Housing Wire

FEBRUARY 11, 2025

The goal of the survey was to highlight how market trends can reshape the mortgage market in 2025. Consumers also said they were willing to tackle renovation costs if it meant achieving homeownership, according to the survey. Younger homeowners are more likely to pursue renovations, despite rising renovation costs.

Renovations 366

Renovations Mortgage Property Taxes Buyers 366

Housing Wire

SEPTEMBER 23, 2020

The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. For over 40 years with Section 203(k) of the National Housing Act, FHA has been protecting lenders with fully-insured mortgage loans even as renovations are underway.

Renovations 544

Renovations Insurance Home Improvement Design 544

Housing Wire

OCTOBER 6, 2020

Are you considering putting your home on the market? Making these four renovations can help you do it successfully. A lot of buyers are shopping virtually these days, so any renovations that can make your home look better in photos is a good thing. Redoing your entire house isn’t necessary—especially in today’s market.

Renovations 497

Renovations Inspection Buyers Inventory 497

Housing Wire

AUGUST 19, 2024

According to public record tax assessor data, all four are now also owner-occupied “I’m trying to establish our community again,” Morgan said, noting the extensive renovations he does before reselling the homes to retail buyers. Daren Blomquist is VP of market economics at Auction.com. I can’t just be a part of that problem.

Renovations 476

Renovations Buyers Development Investors 476

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. The housing market is caught in a generational tug-of-war.

Renovations 523

Renovations Home Improvement Inventory Housing Market 523

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. The remaining 45% claimed that their inclination to purchase was unaffected by market conditions.

Retail 370

Retail Marketing Inventory Buyers 370

Housing Wire

MARCH 5, 2025

More renovations? “But you still have a buyer’s market. While most of Shank’s book of business is tied to VA loans, he says he’s seeing an uptick in renovation loans across FHA and VA channels. So now that rates are dropping, a renovation loan will be in the 7% range.

Loan Officers 313

Loan Officers Renovations Government Buyers 313

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.

Home Improvement 397

Home Improvement Renovations Finance Housing Market 397

Housing Wire

JANUARY 9, 2025

In a challenging and expensive housing market , some prospective homebuyers may compromise on certain standards and features to secure their purchase. Bright MLS’s market intelligence data spans across Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia and the District of Columbia.

Buyers 418

Buyers Renovations Housing Market Home Improvement 418

Housing Wire

FEBRUARY 5, 2025

California-based Auction.com published its 2025 Distressed Market Outlook report on Tuesday, which included three scenarios for this years expected tally of auction sales. Higher financing costs for those traditional buyers limits the pool of potential buyers for renovated homes, the report explained.

Retail 417

Retail Renovations Buyers Finance 417

Housing Wire

JANUARY 27, 2025

home remodeling industry report that while market conditions are stalling larger-scale remodeling projects, consumers seeking remodeling work are focused on efforts that could serve to increase home values and to future-proof homes for later life and aging in place. Members of the U.S.

Renovations 393

Renovations Design Home Value Realtors 393

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.

Renovations 327

Renovations Appraisal Logistics Decorating 327

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. An index score above 50 indicates market expansion, while a score below 50 indicates contraction. ”

Investors 433

Investors Mortgage Property Taxes Inventory 433

Housing Wire

JANUARY 30, 2025

Tom Davis: When you’re working with a professional and you want expertise, you’re going to want to work with someone who is the expert in your market. Davis: Either you take market share or someone takes yours, right? Why do you think brokers should work with a specialist instead of a multi-product lender?

Construction 326

Construction Marketing Investors Renovations 326

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

Mortgage 396

Mortgage Renovations Finance Property Taxes 396

Appraisal Buzz

MARCH 20, 2025

Profits and profit margins rose slightly in 2024 on typical buy-renovate-and-resell projects, but margins remained at one of their low points over the past decades, as investors continued struggling to take advantage of the nations housing market boom. Click here for more on ATTOMs analysis of 2024s home flipping market.

Renovations 355

Renovations Investors Finance Property Taxes 355

Housing Wire

OCTOBER 24, 2024

Helping the seller understand the true market value of the home given the condition can also be a challenge. After-repair value is the estimated market value of a property in fully repaired condition. These scenarios are not like vanilla deals,” Sandoval said. They are the most jigsaw-puzzle-coming-to-life kind of deals.”

Retail 448

Retail Buyers Renovations Finance 448

Appraisal Buzz

MARCH 14, 2025

In addition to buyers and sellers, this disruption might have repercussions for the economy, associated sectors, and the larger real estate market. From the sellers point of view, this leads to more market uncertainty and lengthier listing periods. Economic activity is also significantly influenced by the housing market.

Insurance 389

Insurance Renovations Sellers Design 389

Appraisal Buzz

NOVEMBER 13, 2024

About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Louis-based real estate company, homebuyers spend an average of $31,975 in homebuying expenses, such as closing costs, repairs, and moving, in addition to their down payment.

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Housing Wire

FEBRUARY 26, 2025

The findings indicate strong confidence in the rental housing market, with landlords prioritizing long-term growth and profitability despite economic and regulatory challenges. Landlords in the Northeast are the most committed to renovations, with 60% planning to spend $5,000-plus per property. A majority of U.S.

