Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

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Renovations Buyers Development Insurance 328

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%. The rate of bidding wars hit a peak in April 2021 with 74.3% ” Top markets for affordable renovated housing inventory. In September, 58.9%

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Renovations Inventory Agents Housing Market 404

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. As we begin to see the other side of the pandemic and throughout the past year, the home improvement and renovation industry is seeing an extremely high demand for tools, materials, and home improvement service providers. Buyer Resources. April 8, 2021. Cost of Materials. What You Can Do.

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Renovations Buyers Home Improvement Realty 55

Housing Wire

MAY 23, 2024

There’s been a fair amount of supply that’s been removed from inventory when we think about the large institutional investors who are buying and selling single-family homes. Before joining HUD, Todman was the CEO of the National Association of Housing and Redevelopment Officials (NAHRO) from 2017 to June 2021. We don’t see the supply.“

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Renovations Investors Housing Market Law 306

Housing Wire

JUNE 3, 2022

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. “If Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

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Construction Renovations Transportation Real Estate 428

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. The slide, presented in March 2021, forecasted that Offerpad would sell nearly 15,000 homes in 2023. ” reads an Opendoor Technology Inc.

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Marketing Inventory Renovations Investors 395

Kairos Appraisal Services

DECEMBER 16, 2021

There’s no doubt that 2021 was a hot real estate market, but there was another hot market this year, and that was the renovation market. Because of a lack of inventory, many homeowners opted to stay put in their homes and create their dream home in their current home.

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Renovations Inventory Real Estate Marketing 52

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.

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Finance Marketing Renovations Investors 346

Housing Wire

JULY 21, 2021

Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My Markets with Most Qualifying Inventory. of the 2021 estimated market value.

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Real Estate Investors Market Value Home Value 456

Housing Wire

FEBRUARY 28, 2022

The heightened demand has put a strain on Annapolis’ already tight housing inventory, causing properties that would have previously held narrow appeal to go faster than expected. “I I had one home recently that needed major cosmetic renovations and it ended up get-ting multiple offers, so it is still super competitive here,” she said.

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Housing Market Marketing Buyers Agents 351

Housing Wire

APRIL 2, 2021

Median home-sale prices increased 17% year-over-year to $335,613 – a record high, per data taken from more than 400 metro areas during the four-week period ending March 28, 2021. Fairweather’s suggestion for those would-be buyers: look at condominiums and other more realistic purchases, build some equity, and wait this out.

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Contracts Buyers Renovations Government 477

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. hit in the second quarter of 2021.” It remained way below the 44.6%

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Investors Inventory Investing Real Estate 342

Housing Wire

JUNE 25, 2021

iBuying appears to be back, after the nation’s top iBuying companies purchased 4,383 homes in the first quarter of 2021 — up 20.6% Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data.

Renovations 344

Renovations Marketing Buyers Inventory 344

Housing Wire

AUGUST 5, 2021

The 30-year fixed-rate mortgage dipped back to where it stood at the beginning of 2021, and the 15-year fixed remained at its historic low. This bodes well for those still looking to refinance, renovate or even purchase a new home.”. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

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Mortgage Valuation Housing Market Renovations 523

Housing Wire

SEPTEMBER 22, 2022

LOs interviewed by HousingWire said that most of their past clients don’t have a reason to sell their houses and that prospective buyers are waiting on the sidelines unless life happens — job relocations, marriage, divorce, pregnancy and death. million, below the 2019 range of 1.52 million to 1.93

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Mortgage Loan Officers Inventory Retail 375

Lamacchia Realty

JANUARY 6, 2022

In 2021, Lamacchia Realty continued its record growth across the company. The company went into the year with big goals despite the unprecedented low inventory and challenging market, particularly at the beginning of the year. The company achieved $1 Billion in Sales Volume months faster in 2021 than in 2020. Anthony Lamacchia.

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Realty Realtors Training Brokerage 77

Housing Wire

JUNE 13, 2023

The first quarter of 2023 proved a tough market for everyone in the housing industry, including institutional buyers of single-family rental (SFR) properties, but there are signs the second quarter of this year has been far more buoyant for these so-called “Wall Street” players. One clue to that resurgence is a $1.5

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Marketing Investors Inventory Real Estate 304

Appraisal Buzz

SEPTEMBER 26, 2022

There’s currently an inventory shortage, which is leading to more competition and increased prices. In 2021, more than 90% of builders reported backlogs and supply scarcity. Pent-up housing demand, low-interest rates and new buyers have also added to the crisis. Increase Buyer’s Confidence. Try Upzoning.

