Housing Wire

JUNE 3, 2022

Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? from June 2021, when 297,600 workers were employed at mortgage banking firms.

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Construction Renovations Transportation Real Estate 458

Housing Wire

FEBRUARY 24, 2021

Consumers today expect access to instant information and don’t want to spend lots of time making calls to coordinate showings or filling out paperwork to get a mortgage. The post How 2020 exposed a greater need for collaboration between real estate agents and LOs appeared first on HousingWire.

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Real Estate Agent Real Estate Agents Loan Officers 361

Housing Wire

OCTOBER 28, 2021

Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year. In addition, Yun believes that increasing rents and lack of rental inventory will drive even more potential buyers into the market. Presented by: Auction.com.

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

MARCH 4, 2022

unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic. gap in the level of employment compared to February 2020, and at this pace, the gap could be closed in three months.”. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Construction 370

Construction Renovations Real Estate Marketing 370

Housing Wire

OCTOBER 25, 2021

of offers written by Redfin agents ended up in a bidding war, the lowest rate so far in 2021 and nearly on par with the September 2020 bidding war rate of 58.3%. “Buyers also aren’t having to offer as much above the asking price as they were in the spring, when competition in the housing market was peaking.

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Renovations Inventory Agents Housing Market 410

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. 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. “The largest, undisrupted market in the U.S.,”

Marketing 421

Marketing Inventory Renovations Investors 421

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

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Brokerage Real Estate Clients Insurance 410

Cornerstone

MAY 4, 2021

If you’re considering selling, your first step might be to begin looking into which remodeling projects may make your home more attractive to buyers. 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. It may help to know that: 1.

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Renovations Home Improvement Loan Officers Real Estate Agent 41

Appraisal Buzz

APRIL 11, 2022

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Affordability remains an issue for younger buyers who haven’t yet saved enough money.

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Buyers Renovations Supply Chain Housing Market 370

Housing Wire

APRIL 14, 2022

In May of 2020, Freddie Mac announced it would be accepting attorney opinion letters in lieu of title insurance policies under similar circumstances and with similar requirements for the letter and the attorney writing it.

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Insurance Renovations Law Real Estate 397

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That’s a safer range.”.

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Housing Market Buyers Marketing Retail 410

Lamacchia Realty

AUGUST 12, 2021

By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster. Before purchasing a fixer-upper, consider the following: Structural Work – Structural work tends to be the most expensive cost associated with buying and renovating a fixer-upper. Traveling a lot?

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Renovations Finance Inspection Buyers 68

Housing Wire

JUNE 27, 2022

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March. million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a slight increase of 0.2% A total of 1.46 A total of 1.46 Presented by: Auction.com.

Mortgage 528

Mortgage Renovations Buyers 528

Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Housing Wire

MAY 8, 2023

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

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Inventory Renovations Supply Chain Buyers 410

Boston Appraisal

NOVEMBER 6, 2020

As of the end of October 2020, interest rates on a 30-year refinance mortgage were averaging around 3.2%. The home had been recently renovated and was in great condition. A real estate appraisal measures the actions of typical buyers and sellers in the marketplace and rarely do two buyers offer the same exact amount.

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Appraisal Market Value Real Estate Sellers 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. We clearly see the impact of the interest rate hikes as they suppressed buyer activity. Why move now?

Inventory 52

Inventory Renovations Housing Market Buyers 52

McKissock

APRIL 9, 2021

” “Movement on the 30-year fixed mortgage rate was relatively flat in the months preceding the pandemic, but once the pandemic hit, there was a precipitous decline throughout the remainder of 2020 and into 2021. We had a better than typical 2020 due to 2.0 interest rates most of the year.”

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Appraisal Real Estate Renovations Inspection 96

Housing Wire

JULY 14, 2022

Among nearly 135,000 properties foreclosed between 2016 and 2020 that sold to third-party buyers at foreclosure auction on the Auction.com platform, more than half (54%) are owner-occupied as of 2022, according to public record county tax assessor data from ATTOM Data Solutions. The role of renovators. The role of renovators.

Renovations 370

Renovations Investors Buyers Retail 370

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. This summer, sellers benefit from the fact that mortgage rates still hover around the rock-bottom lows seen during last year’s COVID crisis.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Cornerstone

JUNE 8, 2021

Locking in a historically low mortgage rate, while they can. The demands of these buyers give sellers enormous leverage. To provide an example, if you sell your home right now, you’re giving a buyer the chance to secure today’s record-low mortgage rates. Purchasing before housing prices rise again.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

Boston Appraisal

NOVEMBER 6, 2020

As of the end of October 2020, interest rates on a 30-year refinance mortgage were averaging around 3.2%. The home had been recently renovated and was in great condition. A real estate appraisal measures the actions of typical buyers and sellers in the marketplace and rarely do two buyers offer the same exact amount.

