Appraisal Buzz

JUNE 8, 2021

An analysis by Angi finds that homeowners in lockdown during the pandemic invested billions into home improvements as the value of homeownership grew during the past year. The post Nearly $600 Billion Reported in Home Improvements in 2021 appeared first on theMReport.com.

Home Improvement 369

Home Improvement Investing Appraisal 369

Housing Wire

JANUARY 15, 2025

As high home prices continue to impact the market, many homeowners are deciding to stay put in their homes. But most still have plans to purse home renovations and younger generations are leading this new focus on home improvement. But renovation plans remained top of mind for most of them.

Renovations 415

Renovations Home Improvement Finance Buyers 415

Housing Wire

MARCH 19, 2025

According to the Improving America’s Housing 2025 report , the strength of the remodeling industry has long been supported by the aging of both homes and households, as well as high property values. The average homeowner spent almost $4,700 on improvements that year.

Home Improvement 267

Home Improvement Modernization Investing Insurance 267

Housing Wire

JANUARY 22, 2025

Home renovation projects could bring a variety of safety and efficiency improvements to older construction, but anxiety is a key element keeping many homeowners from exploring renovation projects. This is according to a report conducted by Renewal by Andersen , a home improvement company.

Renovations 366

Renovations Home Improvement Construction Mortgage 366

Housing Wire

NOVEMBER 15, 2024

Reporting earlier this year by the Associated Press (AP) also tracked the increasing desire of older Americans to remain in their homes for longer, illustrating how they were increasingly “splurging” on home modifications to better fashion their living spaces for later life’s natural mobility limitations.

Design 434

Design Renovations Retail Home Improvement 434

Appraisal Buzz

DECEMBER 29, 2021

A new study from HomeAdvisor examined the nation’s cities where investing in home improvements garnered the greatest ROI vs. the weakest. The post Where Are Home Improvements Showing the Strongest ROI? The post Where Are Home Improvements Showing the Strongest ROI? appeared first on DSNews.

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Home Improvement Investing Appraisal 195

Appraisal Buzz

DECEMBER 30, 2021

Facing stiff competition from homebuyers eager to get into their first house, more homeowners are taking an interest in do-it-yourself projects to fix or upgrade their home instead of trying to find something new. The post Survey: 1 in 4 Severely Underestimate This Home Improvement Cost appeared first on Appraisal Buzz.

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Home Improvement Buyers Appraisal 195

Housing Wire

FEBRUARY 25, 2025

That 1% growth projection is below the 1.65% rate expected by Wall Street analysts, and comes on the back of a fairly disappointing 2024, in which elevated mortgage rates , inflation and high home prices led to fewer home-improvement projects despite record levels of home equity. Decker noted that comparable sales grew 0.8%

Housing Market 189

Housing Market Home Improvement Marketing Tools 189

Housing Wire

NOVEMBER 21, 2024

Additional inventory and more home building activity will help price increases moderate next year.” While the sales pace of existing homes improved in October, properties typically remained on the market for 29 days, up from 28 days in September and 23 days a year ago.

Inventory 370

Inventory Home Improvement Realtors Real Estate 370

Housing Wire

NOVEMBER 12, 2024

Home Depot raised its fiscal outlook after strong third-quarter 2024 sales, driven by demand for seasonal goods and hurricane preparation in the Southeast. The world’s largest home improvement retailer and fourth-largest U.S. retailer by market capitalization reported $40.2 billion in sales for the quarter ending Oct.

Housing Market 434

Housing Market Marketing Retail Home Improvement 434

Housing Wire

NOVEMBER 13, 2024

The Home Depot Foundation — the philanthropic arm of the home improvement retail conglomerate — announced that it is investing $10 million for the purpose of enabling older military veterans to age in place in their homes.

Investing 370

Investing Renovations Retail Technology 370

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. billion in home improvement projects.

