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 26, 2024

To better accommodate their needs as they age, baby boomer homeowners will likely need to renovate their homes to more easily accomplish goals related to aging in place and living in a safer, more comfortable dwelling. But for those opting to age in place, the renovations will be needed for safety and comfort in older age, he added.

Renovations 392

Renovations Modernization Technology Tools 392

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

Inventory 488

Inventory Renovations Real Estate Government 488

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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Inventory Retail Buyers Renovations 476

Housing Wire

JUNE 8, 2021

One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending. “We We actually have a lower inventory of homes that people really want to live in turnkey,” Lind said.

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Inventory Renovations Lending Construction 360

Housing Wire

JANUARY 19, 2024

Despite a documented preference that older Americans have to age in place, the current housing inventory is inadequate to support the needs of an aging population. Renovations may provide some solutions, but it is also a solution with limits according to Rodney Harrell, VP for family, home and community at AARP. “We

Inventory 482

Inventory Renovations Construction Marketing 482

Appraisal Buzz

NOVEMBER 15, 2024

In fact, from 9% in 2023 to 18% this year, the proportion of homeowners who do not want to sell anytime soon and are instead waiting for the housing inventory to rise has doubled from the previous year. Forty-three percent of people who are remodeling or intend to renovate their homes are doing so in order to raise their home’s equity.

Renovations 370

Renovations Lending Investing Home Improvement 370

Appraisal Buzz

FEBRUARY 3, 2025

For example, in New York City, tax exemptions of up to 90% are available for renovated buildings that contain at least 25% affordable flats. One notable project is the renovation of Pfizers former global headquarters at 219 E 42nd St., The Midwest comes in second with 18,038 upcoming renovation projects. Washington, D.C.

Renovations 345

Renovations Construction Modernization Inventory 345

Inman

JUNE 5, 2024

The Great Renovation is already in process. Author Bernice Ross and New Western's Kurt Carlton discuss how it can solve our inventory problems by breathing new life into America’s aging and abandoned vacant homes.

Renovations 183

Renovations Inventory Investing Agents 183

Appraisal Buzz

MARCH 25, 2025

in 2023, as inventory dried up and investors struggled to find homes to flip. Profits and profit margins on flips increased slightly in 2024 on typical buy-renovate-and-resell projects, but remain near 10-year lows. In addition, flips only represented about 7.6% of all home sales in 2024, down from 8.1% in 2023 and from 29.4%

Renovations 195

Renovations Property Taxes Investors Investing 195

Housing Wire

SEPTEMBER 9, 2024

Presale renovation firm Revive has made its artificial intelligence -powered property valuation tool available to everyone, according to an announcement on Thursday. The tool provides homeowners with actionable reports, allowing them to make informed renovation and selling decisions.

Valuation 448

Valuation Tools Renovations Real Estate Agent 448

Housing Wire

SEPTEMBER 23, 2022

The claim by the authors that single-family rental home companies “swoop up much of the inventory” of homes from potential homebuyers is, in fact, not supported by the data in any way, shape, or form. of the nation’s total housing inventory. Rather, large companies own less than 1.5%

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Inventory Housing Market Investors Investing 370

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.

Inventory 448

Inventory Renovations Contracts Buyers 448

Appraisal Buzz

OCTOBER 23, 2024

I was going to stay out of the market, but really low prices on properties is keeping me in,” said one survey respondent, reflecting the minority view that is helping to boost demand in markets with lower-priced distressed inventory. The supply of REO auctions followed a similar pattern, albeit at a lower level.

Retail 370

Retail Marketing Inventory Development 370

Appraisal Buzz

MAY 20, 2021

Low inventory and tight supply have forced many into home purchases requiring more work than initially anticipated. The post More Millennials Investing in Home Renovations appeared first on theMReport.com. The post More Millennials Investing in Home Renovations appeared first on Appraisal Buzz.

Renovations 195

Renovations Investing Inventory Appraisal 195

Housing Wire

MAY 22, 2024

Between elevated interest rates and the resulting “lock-in” effect , home prices and limited inventory levels are also making relocations challenging for baby boomers and older members of Generation X. This means that renovations of existing homes are likely to become more necessary as time goes on.

