Housing Wire

SEPTEMBER 16, 2021

Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed. In 2018, 1% of surveyed brokerages said their business came from open houses. million in 2018.

Real Estate 447

Real Estate Business Brokerage Open Houses 447

Housing Wire

NOVEMBER 21, 2024

After tumbling over the past few months, existing-home sales are giving real estate and mortgage professionals a reason to smile. The seasonally adjusted annual rate of existing-home sales rose 3.4% year-over-year improvement, marking the first annualized increase since July 2021. “The This also was a 2.9%

Inventory 370

Inventory Home Improvement Realtors Real Estate 370

Housing Wire

AUGUST 14, 2023

Though this would typically signal a time for panic across the residential real estate profession, those who can focus on servicing their clients with a mind for the future will be well positioned for whenever the economics for home buying become more favorable. Educate and update Stay connected. Keep the door open.

Real Estate Agent 369

Real Estate Agent Real Estate Clients Agents 369

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. What does a real estate reporter do to mark the one-year anniversary of the Sitzer/Burnett jury verdict ? Funny you should ask. If you’re in the area, feel free to stop by with a paintbrush!

Agents 435

Agents Inspection Real Estate Sellers 435

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. . While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. Are you thinking about selling your home?

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

Appraisal Buzz

NOVEMBER 13, 2024

When selling a home for sale, competent real estate agents will emphasize the qualities that buyers are looking for since they have a unique understanding of what they desire. It is an indication that a feature is in demand and appealing to a buyer when it appears in an increasing percentage of listings.

Buyers 418

Buyers Design Real Estate Agent Real Estate 418

Housing Wire

MAY 28, 2021

Keep reading to learn whether a turnkey home or fixer-upper is the right option for you: More for Real Estate Enthusiasts. A turnkey home is a property that doesn’t require any major repairs or renovations. Some real estate agents use the term turnkey to describe a home that’s completely refurbished.

Renovations 508

Renovations Home Improvement Real Estate Agent Real Estate 508

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. When you make offers for long-term response, you are out of the market. And you get smarter by making offers,” Keller said.

Real Estate Agent 435

Real Estate Agent Home Improvement Brokerage Valuation 435

Housing Wire

JULY 16, 2024

Working alongside NAR opens the door to many collaborative initiatives, including positioning RentRedi as the go-to property management tool for real estate agents and their clients.” In February, Curbio joined the program, offering pre-sale home improvement services and financing.

Landlords 430

Landlords Tenants Real Estate Agent Property Management 430

Housing Wire

SEPTEMBER 24, 2024

Macintosh most recently served as president of the home improvement division at Finance of America. billion to fund a variety of midsized real estate deals across North America. “His strong leadership skills and financial expertise will help us continue to bring Roemanu and its subsidiaries to the next level.”

Investing 433

Investing Home Improvement Finance Business 433

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 448

Mortgage Real Estate Inventory Construction 448

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.

Mortgage 370

Mortgage Home Improvement Brokerage Lending 370

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

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

OCTOBER 28, 2021

Many lenders cemented their positions with real estate agents while other lenders focused on refi business. For instance, it is estimated that 15-20% of an originator’s database includes real estate investors. Simply expanding purchase business, however, is not easy.

Lending 362

Lending Real Estate Finance Real Estate Agent 362

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Transactly , a real estate transaction platform that provides automation, integrations and tech-enabled services that significantly reduce process time, placed 126th in 2023. The self-reported list ranks U.S.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

The Robert Weiler Company

NOVEMBER 9, 2021

And, if you have a real estate investor in your life, the gift-finding pursuit can be quite a challenge. Here are some fantastic ideas for residential real estate investors: 1.) While gift cards tend to carry a reputation for being “quick” gifts, to a real estate investor, they are a home run.

Real Estate 147

Real Estate Investors Investing Home Improvement 147

The Robert Weiler Company

NOVEMBER 4, 2021

And, if you have a real estate investor in your life, the gift-finding pursuit can be quite a challenge. Luckily, your serendipitous muses at The Robert Weiler Company are here to offer some awesome, functional, and fun gift ideas for your favorite real estate investor – whether they’re into homes, buildings, or anything in between!

