Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 535

Construction Renovations Insurance Landlords 535

Housing Wire

OCTOBER 15, 2024

Pros of New Construction Lower competition: In a low-inventory market, building a home means homebuyers take themselves out of the competition with resale buyers and bypass the stress of bidding wars. This can range from features such as more enormous closets, kitchens, and bathrooms to designated home offices or family spaces.

Construction 488

Construction Buyers Agents Marketing 488

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

Appraisal Buzz

JUNE 14, 2024

In today’s low-volume market cycle, mortgage originators can build business by focusing on purpose-built loan products designed to overcome the specific challenges homebuyers face in the current market. But, first-time homebuyers can be leery of taking on renovations, especially if they are tight on cash.

Marketing 396

Marketing Renovations Construction Finance 396

Housing Wire

JULY 30, 2021

Due to low inventory, sellers are able to put their homes up at a higher rate. By investing money into your property through renovations and upgrades, you increase the home’s price tag. Watch Out For Specific Designs. In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013.

Renovations 505

Renovations Buyers Sellers Investing 505

Housing Wire

DECEMBER 5, 2024

Census Bureau over a five-year period shows that prices for manufactured homes have risen by nearly 60% as the nation continues to contend with a housing affordability crisis that stems in part from a shortage of sufficient inventory. The study from LendingTree found that the average price of a new manufactured home sold in the U.S.

Land Lease 417

Land Lease Renovations Modernization Design 417

Housing Wire

JULY 10, 2024

Market Inventory: What is the current market and micro-market inventory? Understanding the type of market you’re in and the current inventory are significant pieces of information that can help you determine the selling price of a property. Balanced Market – Six months of housing inventory in the area.

Sellers 435

Sellers Real Estate Agents Clients 435

Housing Wire

JANUARY 20, 2021

Across the country, local zoning ordinances have consistently been designed to inhibit the development of medium and high density-housing. Finally, we need to renovate our existing housing stock. In some areas, zoning boards have restricted homeowners from even building a carriage house on their property, citing increased density.

Renovations 459

Renovations Law Development Real Estate 459

Housing Wire

MAY 12, 2021

Using new and automated technology in construction is the natural next step to making smarter decisions on and off site, from planning and designing to sourcing materials and scheduling workers. But, in other areas, machines are already proving to be better, faster and safer. Bringing more services under one roof.

Construction 482

Construction Logistics Technology Real Estate 482

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 448

Investors Investing Inventory Real Estate 448

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. With Wise Pelican, you can try both — it’s a fantastic resource for beautifully designed postcards and letters.

Real Estate 464

Real Estate Open Houses Brokerage Real Estate Agent 464

Empire Appraisal Group

OCTOBER 17, 2024

By Spiderstock/Getty Images Source: [link] Costly Home Renovation Mistakes to Avoid By Courtney Klosterman While rewarding, home renovations can be time consuming, costly and frustrating. But renovating can be tricky even for homeowners with experience let alone someone without that technical knowledge.

Renovations 78

Renovations Inspection Tools Insurance 78

Cleveland Appraisal Blog

APRIL 29, 2021

Any repairs that can be made without requiring an extensive renovation should be made, it’s a great move to ensure a higher value. However, adding a bathroom to your floorplan is one of the pricier renovation projects you can undergo, so it may not be within everyone’s budget. Photo by Collov Home Design on Unsplash.

Appraisal 251

Appraisal Investing Renovations Buyers 251

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. That’s by design and it's disingenuous and misleading. Renovations – Cooped up in their homes, renovations and updating became a thing to do. Why move now?

Inventory 52

Inventory Renovations Housing Market Buyers 52

Appraisal Today

NOVEMBER 1, 2024

Conversely, in high-end homes, buyers expect the latest designs, features and finishes; and therefore, an outdated kitchen may be considered as functional obsolescence. Remember, ultimately a kitchen’s value lies in its ability to enhance the overall appeal and functionality of the home, not its initial cost or the cost of renovation.

Appraisal 86

Appraisal Training Contracts Mortgage 86

The Robert Weiler Company

APRIL 7, 2023

Commercial real estate developers are ensuring that the goal of Earth Day is being met, as evidenced by widespread initiatives in green design and sustainable building. Upgrades to existing buildings brought an even bigger reduction in operating costs globally, with green renovations at 11.5% savings over five years.

Real Estate 109

Real Estate Construction Investing Development 109

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M I’m always looking for something new = What Impact Do Renovations Have on Appraisal Value?

Tools 67

Tools Appraisal Renovations Design 67

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

Lamacchia Realty

AUGUST 8, 2024

Before the market shift in March 2022, interest rates were lower than ever , but so was the amount of inventory. You can make it your own and renovate and design it any way you’d like. When you make renovations , you’re also potentially increasing the overall value of the home.

Landlords 74

Landlords Mortgage Realty Renovations 74

Chicagoland Appraisal Blog

APRIL 3, 2020

Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. According to Chicago-based designer and builder Sebring , quartz is still the top choice, followed by granite and marble. Sebring is seeing a surge in industrial-style sinks and vanities in Chicago bathroom renovations.

