Housing Wire

NOVEMBER 25, 2020

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. That was up from 20 percent in 2019 and 50 percent in 2018.

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Real Estate Investors Marketing Buyers 545

Housing Wire

DECEMBER 21, 2023

The great news is that the program has undergone significant improvements, particularly after the Blue Water Navy Vietnam Veterans Act was signed into law in 2019. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. Who is eligible?

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Mortgage Renovations Appraisal Process Finance 423

Housing Wire

APRIL 21, 2022

But it also makes sense given that their large-scale acquisition strategies could buckle under the logistical pressure of performing major renovations on hundreds or thousands of homes simultaneously. Renovating Right. The bulk buyer purchases accounted for 8.4% of all home sales in 2021, the highest share since 2013.

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Investors Renovations Marketing Retail 384

Inman

AUGUST 15, 2023

The couple have been together since 2019 and recently completed a two-year renovation on a Georgian-style home they purchased together in 2020, according to reports.

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Renovations Design 103

Housing Wire

APRIL 8, 2021

According to a survey by Hippo.com , 54% of respondents said they made at least one home improvement last year, with the bulk having made renovations to their backyard, kitchen and home office at 21%, 20.1%, and 18.4% of Home Depot’s total net sales for the entire year, and 30% higher for the garden section over 2019.

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Renovations Home Improvement Retail Marketing 281

Housing Wire

AUGUST 10, 2022

The SEC alleges that Angel Oak raised $90 million through a March 2018 securitization of “loans made to borrowers for the purpose of purchasing, renovating and selling residential properties” — also known as fix-and-flip loans, which were originated by an Angel Oak-affiliated entity.

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Investors Renovations Investing Mortgage 323

Housing Wire

APRIL 13, 2023

If finalized, these updates would allow more borrowers to qualify for FHA financing for properties with ADUs, including 203(k) renovation loans,” the FHA said in its announcement. On the West Coast , Seattle saw a 250% ADU construction increase from 2019 to 2022. The popularity of ADUs has increased in recent years.

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Finance Property Taxes Insurance Construction 359

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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Renovations Investing Real Estate Marketing 272

Housing Wire

OCTOBER 20, 2022

To help put the impact of the pandemic fever dream in perspective: the average purchase discount at foreclosure auction in Q3 2019 was 21%, nearly twice the discount in Q1 2022. 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

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Buyers Housing Market Marketing Investors 400

Housing Wire

JULY 21, 2022

The extra margin will give him and his students a cushion in case of a retail market correction, which would impact the price at which they’re able to sell renovated homes to owner-occupant buyers. “Up Up through May our sale price (on the properties we sell post-renovation) was still going up. I think we’ll see the end of that.

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Housing Market Buyers Marketing Retail 379

Housing Wire

APRIL 2, 2021

billion in 2019. billion, compared to $894 million in 2019, pre-tax net income grew 541% to $500 million, compared to $78 million in 2019. Two weeks ago, the firm launched a home improvement vertical with the $45 million acquisition of Renovate America ‘s Benji business line. billion in 2020 from $19.16

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Finance Renovations Investors Retail 253

Housing Wire

JULY 3, 2023

While the 30-year fixed-rate mortgages are the bread-and-butter products for PrimeLending (accounting for about 95% of origination volume), down payment assistance programs, renovation loans and temporary rate-buydowns have become popular options for buyers, Lugat noted.

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Loan Officers Marketing Retail Renovations 328

Cornerstone

MAY 4, 2021

Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. Taking the time (and spending the money) to renovate before selling might cause you to miss out on this chance. Keep 2 things in mind if you’re planning to sell this season.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Housing Wire

OCTOBER 5, 2021

Most homeowners finance ADUs through home equity loans, cash-out refinancings and construction/renovation loans. million distinct single-family properties with accessory dwellings identified in 2019, a report published by Freddie Mac found. Interest in “granny flats” has steadily increased , with 1.4 to 2.9%.

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Finance Construction Renovations Design 352

Housing Wire

APRIL 2, 2021

Pending home sales were up 38% from the same period in 2020 — and up 28% from the same period 2019 — but pending sales grew just 0.9% And two million affordable homes and commercial buildings would be built and renovated over the next decade as part of the initiative. from Redfin’s previous four-week report.

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Contracts Buyers Renovations Government 477

Housing Wire

MARCH 22, 2021

Specifically, the state said that Modus used its partnership with “Staging Boost,” a platform that works with third-party vendor ZingFix to offer cleaning, landscaping, staging and listing preparation renovation with a deferred payment. It has lost money each of the past three years, including a $388 million net loss in 2019.

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Housing Wire

AUGUST 1, 2022

trillion higher than at the end of 2019. .” U.S. credit card balances in the first quarter were $841 billion, $71 billion higher than the same period in 2021, according to a report from the Federal Reserve Bank of New York. The country’s total household debt stood at $15.8

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Housing Wire

FEBRUARY 18, 2021

Four renovations to consider before selling your house. Biden plans on creating legislation to develop a strategy for inclusionary zoning, as proposed in Senator Cory Booker’s 2019 HOME Act. More for Real Estate Enthusiasts. A homebuyer’s guide to a competitive housing market. 5 reasons to refinance your mortgage right now.

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Housing Wire

JUNE 25, 2021

The top quarter of iBuyer activity remains the third quarter of 2019 when, according to Redfin, 8,310 homes were bought via iBuyers. After we buy and renovate those homes, we know we’ll be able to sell them because there are so many more buyers in the market right now than there are homes available.”

