Housing Wire
OCTOBER 8, 2021
Homes remain much more affordable in 2021 than they were during the home price runup in 2005 and 2006, but the seven-month trend in deteriorating affordability is starting to gradually slow demand. Renovated Inventory to the Rescue. On average, the price of the renovated properties was 3.5 Top Markets for Renovated Inventory.
Housing Wire
SEPTEMBER 4, 2020
The COVID-19 pandemic has caused lumber prices to skyrocket more than 160% since April after a spike in home renovation by cooped-up Americans, according to the National Association of Home Builders. As people started nesting in response to the pandemic, they started undertaking all sorts of home renovation projects,” Dietz said.
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Housing Wire
SEPTEMBER 23, 2022
million) in the prime household formation years of 25 to 34 than there were in 2006. NRHC member companies invested nearly $2 billion in home renovations, upgrades, and other property-level operations in 2021, and each of NRHC’s five largest member companies maintain an A+ rating from the Better Business Bureau.
Housing Wire
MARCH 28, 2022
Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as “real estate search engines” to help buyers more easily find a home online. For instance, Opendoor was founded in 2014 to make buying a home more efficient – or as they say “reinvent life’s most important transaction.”
Housing Wire
FEBRUARY 8, 2022
Loans for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes are not eligible. There’s still some battle scars from 2006 to 2009 where appraisers were made to be the scapegoats,” Pyle said.
Housing Wire
OCTOBER 17, 2023
Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. It remained way below the 44.6% level from the second quarter of 2022 and far beneath a recent peak of 60.8%
Lamacchia Realty
FEBRUARY 15, 2023
Jackie Louh Chief Operating Officer, Lamacchia Realty The Lamacchia Property Management crew is currently renovating and updating the office space to fit in with the Lamacchia Realty brand standards. The renovation is expected to be complete with an official grand opening in March 2023.
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