Housing Wire

JUNE 8, 2021

One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending. “We We actually have a lower inventory of homes that people really want to live in turnkey,” Lind said.

Inventory 359

Inventory Renovations Lending Construction 359

Appraisal Buzz

JULY 30, 2024

The report notes that vacant or uninhabitable homes that have been flipped contribute new inventory comparable to new construction. below the median sales price, contributing significantly to the local housing inventory. He highlighted the role of small businesses in renovating and flipping homes, addressing a shortfall of 4.5

Real Estate 397

Real Estate Investors Renovations Construction 397

Appraisal Buzz

JUNE 14, 2024

In a landscape marked by limited turnkey housing inventory, significant affordability issues, and relentless competition from cash-rich investors, homebuyers need more than plain vanilla home loans. That is a significant increase from the 13% average between 2000-2019 in new construction.

Marketing 396

Marketing Renovations Construction Finance 396

Housing Wire

FEBRUARY 12, 2024

It also has a niche in construction and manufactured home loan programs. Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

Lending 397

Lending Renovations Construction Finance 397

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. We have not been exempted from these market and capacity issues and we now have an operational backlog for renovations and closings. construction workers.

Renovations 397

Renovations Real Estate Construction Contracts 397

Housing Wire

NOVEMBER 22, 2021

This Lunch and Learn will examine the nation’s lack of housing inventory and the factors that have contributed to a decline in homebuilding. Douglas Norman VP, Construction and Renovation Operations, On Q Financial. Sean Faries CEO, Land Gorilla. Sponsored by: Land Gorilla. Get More Info.

Renovations 397

Renovations Construction Inventory 397

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.

Mortgage 493

Mortgage Real Estate Agent Renovations Finance 493

Appraisal Buzz

APRIL 11, 2022

Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. Millennial homeowners led the way, with 75% of them renovating between 2020 and 2022. Inventory Shortage Won’t Be Solved. Greater Demand for More Space.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

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. 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 357

Construction Renovations Government Inventory 357

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

Renovations 430

Renovations Realtors Construction Mortgage 430

Housing Wire

MARCH 26, 2024

In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived. And even though we expect to see a large delivery of multifamily units over the next few years, this will not resolve the broader lack of inventory that we see across the country.”

Investors 478

Investors Marketing Inventory Real Estate 478

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns. Why Is U.S.

Inventory 68

Inventory Construction Real Estate Renovations 68

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 69

Renovations Buyers Home Improvement Realty 69

Housing Wire

APRIL 27, 2021

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. The record sales numbers of last fall have now been eclipsed by a story of free falling inventory.

Real Estate 368

Real Estate Renovations Inventory Retail 368

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

AUGUST 4, 2023

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. The ongoing shortage of housing inventory helped spur an increase in home building and home improvement activity, Kan said.

Marketing 318

Marketing Construction Renovations Home Improvement 318

Housing Wire

DECEMBER 2, 2020

For-sale inventory is at record lows. Construction is starting to pick up, so that should help alleviate things in the housing market. Four renovations to consider before selling your house. With housing market inventory so low and home prices rising, how will homeowners find a replacement property once their house is sold?

Housing Market 488

Housing Market Sellers Marketing Renovations 488

Housing Wire

MAY 21, 2024

I’m still focusing on those markets with very low (retail) inventory. 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 in Q1 2023.

Marketing 473

Marketing Investors Real Estate Investing 473

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. It remained way below the 44.6% hit in the second quarter of 2021.”

Investors 416

Investors Inventory Investing Real Estate 416

Hank Miller Team

NOVEMBER 15, 2022

Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. Atlanta Housing Inventory Everything must be kept in context. Renovations – Cooped up in their homes, renovations and updating became a thing to do. Some markets remain in flux, others have started to level off already.

Inventory 52

Inventory Renovations Housing Market Buyers 52

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. Addressing a shortage of inventory is a serious concern, especially as fall and winter approaches when total inventory traditionally drops. And it’s going to get worse. million to 1.93

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

Housing Wire

NOVEMBER 30, 2021

New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Fix and flip loans offer borrowers the ability to renovate and rehab older homes to make them more appealing to homebuyers once they’re placed back on the market.