Real Estate 300

Real Estate Home Improvement Landlords Investors 300

Inman

APRIL 1, 2025

Revive has used its findings in the presale renovation space to produce an extensive white paper that dedicates its pages to proving the value of updating a home before selling it.

Renovations 148

Renovations Sellers Agents Marketing 148

Housing Wire

MARCH 6, 2025

He bought it from an outside landlord who didnt have the local market knowledge or presence needed for property management. Like Richards, most Auction.com buyers are local community developers who have a deep knowledge of the markets and submarkets where they are buying. Additionally, three of them are on the same street.

Sellers 343

Sellers Inventory Landlords Renovations 343

Appraisal Buzz

FEBRUARY 6, 2025

Amid the whirlwind of economic forces impacting the housing market, one trend stands out. Imagine a young couple, burdened by student loan debt, and discouraged by the competitive housing market. Lenders can provide expert guidance on options like renovation loans, home equity solutions, and reverse mortgages.

Lending 348

Lending Renovations Finance Housing Market 348

Housing Wire

JUNE 24, 2024

The Seattle area is a hot housing market. But a nonprofit organization in the Seattle area is seeking to help more seniors renovate their homes to age safely. According to Zillow , the average home price in the Emerald City is currently $884,828 , up 4.3% year over year.

Renovations 396

Renovations Property Taxes Supply Chain Law 396

Housing Wire

JANUARY 22, 2025

The company’s management portfolio will reportedly rise to 230,000 units across 50 markets. Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. Evernest and Poplar have each achieved national recognition on the Inc. 5000 list in the past.

Property Management 395

Property Management Local Properties Renovations Investors 395

Appraisal Buzz

NOVEMBER 15, 2024

According to a recent poll conducted by TD Bank , America’s Most Convenient Bank, two-thirds (66%) of homeowners still consider their homes to be a source of wealth for future generations, indicating that homeowners continue to perceive their houses as strong financial assets in the present market climate.

Renovations 370

Renovations Lending Investing Home Improvement 370

Housing Wire

MARCH 20, 2025

Conversely, a handful of smaller markets saw an uptick in flipping activity. The top market for FHA buyer activity was Merced, California, where 38.3% So, they will have to do some very smart buying and quick renovating to keep the profit rebound going. Cedar Rapids, Iowa, led the way with a 49.6%

Investors 333

Investors Finance Renovations Buyers 333

Housing Wire

DECEMBER 9, 2024

And more than one-third of respondents (36%) said they cannot afford to make accessibility renovations on their home to better support their preferences. The five worst cities for aging in place based on the same metrics correlate with some of the most expensive markets in the country.

Renovations 370

Renovations Marketing 370

Housing Wire

JULY 22, 2024

Department of Housing and Urban Development (HUD) on Monday announced a new $175 million notice of funding opportunity (NOFO) under its Continuum of Care (CoC) program, which will go toward the development of new rental housing units with “supportive services for people experiencing homelessness ,” the department explained.

Construction 473

Construction Renovations Design Development 473

Appraisal Buzz

FEBRUARY 3, 2025

Markets The most common adaptive reuse project type is notably creative office-to-apartment conversions, which make up about 42% of the 168,500 upcoming conversion projects. It seems the Big Apple seems to stay on some sort of list when it comes to the housing market, doesnt it? billion square feet of office space nationwideor 14.8%

Renovations 345

Renovations Construction Modernization Inventory 345

Housing Wire

JANUARY 27, 2025

If so, here’s how to return back to our roots and navigate an ever changing market. The key is to offer valuewhether through listing alerts, personalized market reports, or consistent follow-ups. Professionals should also leverage technology to give clients the best experience for the biggest decision of their lives.

Real Estate 397

Real Estate Clients Technology Agents 397

Appraisal Buzz

OCTOBER 15, 2024

While some believe the “American Dream” is still attainable in today’s market, new Point2 data showed that a growing number of prospective homebuyers do not see themselves as homeowners, citing a combination of factors such as mortgage rates, availability, and growing home prices. The post Renting vs.

Tenants 370

Tenants Renovations Modernization Contracts 370

Appraisal Buzz

JUNE 14, 2024

In today’s low-volume market cycle, mortgage originators can build business by focusing on purpose-built loan products designed to overcome the specific challenges homebuyers face in the current market. But, first-time homebuyers can be leery of taking on renovations, especially if they are tight on cash.

Marketing 396

Marketing Renovations Construction Finance 396

Housing Wire

FEBRUARY 27, 2025

A well-written property description also allows you to highlight aspects of the home that would not otherwise be readily available via MLS, such as a newly renovated kitchen or a brand-new septic system. Use a comparative market analysis to ensure you price the property right. Your goal: use the description to sell the property.

Real Estate 386

Real Estate Buyers Agents Renovations 386

Housing Wire

OCTOBER 15, 2024

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Renovating to modernize can add to the long-term cost of a resale home. Both options have their advantages and drawbacks.

Construction 488

Construction Buyers Agents Marketing 488

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

Housing Wire

OCTOBER 31, 2024

FOA President Kristen Sieffert said the product allows the company to address gaps in the existing HELOC and traditional home equity loan market.

Mortgage 434

Mortgage Loan Officers Lending Renovations 434