020

In today’s hot market, buyers are doing all they can to stand out. While this approach could certainly help buyers win out in a bidding war, the strategy also comes with some serious risk — especially if the home inspection is skipped. Minor facelifts are also doable for most buyers. Water damage. The bottom line.

Inspection 459

Inspection Renovations Buyers Housing Market 459

Housing Wire

MARCH 27, 2025

Its proprietary AI technology can also remove furniture, declutter listing photos and create realistic renderings of landscaping and exterior renovations. Data from the National Association of Realtors (PDF) shows that 81% of buyers think home staging helps them visualize living in the home. housing market for housing professionals.

Decorating 286

Decorating Design Real Estate Real Estate Agent 286

Housing Wire

JULY 30, 2021

And with today’s low interest rates, buyers have been rushing to purchase what’s available. The problem is, rushing to buy property might force you to settle for a house that won’t reward you financially. If you’re a buyer, you want to make sure you’re purchasing a home that’ll increase in value.

Renovations 505

Renovations Buyers Sellers Investing 505

Housing Wire

OCTOBER 28, 2021

Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year. In addition, Yun believes that increasing rents and lack of rental inventory will drive even more potential buyers into the market.

Inventory 448

Inventory Renovations Contracts Buyers 448

Housing Wire

FEBRUARY 26, 2024

As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount. 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.”

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HOA Law Insurance New Listings 501

Housing Wire

MAY 30, 2024

My advice for those buyers is to be open-minded: Consider single-family homes that are a bit outdated but don’t need major renovations, and/or homes in lesser-known, non-trendy neighborhoods. Buyers who can get by with less space should consider a condo; they’re relatively unpopular right now and many are going under asking price.”

Renovations 497

Renovations Buyers Real Estate Mortgage 497