Appraisal 78

Appraisal Market Value Sellers Real Estate 78

Listing Spark

MARCH 15, 2022

Refinancing appraisals are another type of appraisal commonly used when an individual uses their current mortgage to buy and repay his/her existing mortgage. One of the biggest differences is that the buyer does not get involved in the appraisals. Source: YCHARTS. There are a few things that can hurt a home appraisal.

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Appraisal Renovations Contracts Buyers 36

Cleveland Appraisal Blog

MARCH 4, 2021

That usually appealing to many home buyers. For instance, a thirty-year old home may have an effective age that is the same as a fifty-year old home, if the fifty-year old home has been renovated to a degree that is comparable to the younger home. 80% of Home Price Appreciation Since 1990 Was Due To Falling Mortgage Interest Rates?

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Appraisal Real Estate Real Estate Agent Loan Conditions 223

Houston Properties

JANUARY 13, 2021

What’s shocking is (through the end of 2020) about 23% of Houston neighborhoods in specific areas are still selling at LOWER PRICES than before Hurricane Harvey hit in 2017. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? In addition, mortgage rates are at an all-time low.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

D Fritz Appraisals

MAY 21, 2021

The Mortgage Stress Test will be increasing as of June 1, 2021. Under the new requirements set by the Office of the Superintendent of Financial Institutions (OSFI), uninsured mortgages will increase to a qualifying benchmark rate of 5.25%. The Mortgage Stress Test Rollercoaster. Why is the Mortgage Stress Test Increasing?

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Mortgage Real Estate Insurance Renovations 133

Housing Wire

JUNE 21, 2022

In 2020, only 32% of 30-year-olds owned homes compared to 58% in 1980. Similarly, only 48% of all 30-year-olds in 2020 were married, in contrast to the 83% in 1980. Compare that to the average size of a single-family home in the United States in 2020: 2,491 square feet (Source: Statista ). To be precise, the average U.S.

Investors 410

Investors Renovations Inspection Government 410

Appraisal Partners Blog

FEBRUARY 4, 2020

Published on: January 21, 2020 – By Lexi Klinkenberg. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity. How to Build Equity in Your Home. and that is extra equity for the homeowner.

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Real Estate Appraisal Home Value Real Estate Agent 60

Lamacchia Realty

JULY 13, 2022

As a result, any home that came on the market went under agreement faster than ever before , with buyers competing against each other for virtually every home. Shant Banosian of Guaranteed Rate recently provided a mortgage market update where he discussed increasing rent prices. August 4, 2020. When you buy, you are in control.

Landlords 53

Landlords Mortgage Renovations Buyers 53

Housing Wire

OCTOBER 24, 2022

If anyone knows of anywhere that could be a good fit with my 20+years in maintenance/renovation leadership in multi-family, single family, or senior living, please pass my name along. Roofstock was valued at $600 million in January 2020, prior to the Series E funding round. Thanks in advance.”.

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Real Estate Investing Investors Business 396

The Robert Weiler Company

SEPTEMBER 7, 2022

First-time home buyers are choosing Ohio. Millennial home buyers are flocking to Ohio. Four cities in Ohio are listed within the first 10 spots of the August 2021 “Top 20 Cities for Millennial Home Buyers” report from Clever. Due to the effects of the pandemic, CNBC did not conduct the study in 2020.

Investing 78

Investing Business Real Estate Buyers 78

The Robert Weiler Company

MARCH 15, 2021

If you have a specialty property for sale, you need a specialty property buyer. On the real estate buyer side, our goal is to assist with the buyer’s vision. From there, we work on a plan that depicts what success will look like; and ultimately, we get the buyer to the finish line.

Appraisal 158

Appraisal Property Appraisal Real Estate Buyers 158

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. What’s next?

Real Estate 36

Real Estate Buyers Construction Sellers 36

Raleigh Realty

JULY 12, 2022

According to the latest census, the population in Raleigh grew by almost 64,000 residents between 2010 and 2020. Raleigh Real Estate Supply Raleigh is currently in a buyer’s market, which means there are more homes for sale than available buyers. This means buyers have more power to negotiate for lower pricing.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

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% “Add to the mix a dwindling number of homes for sale and rising mortgage rates , and the typical family that is still searching for an affordable house may have missed the boat,” Fairweather said.

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Contracts Buyers Renovations Government 485