Real Estate 148

Real Estate Investors Home Improvement Investing 148

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

JULY 6, 2023

Very little inventory Mike Simonsen, founder and president of real estate data firm Altos Research , said many homebuyers are adjusting to higher rates, however, and finding ways to pursue home-purchase transactions. NAR is advocating for temporarily lower capital gains taxes for mom-and-pop real estate investors [i.e.,

Inventory 488

Inventory Renovations Real Estate Government 488

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

JUNE 1, 2022

Howard Hanna Real Estate Services. Finance of America Home Improvement. VP, Correspondent Lending. United Wholesale Mortgage. Chris Channell. Regional VP. Draper and Kramer Mortgage Corp. Dennis Cestra, Jr. President, Pennsylvania Region. Derek Schairer. General Manager of Homebuilder Partnerships. Dominique Buckner.

Architecture 397

Architecture Realty Insurance Lending 397

Appraisal Buzz

OCTOBER 2, 2024

The situation has affected various groups—renters struggling to buy, homeowners looking to upgrade, and retirees hoping to downsize—all of which are feeling the bottleneck in the real estate sector. As of June 2024, existing-home sales dropped by 5.4% Recent research from Point highlights how this deadlock has worsened.

Renovations 370

Renovations Housing Market Home Improvement Inventory 370

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

AUGUST 4, 2023

The ongoing shortage of housing inventory helped spur an increase in home building and home improvement activity, Kan said. Over the month, a job gain in real estate and rental and leasing (+12,000) partially compensated for a loss in commercial banking (-3,000).

Marketing 368

Marketing Construction Renovations Home Improvement 368

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? How do appraisers determine the value of home improvements?

Home Improvement 78

Home Improvement Appraisal Renovations Real Estate 78

Housing Wire

AUGUST 31, 2020

But just like during the housing crisis, business practices will improve, whether that’s securing the balance sheet of the company or making the origination process more efficient for our brokers and consumers. The strong fundamentals will drive non-QM lenders and their capital partners to re-enter the space.

Lending 397

Lending Retail Housing Market Home Improvement 397

Housing Wire

FEBRUARY 9, 2023

Partnering with a real estate agent for these conversations can also be beneficial. Those clients may then be interested in moving up or doing home improvements, which is another opening for business. They’re sharing their loans within the context of those bigger goals,” Savage said.

Loan Officers 370

Loan Officers Real Estate Agent Real Estate Clients 370

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 433

Investing Mortgage Lending Loan Officers 433

Housing Wire

OCTOBER 26, 2020

Servicers can use real-time borrower data to offer money-saving refinances, home improvement loans, and new home search options to keep borrowers off real estate portals that lure customers away.

Technology 407

Technology Investors Modernization Home Improvement 407

Padove Appraisal Service

JANUARY 14, 2018

I am often asked which home improvements “count” towards the appraised value of a house. Many people envision a list of improved items with predetermined relevancy, along with a specific dollar value assigned to each of those items. Using this method, the appraiser examines recent sales of similar homes in the neighborhood.

Home Improvement 78

Home Improvement Appraisal Construction Renovations 78

Housing Wire

APRIL 15, 2021

Kingston is an ideal city for outdoors types, said Win Morrison, owner of Win Morrison Real Estate in upstate New York. “I sell homes from the Canadian border all the way down to Manhattan, and Kingston is one of my hottest spots,” Morrison said.

Housing Market 418

Housing Market Marketing Transportation Realty 418

Housing Wire

APRIL 13, 2023

Remodelers are generally optimistic about the home improvement market, although some are noting negative effects of material shortages and higher inter e st rates ,” Alan Archuleta, NAHB Remodelers Chair, said in a statement. Customers are still undertaking larger projects, but are mostly paying cash rather than financing them.”

Marketing 370

Marketing Home Improvement Finance Housing Market 370

Birmingham Appraisal

NOVEMBER 20, 2024

I think it is important to revisit these inaccuracies for the benefit of new people getting into the real estate market. 10 Appraisal Myths You Should Not Believe Myth #1: All real estate appraisers are the same All appraisers are not the same and they vary based on the amount of education and experience they have.

Real Estate 91

Real Estate Appraisal Inspection Contracts 91

Housing Wire

MARCH 10, 2023

Closed fixed-rate second-lien [home-equity] loans have been up the least in terms of volume, Toohig said, with HELOCs leading the charge — along with unsecured personal loans used for home improvement. (A Another major player in the shared-equity investment (HEI) market is the real estate investment trust (REIT) Redwood Trust.

Housing Market 370

Housing Market Marketing Contracts Lending 370

McKissock

APRIL 14, 2021

How many of your real estate clients have used you before in a home sale? A survey by the National Association of REALTORS® (NAR) said 91 percent of buyers would likely use the same real estate sales agent again or recommend them to a friend. Stay in touch with real estate clients.

Real Estate 86

Real Estate Clients Business Real Estate Agent 86