Renovations 459

Renovations Design Home Improvement Advertising 459

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.

Construction 529

Construction Renovations Training Development 529

Housing Wire

NOVEMBER 22, 2021

This Lunch and Learn will examine the nation’s lack of housing inventory and the factors that have contributed to a decline in homebuilding. Douglas Norman VP, Construction and Renovation Operations, On Q Financial. Sean Faries CEO, Land Gorilla. Sponsored by: Land Gorilla. Get More Info.

Renovations 418

Renovations Construction Inventory 418

Housing Wire

OCTOBER 25, 2021

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. ” Top markets for affordable renovated housing inventory. Although this is a clear sign of a slowing market, housing economists say the changes are along the lines of typical seasonal slowdowns.

Renovations 435

Renovations Inventory Agents Housing Market 435

Appraisal Buzz

JULY 30, 2024

The report notes that vacant or uninhabitable homes that have been flipped contribute new inventory comparable to new construction. below the median sales price, contributing significantly to the local housing inventory. He highlighted the role of small businesses in renovating and flipping homes, addressing a shortfall of 4.5

Real Estate 397

Real Estate Investors Renovations Construction 397

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. We have not been exempted from these market and capacity issues and we now have an operational backlog for renovations and closings.

Renovations 397

Renovations Real Estate Construction Contracts 397

Housing Wire

JULY 23, 2021

Acra Lending is doing what it can to help free up inventory. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up. In addition to low inventory, the massive competition in the market has led to an increase in home prices. 3-month bank statement. Jumbo products.

Housing Market 459

Housing Market Marketing Inventory Lending 459

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. Approximately 55% of survey respondents said location/neighborhood is most important to their buyers.

Investors 397

Investors Housing Market Marketing Renovations 397

Housing Wire

JUNE 10, 2024

Meanwhile, inventory levels remain at historic lows that contribute to a severe lack of affordability across the country. By and large, seniors are opting to remain in their homes — and even to undertake significant renovations to them — to avoid moving to such facilities, according to recent reporting from The Associated Press.

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Housing Market Renovations Inventory Realtors 488

Housing Wire

APRIL 22, 2021

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. There’s less than 30 days worth of inventory for homes under $300,000 right now.” “It’s just an inventory problem right now,” Sutton said.

Buyers 459

Buyers Inventory Renovations Realty 459

Housing Wire

JUNE 3, 2022

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. “If Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

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Construction Renovations Transportation Real Estate 482

Housing Wire

FEBRUARY 6, 2025

Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Construction loans Inventory levels in the real estate market arent what they used to be. Beyond that, Deephaven allows up to 3% seller concessions at closing.

Mortgage 309

Mortgage Training Construction Investors 309

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices.

Mortgage 493

Mortgage Real Estate Agent Renovations Finance 493

Housing Wire

APRIL 1, 2025

Startups in the real estate technology space are pushing the boundaries of staging with photorealistic virtual renderings of homes; in-person and remote touring; innovative financing options; better home renovation; and fraud-mitigation to protect high dollar-value transactions, just to name a few areas.

Real Estate 229

Real Estate Brokerage Real Estate Agent Technology 229

Appraisal Buzz

APRIL 11, 2022

Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. Millennial homeowners led the way, with 75% of them renovating between 2020 and 2022. Inventory Shortage Won’t Be Solved. Greater Demand for More Space.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

FEBRUARY 21, 2023

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 High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year.

Housing Market 397

Housing Market Renovations Marketing Retail 397

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Finance 529

Finance Government Renovations Design 529

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 535

Construction Renovations Insurance Landlords 535

Housing Wire

SEPTEMBER 24, 2021

To make matters worse, some of that inventory is extremely dated. As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase.

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Lending Renovations Finance Investors 459

Housing Wire

FEBRUARY 12, 2024

Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

Lending 454

Lending Renovations Construction Finance 454

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.

Investors 418

Investors Renovations Marketing Retail 418