Supply Chain 384

Supply Chain Lending Investors Renovations 384

Housing Wire

JANUARY 6, 2023

As a mortgage banker who does business solely in New Jersey, Gallo expects to see home equity loans and mortgage loans getting love in the new year — due primarily to the lack of inventory in his market and the equity built up in owners’ homes. “People always know people [who are] buying.

Business 425

Business Loan Officers Clients Inventory 425

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. Materials used. Bottom line.

Appraisal 249

Appraisal Investing Buyers Renovations 249

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. There is a lot of demand out there, with very little inventory. It may be due to inventory levels continuing to drop. It is free to visit.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

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

Will Springer Realtor

MARCH 12, 2024

Months of inventory continue to be a burden on all buyers. months’ inventory, or 45 days before the existing supply would be exhausted if not replenished. Inventory is at 1.3 Because new home construction hasn’t kept up. There is 1.9 months’ supply of condos across King County, down significantly from 2.4

Buyers 65

Buyers Construction Sellers Inventory 65

Padove Appraisal Service

JANUARY 14, 2018

The first step in evaluating the physical condition of a property is to take inventory of all its updates. A house that was built 80 years ago, with many significant improvements completed over the past 20 years (such as kitchen and bathroom renovations, roof and window replacement, heating and air conditioning replacement, etc.)

Home Improvement 78

Home Improvement Appraisal Construction Renovations 78

Raleigh Realty

JULY 12, 2022

These trends in time spent on the market and housing inventory show that homes in Raleigh will continue to be in high demand throughout the year. As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. is renter-occupied.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Patch of Land

SEPTEMBER 12, 2018

See what Robert has to say on why real estate investors are starting to look at new construction as an alternative to renovating properties. As Reuters reported in early 2018, housing inventory across the U.S. With a tightening housing supply, and increased demand, what are investors to do? So, what’s an investor to do?

Investors 35

Investors Renovations Real Estate Construction 35

Will Springer Realtor

DECEMBER 11, 2022

months of inventory. Inventories across the county for all home types now stand at 2.2 Single-family inventory is unchanged from October at 2.1 Exclusive neighborhoods such as Medina and Mercer Island have roughly 4 months of single-family inventory. A little more than a third of inventory is under contract.

Inventory 36

Inventory Supply Chain Construction Buyers 36

Cleveland Appraisal Blog

MARCH 4, 2021

For instance, a thirty-year old home may have an effective age that is the same as a fifty-year old home, if the fifty-year old home has been renovated to a degree that is comparable to the younger home. Sometimes, two homes with wide age differences can have the same effective age.

Appraisal 222

Appraisal Real Estate Real Estate Agent Loan Conditions 222

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 must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties.

Appraisal 78

Appraisal Contracts Business Construction 78

Appraisal Today

NOVEMBER 1, 2024

A homeowner may have invested heavily in a kitchen renovation, but it is the appraiser’s responsibility to carefully consider factors such as conformity, local market preferences, and house style and price range when valuing the subject property. To read more, Click Here My comments: This is the best analysis I have read on kitchens.

Appraisal 84

Appraisal Training Contracts Mortgage 84

Eppraisal

FEBRUARY 22, 2022

Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. This is especially true when housing inventories are low -- a perfect illustration of money supply outpacing economic growth. It follows that the realtor commission will also be more substantial.

Housing Market 36

Housing Market Marketing Property Taxes Home Value 36

Housing Wire

JUNE 16, 2021

According to the lobbying group, construction of long-term housing fell 5.5 The NAR is calling for a “major national commitment” to build more housing of all types by expanding resources, addressing barriers to new development and making new housing construction an integral part of a national infrastructure strategy.

Housing Market 538

Housing Market Marketing Construction Development 538

Patch of Land

OCTOBER 26, 2018

Flipping in Houston was down in the first quarter, according to ATTOM Data Solutions statistics, because of the time it takes to acquire, renovate and then flip a home. The downturn could be related, in part, to damage from hurricanes Irma and Maria last fall and the delay that results in acquiring and renovating damaged property.

Finance 31

Finance Investors Real Estate Construction 31