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Construction Supply Chain Buyers Retail 195

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. TODAY’S HOME BUYERS ARE LIKE THE CARP. There is a lot of demand out there, with very little inventory. It may be due to inventory levels continuing to drop.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Empire Appraisal Group

MARCH 11, 2021

Buyers | Florida Realtors. It adds yet another challenge for local buyers. They describe how local buyers have lost out to COVID-driven buyers from New York and other northern states. We were fortunate we knew someone who renovates in Boca West. year-over-year in January 2021, rising from $374,450 to $420,000.

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Buyers Real Estate Realtors Brokerage 78

Cleveland Appraisal Blog

APRIL 29, 2021

Any repairs that can be made without requiring an extensive renovation should be made, it’s a great move to ensure a higher value. It also makes it more likely that appraisers and buyers overlook or do not notice previous damage. What Buyers Look For. That will show potential buyers the potential of the space. Smart tech.

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Appraisal Investing Buyers Renovations 249

Housing Wire

JANUARY 6, 2023

billion in origination volume in 2021 to less than $500 million in 2022, Gallo plans on using his database of former clients — which make up to 70% of his referral business — to follow up and check in this year. But I think the inventory is the biggest piece that has to kick over for this to really take shape. After dropping from $1.2

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Business Loan Officers Clients Inventory 366

Lamacchia Realty

MAY 6, 2021

This site gets over 3,000 views a day on average so having it be a clean and straightforward resource for buyers and sellers is of the utmost importance. Ensuring buyers, sellers, and agents alike feel serviced by this clean and slimmed-down site is no small feat. Lamacchia Realty Ranked in the 2021 Mega 1000. May 14, 2021.

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Realty Brokerage Sellers Renovations 65

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? Concerned about a housing market crash?

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Housing Market Marketing Real Estate Realtors 68

Lamacchia Realty

JULY 13, 2022

Before the market shift in March 2022, interest rates were lower than ever , but so was the amount of inventory. 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. in April 2022 compared to April 2021. compared to 2021.

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Landlords Mortgage Renovations Buyers 56

Lamacchia Realty

FEBRUARY 22, 2023

Increased rates reduce buyer affordability, especially with the price of everything else going up at the same time, so many buyers were forced to exit the market and haven’t been able to re-enter. Most will either renovate or expand their homes rather than sell. less demand, more supply). over last January’s $354,300.

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Real Estate Sellers Contracts Buyers 70

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. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.*

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Sellers Buyers Real Estate Agent Inventory 61

Raleigh Realty

JULY 12, 2022

for overall real estate prospects Houses spend less than half the amount of time on the market than in 2021 Houses sell for almost $5,000 less than the national median price Over half of Raleigh residents own their home Raleigh Real Estate Demand Raleigh real estate trends show an increase in demand for housing in The Triangle.

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Real Estate Supply Chain Construction Home Value 78

Cornerstone

JUNE 8, 2021

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. Homeowners aren’t sure if they’ll need to renovate to receive a competitive offer. Now is the optimal time to do it.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

Will Springer Realtor

DECEMBER 11, 2022

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). for single-family homes ($1.316M), astounding after YoY prices were up 35% in the 12 months ending November 2021. months of inventory. in a month, down 3.9%

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Inventory Construction Supply Chain Buyers 36

Appraisal Today

APRIL 5, 2024

to 7% range for mortgage rates and anticipated fluctuations will significantly impact buyer affordability and demand. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. from its series’ peak in March 2021. Appraisers should closely monitor these trends.

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Appraisal Contracts Business Construction 77

Will Springer Realtor

OCTOBER 8, 2021

I also heard the same question from buyers this year. While early to mid-spring was frenzied – featuring waves of cash-carrying buyers with their contingency-absent offers – the housing environment settled down to a somewhat civilized pace by September and likely for the next few months. And that answer appears to be “yes.”

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Real Estate Buyers Inventory Housing Market 36

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. For context, the average U.S.

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Real Estate Buyers Construction Sellers 36

Will Springer Realtor

JULY 9, 2021

In addition to “more space,” prospective buyers were on the hunt for a quiet location (28%) and updated kitchen (25%), as the chart notes. THE ROI OF HOME RENOVATION. While most buyers focus on the standards of kitchens and bathrooms, research shows the best ROI is from replacing the garage door. BY THE NUMBERS . >>

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Buyers Development Transportation Inventory 36

Will Springer Realtor

MARCH 14, 2022

Most home buyers focus on the direction of interest rates. It’s very likely that these reductions are temporary, but since they’re happening as the spring home-buying season is kicking off, they provide a bit of a financial cushion for buyers – especially first-time buyers.”. A 2021 survey showed nearly half of U.S.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. this year. >>

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

AUGUST 9, 2021

The Biden administration’s $2T infrastructure plan includes $213B allocated for housing, with a focus on low- and middle-income homeowners and potential buyers. Many dug into savings and had their homes renovated or repaired. >> The National Association of Realtors’® top economist forecast 2021 will end the year with 6.1

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