Real Estate Agent 78

Real Estate Agent Architecture Modernization Buyers 78

Lamacchia Realty

JULY 13, 2022

Before the market shift in March 2022, interest rates were lower than ever , but so was the amount of inventory. You can make it your own and renovate/design it any way you’d like. When you make renovations, you’re also potentially increasing the overall value of the home.

Landlords 68

Landlords Mortgage Renovations Buyers 68

Cornerstone

JUNE 8, 2021

Homeowners aren’t sure if they’ll need to renovate to receive a competitive offer. Since inventory is so tight, many more homebuyers are opting to take on renovation projects themselves so they can nab the home they have their eye on. Now is the optimal time to do it.

Marketing 49

Marketing Sellers Renovations Loan Officers 49

Listing Spark

SEPTEMBER 23, 2024

Use keywords effectively : Include terms that buyers might search for, such as “open floor plan,” “recently renovated,” or “close to schools.” Is inventory low or high? These images are designed to make your home stand out in crowded social feeds. Are home prices rising or falling?

Buyers 68

Buyers Modernization Real Estate Agent Real Estate 68

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

Appraisal Today

FEBRUARY 16, 2024

She designed more than 700 buildings in California during a long and prolific career. I appraised many of them, but never noticed any effect, plus or minus, for historic designation. Please contribute to an appraiser who is fighting back! == This design in a suburban location has been well-preserved in Worthington, Ohio.

Appraisal 84

Appraisal Contracts Training Architecture 84

Lamacchia Realty

JULY 29, 2022

Summer is the best time of the year to conduct a house inventory and spend quality time with loved ones. Home renovation projects don’t need to be expensive or time-consuming in order to be helpful. 10 SUMMER IMPROVEMENT PROJECTS FOR YOUR FLORIDA HOME. Improvement projects for your Florida home to tackle this summer.

Home Improvement 41

Home Improvement Renovations Investing Buyers 41

Housing Wire

FEBRUARY 5, 2025

Green and sustainable building practices are becoming the norm, and recent natural disasters have made it clear that thoughtfully designed homes built with the right materials can also protect against catastrophic loss. An in-depth knowledge of home renovation and a keen eye to spot diamonds in the rough.

Real Estate 261

Real Estate Real Estate Agent Architecture Clients 261

Will Springer Realtor

FEBRUARY 13, 2025

Well, thats starting to feel a lot like modern home design. The result: homes that are more compact yet cleverly designed because in todays market, virtually every square foot has to pull double duty. It should be no surprise that dollars (or lack thereof) drive change and thats true with home design. The formal dining room?

Property Taxes 36

Property Taxes Design Buyers Market Value 36

Will Springer Realtor

OCTOBER 8, 2021

The combination of buyers leaving the market, which brings down demand, and the slow but steady increase in new listings has beefed up inventory slightly month-to-month. Inventories improved fractionally. months of inventory across all homes in King County, up from 0.6 Eastside inventories are the lowest in the county, now at 0.4

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Appraisal Today

JULY 29, 2022

Excerpts: Built in 1959 and designed by Tollyn Twitchell for Ralph Twitchell Architects, the 3,419-square-foot, ranch-style home is listed for $3 million. The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical. With four bedrooms and 4.5 July 25, 2022 .

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

JULY 21, 2021

“The first house I rehabbed last year, it was a house that had fire damage in the kitchen, and it was just kind of an eyesore on a nice quiet street,” said McCormick, who said she purchased the home for $25,000 and then put $65,000 into renovations before selling to an owner-occupant buyer for $134,000. “It of the 2021 estimated market value.

Real Estate 488

Real Estate Investors Market Value Home Value 488

Appraisal Today

JULY 7, 2023

Despite the home’s age, it isn’t a money pit or desperate for a renovation. However, the “mortgage lock-in” phenomenon—where homeowners are reluctant to sell after buying or refinancing at lower rates before 2022—could limit future sales and inventories. The uniquely designed, circular home features 3,509 square feet of living space.

Appraisal 80

Appraisal Real Estate Contracts Mortgage 80

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications. . == Glorious Gilded Age Mansion for $29.9M The 30-year fixed rate increased to 6.69

Easement 52

Easement Contracts Appraisal Inspection 52

Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Total inventories were little changed from March to April. existing home sales. month from 0.6,

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”).

Buyers 36

Buyers Development Construction New Listings 36

Housing Wire

JULY 5, 2024

Inventory is climbing, but not at a rate fast enough to undo supply issues that have been “years in the making,” Fairweather added. Fairweather added that the importance of the housing issue was seen in the recent U.S. I don’t think that the problems with the housing market are going to clear up in a matter of years. It could take a decade.”

Housing Market 448

Housing Market Renovations Realtors Design 448

Will Springer Realtor

MARCH 14, 2022

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Most owners will contract work out for major renovation projects while doing DIY work on replacing flooring, painting or improving outdoor space, the survey from LendingHome showed. Condo inventory is not much better. There is 0.6

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36