Housing Wire

AUGUST 2, 2024

properties sold at foreclosure auction, showed that this trend is being fueled by rising levels of inventory on the retail market. Data from Altos Research found that the inventory of single-family homes for sale was up 40% year over year at the end of July. from May to June.

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Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data.

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Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

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Housing Market Renovations Marketing Retail 397

Appraisal Buzz

FEBRUARY 3, 2025

It seems the Big Apple seems to stay on some sort of list when it comes to the housing market, doesnt it? For example, in New York City, tax exemptions of up to 90% are available for renovated buildings that contain at least 25% affordable flats. In a similar vein, the Housing in Downtown initiative in Washington, D.C.,

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Renovations Construction Modernization Inventory 345

Housing Wire

FEBRUARY 28, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Annapolis, Maryland. Manchester, New Hampshire. Provo, Utah.

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Housing Market Marketing Buyers Agents 418

Housing Wire

JUNE 28, 2023

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. Also, housing demand stabilized from its waterfall collapse in 2022.

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Investors Housing Market Marketing Renovations 397

Housing Wire

SEPTEMBER 23, 2022

A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market. of the nation’s total housing inventory.

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Inventory Housing Market Investors Investing 370

Appraisal Buzz

OCTOBER 23, 2024

Just waiting for the market to correct and find balance,” wrote one Auction.com buyer, in response to a survey regarding the impact of market conditions on bidding and purchasing behavior at auction. “I The supply of REO auctions followed a similar pattern, albeit at a lower level.

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Retail Marketing Inventory Development 370

Housing Wire

JUNE 10, 2024

This is according to a recent column published by Fortune , which examined the dynamics that could contribute to boomers staying in their homes longer while many millennials are challenged to enter the housing market in the first place. Data shared with the outlet indicated that baby boomers make up roughly one-third of all U.S.

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Housing Market Renovations Inventory Realtors 488

Housing Wire

OCTOBER 25, 2021

Although this is a clear sign of a slowing market, housing economists say the changes are along the lines of typical seasonal slowdowns. In addition, with one-third of homes stayed on the market for less than a week and inventory was down 13% from a year prior.

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Renovations Inventory Agents Housing Market 435

Housing Wire

OCTOBER 28, 2021

“It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year.”. Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year.

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Inventory Renovations Contracts Buyers 448

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. This fish phenomenon reminds me of the housing market today. There is a lot of demand out there, with very little inventory. It is free to visit.

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Housing Market Marketing Reconsideration of Value Contracts 368

Appraisal Buzz

JULY 30, 2024

Surge in Home Flips In 2023, New Western operated across 42 markets, where there were 185,272 new builds compared to 163,894 home flips. The report notes that vacant or uninhabitable homes that have been flipped contribute new inventory comparable to new construction. Boston investors sold flips at 7.8% below the median sales price.

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Real Estate Investors Renovations Construction 397

Appraisal Buzz

APRIL 11, 2022

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Millennials Still Prefer Renovating. Inventory Shortage Won’t Be Solved. More Second Home Purchases.

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Buyers Renovations Supply Chain Housing Market 370

Housing Wire

NOVEMBER 4, 2021

Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

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Construction Renovations Training Development 529

Housing Wire

FEBRUARY 6, 2025

It reflects another pressing issue of imbalanced supply and demand in the housing market. In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most of those high-priced homes were existing properties, interestingly enough.

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Mortgage Training Construction Investors 306

Housing Wire

APRIL 22, 2021

Robbin Sutton with DASH Realty Carolina has been a broker for 20 years, and she’s never seen anything like the current housing market in the Raleigh-Durham metro. I’ve had a few couples from New York — Manhattan and Brooklyn — that come down here armed with cash, but inventory is low and there’s nothing for them.

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Buyers Inventory Renovations Realty 459

Appraisal Buzz

FEBRUARY 12, 2025

More than half (56%) of listings are sitting on the market for at least 60 days without going under contract, roughly the same share during this time of year in 2023 and 2024. Thats down from the prior month, when 61% of listings were on the market for at least 60 daysthe highest share in five years.

