Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

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Cleveland Appraisal Blog

MAY 17, 2024

Many homeowners have decided not to sell their homes but to renovate them instead. Planning for a Home Renovation: A Guide When it comes time to renovate your home, there are a few things you should know. This post from Aspen Appraisal Services will provide all of the information you need to start planning your home renovation.

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Housing Wire

FEBRUARY 13, 2024

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. And it boasts a home renovation calculator and home service offerings from Hometap’s partner network.

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Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Some of those areas I’m investing in, and they’re starting to turn again so that’s exciting to see.”. Both properties sold to owner-occupant buyers for under $150,000 apiece. “I

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Housing Wire

JULY 22, 2024

This new funding is a focused investment in housing for people experiencing homelessness, particularly given the increased number of Americans sleeping on our streets.” “Simply put, we need to build more housing and we need to repair the housing we have,” HUD acting secretary Adrianne Todman said in a statement.

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Housing Wire

JULY 8, 2024

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space.

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Appraisal Buzz

MAY 20, 2021

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. Low inventory and tight supply have forced many into home purchases requiring more work than initially anticipated.

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Appraisal Buzz

DECEMBER 10, 2024

One aspect of this is borne out in a recent study from Nationwide , which shows that 51% of homeowners surveyed had completed a major home renovation project in the last two years. And yet, about that same amount failed to upgrade their insurance policies to protect their new investment. additional rooms, separate garage, etc.):

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Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. The post How to vet private money lenders for real estate investing appeared first on HousingWire.

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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. The new commitment furthers the foundation’s stated goal of reaching $750 million in investment activity.

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Housing Wire

SEPTEMBER 8, 2023

This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. It also uses Revive’s recommendation engine to offer renovation estimates supported by local contractors.

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Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it. Let the Renovations Begin! Determine How Much You Can Afford.

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Housing Wire

APRIL 17, 2024

Capital Fundings , a Florida -based private mortgage lender, has partnered with real estate investment platform Privy , the companies announced on Tuesday. Our commitment to empowering borrowers aligns perfectly with Privy’s mission to revolutionize real estate investment through technology and education.

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Appraisal Buzz

DECEMBER 4, 2024

Average project costs also climbed, reflecting not only inflation in raw materials and labor, but also a shift toward professionally completed renovations. Kitchen renovations topped the list of most expensive projects, averaging close to $43,000. Click here for more on NerdWallet’s look at home renovation trends.

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Housing Wire

AUGUST 27, 2021

Examine Return On Investment . Unfortunately, upgrading your appliances won’t necessarily allow for a huge return on investment. Here are a few other updates with the highest return on investment: . Renovations Can Be Beneficial. Renovations might make you feel better about putting your home on the market one day.

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Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

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Housing Wire

MAY 28, 2021

While turnkey properties come with a higher price tag , they can be a cheaper investment in the long run. Four renovations to consider before selling your house. A turnkey home is a property that doesn’t require any major repairs or renovations. Renovations are also time-consuming. How much house can you afford to buy?

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Appraisal Buzz

JULY 30, 2024

A new report from New Western, a national real estate investment marketplace, indicates that local real estate investors are poised to outperform traditional builders in several key markets. The Great Renovation Kurt Carlton, president and co-founder of New Western, emphasized the impact of local investors on the housing market.

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Housing Wire

FEBRUARY 6, 2024

Costs for renovation projects can vary based on factors such as location, job size and condition of the home. So making certain — especially when you hit your 50s and 60s — that you remodel it […] does make it easier as you get older to stay home.”

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Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , now known as Rithm Capital.

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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. A little over 70% of respondents invest in the Southwest and Southeast regions of the U.S.

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Housing Wire

JANUARY 4, 2024

“If you could use your home equity to make your life better — to buy hearing aids, for example — maybe that’s a good investment.” Reverse mortgage companies have also invested in their own home modification programs. . “But what constitutes an emergency?” ” Molinsky told NextAvenue.

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Housing Wire

MAY 22, 2024

When asked about the reason for making these investments, the wife described their desire to maintain the comfort, familiarity and pride in the home they’ve lived in together rather than giving them up. This means that renovations of existing homes are likely to become more necessary as time goes on.

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Housing Wire

AUGUST 2, 2024

An AI assistant called Revana will provide personalized help with renovations, installations and maintenance. The targeted areas for these companies include multifamily rentals and investments; single-family refinancing, servicing and origination ; fraud detection; and compliance with the Americans with Disabilities Act (ADA).

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Housing Wire

SEPTEMBER 13, 2023

Amazon says the investment will “help moderate-income residents in these communities to purchase homes as a path to help build generational wealth.” Last year, Amazon made a housing investment of $10.6 metropolitan areas.

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Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. In June, the company closed a $215 million securitization backed by home equity investments. The transaction was rated by DBRS Morningstar.

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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.

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Housing Wire

JULY 27, 2022

PunchListUSA plans to use the funding to invest in proprietary technology to create instant repair and renovation estimates and open offices, which it aims to expand footprint to more than 30 markets through 2023. . ”We The platform currently holds a five-year exclusive agreement with Pillar to Post , one of the U.S.’s

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Housing Wire

FEBRUARY 26, 2024

Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

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Appraisal Buzz

APRIL 11, 2022

Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. They’re buying part-time vacation homes and investment properties to strike the right balance between independence and affordability. Millennials Still Prefer Renovating. More Second Home Purchases.

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Housing Wire

NOVEMBER 25, 2020

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. Investing Where the Heart Is. These suburbs, they’ve really been lacking investment the last 10 years. They need people like us to come in and invest with capital and build for the future.”.

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Housing Wire

MAY 5, 2022

million to build and renovate 130 affordable homes in Nashville, Tennessee, bringing the total investment in the city to about $100 million. million grant to local nonprofit CrossBridge ‘s 84-unit housing project, where 50 units will be newly built and the other 34 units renovated. Amazon is committing $10.6

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Housing Wire

DECEMBER 15, 2024

return on investment (ROI), down from 31.2% But as interest rates remain double what they were a few years ago and inflation keeps raising renovation costs, investors continue to have a tough time making the kind of profits that would lure more into the game. home sales compared to the previous quarter. The Q3 2024 U.S.

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Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. We have been working with AFR on the transition plans over the last several months and are excited about the opportunity to build on a great foundation,” Craig Cohen, managing member of Proprietary Capital, said in a statement.

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Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

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Housing Wire

AUGUST 10, 2022

Angel Oak Capital Advisors , the investment management arm of non-QM lender Angel Oak Cos., That was accomplished by diverting funds being held for borrowers to complete property renovations and redirecting them to “instead pay down outstanding loan balances.”. has agreed to pay $1.75 million to settle charges brought by the U.S.

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Housing Wire

DECEMBER 9, 2024

The grant funds will be primarily deployed to bolster infrastructure, construction or renovation of community buildings, housing rehabilitation, land acquisition and economic development for the American Indian and Alaska Native populations.

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