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. “One
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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Housing Wire
JANUARY 3, 2024
million over that period to acquire 52 units and renovate several of its 50 existing units. It has shown a willingness to absorb operational losses as a landlord, losing almost $2 million last year and almost $5 million since 2015. For those teachers who get a unit – there is a wait list – the benefit is substantial.
Housing Wire
OCTOBER 20, 2022
Prior to the pandemic, the average purchase discount at foreclosure auction had never dropped below 20% in any quarter as far back as nationwide data is available, Q1 2015. Instead, they are reverting to average purchase discounts prior to the pandemic, when home price appreciation averaged about 5% annually between 2015 and 2019. “I
Housing Wire
SEPTEMBER 27, 2021
Offerpad is a six-year-old company founded in 2015 by Brian Bair after a career in real estate investing. If the offer is accepted, Offerpad goes to work on renovating the home and trying to resell it for significantly more than they bought it for.
Chicagoland Appraisal Blog
MARCH 9, 2024
Appraisal Inspection An appraisal inspection is a visual observation of physical factors that will influence value in the market place to include location, size, condition (noting any deficiencies, updates, renovations) and amenities.
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. Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015. “The largest, undisrupted market in the U.S.,”
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