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Contracts Buyers Renovations Sellers 243

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. Despite the Fed’s continued accommodative stance, the housing market is showing signs of cooling. But the low rates made little difference in the purchase market, as home prices continue to rise. “A

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Mortgage Valuation Housing Market Renovations 529

Housing Wire

SEPTEMBER 24, 2021

To make matters worse, some of that inventory is extremely dated. The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for. For these reasons, the fix-and-flip sector is poised for growth. The only problem?

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Lending Renovations Finance Investors 459

Housing Wire

MARCH 7, 2024

The White House announced that President Joe Biden will call on lawmakers in the House of Representatives and the Senate to address a series of housing issues in his State of the Union address, which will be delivered to a joint session of Congress and televised nationally on Thursday night.

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Construction Renovations Insurance Landlords 535

Housing Wire

APRIL 27, 2021

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. The record sales numbers of last fall have now been eclipsed by a story of free falling inventory.

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Real Estate Renovations Retail Inventory 370

Appraisal Buzz

OCTOBER 2, 2024

The housing market remains in a gridlock as homeowners, faced with high mortgage rates and soaring home prices, find themselves unable to move. The lack of housing inventory is also a major issue, as 27% of homeowners cancelled or delayed their move because they couldn’t find a suitable new home.

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Renovations Housing Market Home Improvement Inventory 370

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Renovating Right.

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Investors Renovations Marketing Retail 418

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.”

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Investors Investing Inventory Real Estate 448

Appraisal Buzz

MARCH 25, 2024

In yet another sign of down times for the home-flipping industry, profits and profit margins also sank on quick buy-renovate-and-resell projects. Lack of inventory and ever-rising home prices are the main factors impacting the home flipping business. in 2022 to 8.1% The average rate of return on a typical home flip was 27.5%.

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Renovations Investors Inventory Sellers 334

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,” Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory.

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Marketing Inventory Renovations Investors 448

Housing Wire

JULY 30, 2021

In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013. Due to low inventory, sellers are able to put their homes up at a higher rate. The problem is, rushing to buy property might force you to settle for a house that won’t reward you financially. Don’t Go Too Big.

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Renovations Buyers Sellers Investing 505

Housing Wire

MARCH 26, 2024

In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived. In recent congressional testimony , Mortgage Bankers Association (MBA) chief economist Mike Fratantoni pointed out that the housing market is now extremely supply challenged.

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Investors Marketing Inventory Real Estate 482

Housing Wire

NOVEMBER 15, 2021

But HUD officials also raised concerns over the share of seriously delinquent borrowers and the impact of potential changes in the broader market. Top markets for affordable renovated housing inventory. million borrowers in forbearance across the housing market, as well as the 1.18

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Mortgage Insurance Renovations Tools 418

Housing Wire

JANUARY 20, 2021

Every year since 2007, the rate of household formations outstripped the number of housing completions, despite relative strength in both the overall housing market and U.S. Finally, we need to renovate our existing housing stock. Regrettably, that gap has only widened since the global financial crisis.

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Renovations Law Development Real Estate 459

Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market. Instead, they’ll be seeking to renovate their homes.”. I think the stock market will recover.

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Renovations Realtors Construction Mortgage 435

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. housing market.” People are calling it the Great Renovation.

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Finance Marketing Renovations Investors 370

Housing Wire

MAY 21, 2024

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. It’s very, very market dependent right now. If I get something it will be a bidding war (when I sell).”

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Marketing Investors Real Estate Investing 476

Housing Wire

JUNE 13, 2023

This uptick is a sign that more housing inventory is available for sale as more potential homebuyers are priced out of the market due to high interest rates and soaring housing prices. The median rental rate on single-family homes has risen from $2,275 to $2,445 over the same period, according to Altos.

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Marketing Investors Inventory Real Estate 370

Housing Wire

JUNE 25, 2021

After we buy and renovate those homes, we know we’ll be able to sell them because there are so many more buyers in the market right now than there are homes available.” North Carolina markets topped the list of hot iBuyer markets in the first quarter. ” Road to the one-click mortgage.

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Renovations Buyers Marketing Inventory 471

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. If the first-time homeowners are not moving because they can’t afford to, it freezes up the entire lower end of the market,” Gelbman said. million, below the 2019 range of 1.52 million to 1.93

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Mortgage Loan Officers Inventory Retail 397