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Survey: Home Renovation Projects Increase, But Insurance Coverage Lags

Appraisal Buzz

One aspect of this is borne out in a recent study from Nationwide , which shows that 51% of homeowners surveyed had completed a major home renovation project in the last two years. Empty Nesters Spending the Most on Renovations The share of empty nesters undertaking home renovations may be similar to that of general U.S.

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FHA plans to revamp its 203k renovation program

Housing Wire

Department of Housing and Urban Development (HUD) said Tuesday during the 2022 HousingWire Annual event held in Scottsdale, Arizona. According to Joseph, homes needing renovation can be “daunting,” especially for first-time homebuyers looking for something that is turnkey.

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Top renovations to protect homes from natural disasters

Housing Wire

According to tallies, damages clocked it at over $1 billion for at least 10 different events. Try one of these renovations: More for Real Estate Enthusiasts. Four renovations to consider before selling your house. The post Top renovations to protect homes from natural disasters appeared first on HousingWire.

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Consumers Delay Life Plans Amid Inflation Pressures

Appraisal Buzz

Sticker Shock: Prices Far Higher Than Expected A major driver of these shifting behaviors is continued sticker shock, with 90% of Americans reporting surprise at the cost of common expenses like dining out, event tickets, and even bottled water. Actual prices are often 55% to 200% higher than expected.

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Why real estate professionals must return to old-school thinking in 2025

Housing Wire

Create hyper-local strategies that focus on building connections in communities or farm areas through events, personalized outreach, and targeted farming strategies. For example, focus on value-driven events like sponsored educational workshops, or create opportunities to meet prospects and gain their permission to stay in touch.

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The Rise of Multigenerational Housing: Lending Trends and Opportunity

Appraisal Buzz

Even middle-aged couples often welcome their aging parents into their homes and must renovate their space to accommodate their changing needs. Lenders can provide expert guidance on options like renovation loans, home equity solutions, and reverse mortgages.

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FOA lowers rate, expands HomeSafe Second reverse mortgage into new states

Housing Wire

It “empowers financially secure homeowners to tap into their home equity for meaningful pursuits — be it renovating their living space, funding a child’s education or buying a second home,” she said. In October 2023, FOA announced a rollout of HomeSafe Second to an expanded pool of direct retail loan officers and wholesale brokers.

Mortgage 434