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.

Home Improvement 195

Home Improvement Buyers Appraisal 195

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 447

Renovations Home Improvement Marketing Finance 447

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

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

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

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

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

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

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 432

Landlords Tenants Real Estate Agent Property Management 432

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

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 434

Investing Home Improvement Finance Business 434

Housing Wire

JUNE 20, 2024

The 2017 law also made interest from home equity loans non-deductible except for when the money is applied to home improvements or renovations. The eligible deduction was lowered from total mortgage balances of $1 million under prior law to $750,000.

Mortgage 497

Mortgage Bracketing Law Property Taxes 497

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

Housing Wire

APRIL 5, 2023

Per the HMDA data, Rocket appears to have edged United Wholesale Mortgage (UWM) in volume because it offers home improvement loans, whereas UWM does not. According to iEmergent’s analysis, Rocket originated $1 billion in home improvement loans in 2022, which proved the difference. billion.

Mortgage 370

Mortgage Home Improvement Brokerage Lending 370

Housing Wire

SEPTEMBER 16, 2021

The share of firms making a percentage of net revenue from ancillary services, such as relocation services, mortgage lending, title and escrow services, and home improvement services, increased from 39% in 2018 to 42% in 2021. However, with 49% of the firms surveyed being one-office shops, that could be the reason.

Real Estate 455

Real Estate Business Brokerage Open Houses 455

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 435

Design Renovations Retail Home Improvement 435

Housing Wire

DECEMBER 1, 2022

That is money they’ve earned and saved, and we want to make it as easy as possible to access that for home improvements, debt consolidation, or whatever else they may want to use it for.”. “The average American has more than 70% of their net worth tied up in the equity of their house,” said William Schoeffler, CEO and founder of Hitch.

Renovations 468

Renovations Home Improvement Government Tools 468

Housing Wire

JANUARY 30, 2024

Another $700 million is expected to be invested in mortgage lending, with a focus on rural areas, the development of community mortgage loan officers, small-dollar mortgages and home improvement loans, among other products for LMI borrowers.

Investing 434

Investing Mortgage Lending Loan Officers 434

Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Business 448

Business Investors Finance Home Improvement 448

Housing Wire

NOVEMBER 23, 2021

This form of refinancing can help borrowers who need a source of money to add additional value to their home, especially as the current market is incredibly attractive for sellers. Through conversations on better management and leverage of home equity, mortgage providers can help borrowers improve their financial outlook.

Investing 448

Investing Home Improvement Home Value Mortgage 448

Housing Wire

JUNE 9, 2022

Patrick Dodd, CEO of CoreLogic, said home equity grew in tandem with home prices, which were up by 20% in March, compared to a year earlier. This has led to the largest one-year gain in average home equity wealth for owners and is expected to spur a record amount of home-improvement spending this year,” Dodd said in a statement.

Home Improvement 482

Home Improvement Mortgage Housing Market Real Estate 482

Housing Wire

FEBRUARY 6, 2024

Another recent study found that 55% of surveyed baby boomers plan to remain in their existing homes as they age, but less than one-quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging.

Renovations 476

Renovations Home Improvement Investing Clients 476

Appraisal Buzz

JUNE 25, 2024

Home Improvement Projects Play Their Part in Growing Home Costs Home improvement initiatives are frequently associated with buying a new home, such as installing new appliances. At first, only 53% of homeowners thought that owning a house would be fun.

Home Improvement 370

Home Improvement Buyers Renovations Inspection 370

Housing Wire

AUGUST 5, 2020

For example, the rate is not for cash-out loans for debt consolidation or home improvements. I also hopped on the phone with Mark Goldman, a broker with C2 Financial Corp.’s s San Diego office, to get a better understanding since he originates a lot of UWM’s Conquest loans. He pointed out that there are restrictions.

Mortgage 528

Mortgage Loan Officers Lending Advertising 528

Housing Wire

JANUARY 19, 2024

million investment Patriot will make, subject to court approval, At least $1.3

Loan Officers 481

Loan Officers Lending Advertising Home Improvement 481

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

MARCH 3, 2022

“This quarter, our mortgage segment posted a loss, which can be primarily attributed to our nascent home improvement business.”. It also has a home improvement business. The company’s strategy is to sell more specialty finance and services products through mortgage channels.

Finance 397

Finance Investors Mortgage Home Improvement 397

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

SEPTEMBER 29, 2022

If the deal goes through, it would instead focus on other lines of business , such as reverse mortgages, commercial lending and home improvement. FoA, which has struggled mightily this year, appears to be exiting the forward mortgage originations space with the planned restructuring.

Retail 459

Retail Finance Business Home Improvement 459

Boston Appraisal

NOVEMBER 9, 2023

The effect that home improvements have on an appraisal can vary depending on the type of improvement, the quality of the work, and the local real estate market. What are some common home improvements that can increase appraisal values? What are some common home improvements that can increase appraisal values?

Home Improvement 78

Home Improvement Appraisal Renovations Real Estate 78