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Renovations Marketing Buyers Inventory 339

Housing Wire

MAY 12, 2021

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. But, even then, today’s homebuyers aren’t spoiled for choice. Bringing more services under one roof.

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Construction Logistics Technology Real Estate 450

Housing Wire

JULY 21, 2021

“The first house I rehabbed last year, it was a house that had fire damage in the kitchen, and it was just kind of an eyesore on a nice quiet street,” said McCormick, who said she purchased the home for $25,000 and then put $65,000 into renovations before selling to an owner-occupant buyer for $134,000. “It of the 2021 estimated market value.

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Real Estate Investors Market Value Home Value 456

Housing Wire

APRIL 25, 2022

In Spokane, the average property tax bill has risen from about $2,500 in 2019 to about $3,000 in 2021, tax assessment data shows. The Journal of Property Tax Assessment and Administration wrote in 2019 that states, including California, New York, Maine and Pennsylvania, don’t have a set interval for reassessments. Taxpayers revolt.

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Housing Wire

OCTOBER 15, 2020

There were a total of 647 vacant structures in the Slavic Village neighborhood in July 2020, down 15% from March 2019 and down 53% from a peak of 1,368 vacant structures in March 2009, according to a biannual survey conducted by SVD of all parcels in the neighborhood. But now gentrification is an issue.”.

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Buyers Development Renovations Retail 329

Lamacchia Realty

SEPTEMBER 21, 2021

Angela Ravesi became a REALTOR® at Lamacchia in April 2018 and in May 2019, she transitioned to the role of executive assistant to Mike McGrory, VP of Property Acquisitions and Development. With Mike handling most of the renovation plans, Angela takes the reins on designs and finishing touches. . Everyone is like a family.

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Property Management Development Landlords Renovations 65

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%

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Investors Inventory Investing Real Estate 337

Housing Wire

SEPTEMBER 22, 2022

million, below the 2019 range of 1.52 Glessner will close his first renovation loan in 10 years and plans to tap into the market of reverse mortgages, a loan available for seniors aged 62 and over to borrow money against their home equity. million to 1.93

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Mortgage Loan Officers Inventory Retail 373

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. Please think of me as your go-to resource for all things real estate. Call or text me with any real estate questions!

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Lamacchia Realty

MAY 11, 2021

The company opened five new branch offices in 2020 alone, including Chelmsford , Hudson , Beverly , Fort Lauderdale, Florida , and the newly renovated landmark branch location in Waltham. The Chelmsford location is under significant renovations and will celebrate is grand opening in June. Lamacchia also made Inc.’s

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Brokerage Realty Renovations Clients 69

Appraisal Buzz

SEPTEMBER 26, 2022

In 2019, there were about 2.8 With less confidence, some homeowners turn to renovations on their current homes. These developed skinny towers as luxury condominiums. Loosen Immigration Policies. Immigration policies can impact construction because the industry relies on them for labor. million migrant workers in construction.

Construction 195

Construction Supply Chain Buyers Retail 195

Simonson Real Estate

JULY 10, 2020

New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc. Prospective market value may be appropriate for the valuation of a property interest related to a credit decision for a proposed development or renovation project. Value Scenarios. Do you have questions on these topics?

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Appraisal Process Appraisal Market Value Tenants 148

Lamacchia Realty

OCTOBER 19, 2021

Lamacchia took advantage of the ti me with agents out of the office by starting up a lofty renovation project that turned out better than many could have imagined. The renovation was unveiled to the public in July of 2021. October 16th was the official Grand Opening celebration with the local community. It was a perfect fall day!

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Realty Renovations Realtors Agents 54

The Robert Weiler Company

JULY 18, 2021

Ari Afshar, Founding Agent at Compass and Member of the Forbes Real Estate Council: Invest in properties near renovated buildings. Renovated buildings that attract pedestrian traffic or include shopping opportunities and eateries have a reverse, upwardly improving effect. Essentially, this is the broken windows theory in reverse.

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Real Estate Investing Investors Renovations 148

Hank Miller Team

NOVEMBER 15, 2022

Q3 ’22 is about even with Q1 and Q2 of ’22 and remains below levels of 2019 and 2020 Diving into last twelve months, we see a drop in inventory since the Aug peak and just an increase of 11 in active listings since Oct ’21. Renovations – Cooped up in their homes, renovations and updating became a thing to do. Why move now?

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Inventory Renovations Housing Market Buyers 52

Housing Wire

MARCH 10, 2023

HELOCs also are popular because the interest on the loans is tax deductible if the funds are used for approved home renovations. Since it began investing in the HEI business in 2019, Redwood has committed gross capital to the sector totaling $316 million, according to a recent filing with the U.S. Securities and Exchange Commission.

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Housing Market Marketing Contracts Lending 348

Will Springer Realtor

MARCH 29, 2022

This has prompted many households to build or renovate a more sustainable home – to cut both their carbon footprint and bottom line. Green homes attempt to improve energy efficiency with minimal environmental impact through the design, construction, maintenance, operation, renovation and deconstruction of the building.

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Renovations Construction Design Architecture 64

Lamacchia Realty

NOVEMBER 10, 2021

Lamacchia Realty has been serving the Waltham area for over 15 years and was ranked as the #1 Independent office in Waltham for market share in 2018 and 2020 , and was the #1 Independent Brokerage by Sales Sides in 2019. Meet our Waltham Office REALTORS®!

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The Robert Weiler Company

JUNE 15, 2022

billion in 2019. Additionally, certain renovations, such as updating the building’s exterior, only need to be done once for a multifamily property; whereas renovations to single-family properties would need to be done individually, resulting in multiple projects for each type of update. percent (a decrease of 2.2%

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