Remove Buyers Remove Modernization Remove Renovations Remove Supply Chain
article thumbnail

What to Know About Home Renovations in 2023

Lamacchia Realty

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

article thumbnail

What to Know About Home Renovations in 2022

Lamacchia Realty

HOME RENOVATIONS IN 2022. It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations world is no different. From supply chain delays and stoppages to inflation, home renovation and even new construction projects are feeling the impact. Supply Chain Issues.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Investor + Flippers Guide to FHA Flipping Guidelines

Listing Spark

FHA loans are becoming an increasingly popular option for buyers all across the home market. The FHA has put protections in place that help buyers navigate potentially predatory scenarios, especially house flippers who provide cosmetic finishes that cover up more costly structural and safety issues in a home.

article thumbnail

Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. 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

Inventory 407
article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. Owners are investing about $475B ( yes, billion!

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

Buyers are finally receiving a break on prices, falling sharply from October for single-family homes and among all home types (single-family, townhome and condo combined). The promotion allows future buyers to “test drive” the condo community with a 6-month rental and the option to purchase thereafter. . in a month, down 3.9%