Renovations 443

Renovations Home Improvement Marketing Finance 443

Appraisal Buzz

FEBRUARY 26, 2025

With roughly 52% of investors intending to spend at least $5,000 or more per unit on home improvement projects, U.S. landlords are giving priority to property upgrades in addition to purchases. Some 27% of landlords nationwide intend to make renovations totaling at least $20k per property.

Real Estate 327

Real Estate Investors Landlords Renovations 327

Eyes on Housing

JANUARY 16, 2025

Remodelers are more optimistic about the market than they were earlier in the year, corroborated by NAHBs recent analysis of home improvement loan applications. The NAHB/Westlake Royal Remodeling Market Index (RMI) posted a reading of 68 for the fourth quarter of 2024, up five points compared to the previous quarter.

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Marketing Home Improvement 208

Housing Wire

JANUARY 9, 2025

This finding likely stems from an increase in renovation costs over the past three years, forcing some buyers to pursue costly financing sources to improve their homes. A study by online home improvement platform Houzz highlighted a 60% increase in renovation expenses between 2020 and 2023.

Buyers 418

Buyers Renovations Housing Market Home Improvement 418

Housing Wire

NOVEMBER 20, 2024

JS: Home equity can be strategically used to manage financial challenges, debt consolidation, home improvement, and health care costs, particularly for aging homeowners. HW: Can you talk a bit about how equity can be a proactive financing tool?

Finance 369

Finance Marketing Lending Mortgage 369

Eyes on Housing

AUGUST 24, 2023

According to National Income and Product Accounts (NIPA), expenditures for residential home improvements soared 13% to $328 billion in 2021, from $289 billion in 2020. The residential remodeling market has grown rapidly in the past few years, mainly fueled by changes in housing and lifestyle decisions during the pandemic period.

Home Improvement 148

Home Improvement Marketing Construction 148

Housing Wire

JULY 24, 2024

“Widening doorways, enlarging bathrooms and installing stair lifts in an older home can quickly become expensive,” the column said based on his input, but there are still less expensive options that can go a long way.

Renovations 475

Renovations Home Improvement Retail Design 475

Housing Wire

MAY 28, 2021

A turnkey property is usually ideal for homebuyers looking for an investment property, or those who don’t want to take on home improvement projects. Buildword reported that 67% of turnkey buyers purchased their home to avoid being bothered with a fixer-upper. The costs to fix up a home varies. Fixer-Upper. Bottom Line.

Renovations 508

Renovations Home Improvement Real Estate Agent Real Estate 508

Appraisal Buzz

NOVEMBER 15, 2024

When used responsibly, home improvements can benefit a borrower by not only adding value to their home but also enhancing their quality of life. That’s why it’s important to speak with a mortgage professional to identify the purpose and potential impact of using your equity, ensuring it meets long-term financial goals.”

Renovations 370

Renovations Lending Investing Home Improvement 370

Housing Wire

JANUARY 23, 2024

Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging.

Renovations 523

Renovations Home Improvement Inventory Housing Market 523

Housing Wire

MAY 7, 2021

In the past year, there’s been an upturn in home improvement projects. According to a survey completed by Bid-On-Equipment, 89% of American homeowners made some sort of improvement to their homes during the pandemic. With so many American’s spending time at home, this really shouldn’t come as a surprise.

Home Value 468

Home Value Home Improvement Modernization Buyers 468

Housing Wire

MAY 10, 2021

announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Lending and services platform Finance of America Inc. Homeowners can also use it to access financing solutions through their contractor.

Renovations 397

Renovations Finance Home Improvement Lending 397

Housing Wire

FEBRUARY 20, 2025

As mortgage rates continue to be volatile, our rate sale helps provide relief to customers who entered the housing market when rates were elevated, or help address an immediate cash need, such as for debt consolidation, funding retirement, home improvement, paying off credit cards, etc.,

Lending 309

Lending Home Improvement Home Value Design 309

Housing Wire

JUNE 10, 2021

According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process.

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

Housing Wire

APRIL 8, 2021

Despite ongoing lockdowns, social distancing and cutbacks on how many customers can enter the store at a time, Home Depot still managed to boost customer transactions by nearly 9% from the year prior. The share of people who made improvements to their home that amounted to more than $10,000 was 10%, double that of pre-COVID-19 levels. .

Renovations 345

Renovations Home Improvement Retail Marketing 345

Housing Wire

AUGUST 27, 2021

Certain home improvements are considered “capital improvements.” that falls under “capital improvements.” While not every upgrade will increase your home’s value, when you sell your house, you can write off your capital improvements. Average cost: $26,214 Average resale value: $18,927 Cost recouped: 72.2%.

Renovations 459

Renovations Home Improvement Investing Home Value 459

Appraisal Buzz

NOVEMBER 13, 2024

A Grandmillennial style bedroom, courtesy of Amitabha Studio Luxurious “Spa-Inspired” Wet Rooms Charm Homebuyers The newest spa-inspired home improvement is this opulent design element, which is often found in upscale hotels.

Buyers 418

Buyers Design Real Estate Agent Real Estate 418

Housing Wire

SEPTEMBER 23, 2020

It allows for actual home improvements to complement contemporary lifestyles. In turn, the program opens access to much-needed renovation capital for borrowers. As with any program, there are parameters, but this one isn’t confined to repairs.

Renovations 544

Renovations Insurance Home Improvement Design 544

Appraisal Buzz

OCTOBER 1, 2024

While 51% of homeowners have shown increased interest in weather-related home improvements, only one-third have acted. High costs and prioritizing cosmetic updates are the main barriers to weather-proofing homes. 73% of homebuyers are willing to pay more for weather-proofed homes.

Home Improvement 418

Home Improvement Insurance Home Value Sellers 418

Housing Wire

JANUARY 21, 2025

Furthermore, servicers can leverage these relationships to approach consumers with value-added services including asset protection, insurance products, home improvement loans, and maintenance options. Effective loan servicing positions servicers as reliable advisors for the homeowner.

Mortgage 368

Mortgage Investors Insurance Modernization 368

Housing Wire

AUGUST 14, 2024

These offers can include providing sellers an immediate cash offer, upfront loans for home improvements, and giving special incentives to essential workers such as police officers, nurses and teachers. The brokerage utilizes a method it calls “make offer for immediate response,” or MOFIRs.

Real Estate Agent 435

Real Estate Agent Home Improvement Brokerage Valuation 435

Eyes on Housing

JULY 27, 2023

Increased levels of new home construction and sales are leading some buyers to expect the home search to get easier in the months ahead.

Home Improvement 147

Home Improvement Construction Buyers 147

Housing Wire

JULY 16, 2024

In February, Curbio joined the program, offering pre-sale home improvement services and financing. Tenants can use the app to pay rent, generate reports for credit agencies and submit maintenance requests. NAR has been busy adding partners this year to its Realtor Benefits Program.

Landlords 423

Landlords Tenants Real Estate Agent Property Management 423

Housing Wire

MAY 22, 2024

“The demand for inconspicuous safety bars, lower sinks, residential elevators and other amenities has given home improvement chains, contractors, designers and architects a noticeable lift.” The Home Depot is refreshing an in-house brand with accessibility in mind for things like grab bars and easier-to-use faucets.

Renovations 459

Renovations Design Home Improvement Advertising 459

Housing Wire

SEPTEMBER 24, 2024

Macintosh most recently served as president of the home improvement division at Finance of America. “His strong leadership skills and financial expertise will help us continue to bring Roemanu and its subsidiaries to the next level.”

Investing 430

Investing Home Improvement Finance Business 430

Eyes on Housing

OCTOBER 11, 2024

Residential improvement spending softened in 2023 due to elevated interest rates, high inflation, and sluggish home sales. According to the Bureau of Economic Analysis’ National Income and Product Accounts (NIPA), expenditures for residential home improvements rose 2% to $363 billion in 2023, from $356 billion in 2022.

Home Improvement 88

Home Improvement Marketing 88