Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. This bodes well for those still looking to refinance, renovate or even purchase a new home.”.

Mortgage 523

Mortgage Valuation Housing Market Renovations 523

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.

Renovations 55

Renovations Buyers Home Improvement Realty 55

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. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Construction 443

Construction Renovations Transportation Real Estate 443

Lamacchia Realty

FEBRUARY 8, 2022

When buyers are in the process of finding their perfect home, they often realize that finding a home that checks all of the boxes, has a great layout, and is aesthetically pleasing is easier said than done, especially if you’re a first-time homebuyer on a budget. When in doubt, get your permits.

Renovations 74

Renovations Buyers Finance Home Improvement 74

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. “I higher than last year.

Mortgage 381

Mortgage Loan Officers Inventory Retail 381

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. in 2022.

Inventory 414

Inventory Renovations Contracts Buyers 414

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% As mortgage rates continue to rise, we can expect bidding wars to keep slowing.” In September, 58.9%

Renovations 404

Renovations Inventory Agents Housing Market 404

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. Fannie Mae recently projected originations for 2023 at $1.59

Inventory 455

Inventory Renovations Real Estate Government 455

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.

Finance 362

Finance Marketing Renovations Investors 362

Housing Wire

MARCH 4, 2022

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. Presented by: Auction.com.

Construction 370

Construction Renovations Real Estate Marketing 370

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 370

Renovations Marketing Buyers Inventory 370

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.

Marketing 408

Marketing Inventory Renovations Investors 408

Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

Lending 422

Lending Home Value Mortgage Renovations 422

Housing Wire

JANUARY 26, 2021

Appraisals are estimates of a home’s value — and they’re typically required before you can close on your mortgage loan. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer. Is 2021 a good time to buy a house? More for Real Estate Enthusiasts.

Inspection 382

Inspection Real Estate Agent Real Estate Investing 382

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. 2021 to Jan.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

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?

Renovations 69

Renovations Finance Inspection Buyers 69

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.

Appraisal 249

Appraisal Investing Buyers Renovations 249

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. The name of the game in the industry was purchase mortgages. and Scotsman Guide ‘s fourth-ranked LO in the country.

Business 387

Business Loan Officers Clients Inventory 387

Lamacchia Realty

FEBRUARY 15, 2023

After over a decade of serving buyers and sellers in New Hampshire, Lamacchia Realty is in the process of opening their first branch office in The Granite State! The renovation is expected to be complete with an official grand opening in March 2023. Lamacchia Realty has been serving buyers and sellers since 2006.

Realty 74

Realty Realtors Renovations Sellers 74

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% from May 2021 on sharply higher interest rates.

Mortgage 525

Mortgage Renovations Buyers 525

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? In addition, mortgage rates are at an all-time low.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

FEBRUARY 8, 2024

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. Here, Nicholson promises excellence, knowledge and personalized results for discerning buyers and sellers. She underscores her expertise and global experience.

Real Estate Agent 387

Real Estate Agent Real Estate Agents Clients 387

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

McKissock

APRIL 9, 2021

Last month (March 2021) we asked appraisers across the U.S., “What type of appraisal has seen the MOST growth in demand in your local area due to COVID-19?” There has been an increase in remodeling and renovating since being quarantined.” ” “I receive so many requests that I could work 24 hours a day.”

Appraisal 96

Appraisal Real Estate Renovations Inspection 96

Listing Spark

SEPTEMBER 5, 2023

Ten percent of homes sold in 2021 were sold by their owners without a realtor. You can sell your home as an FSBO by following these five basic steps: Make repairs or renovations to your home (if applicable). Make repairs or renovations to your home (if applicable). Decide what price you want to list your property at.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Mortgage rates Mortgage rates exhibited a minor retreat to 6.79%, remaining within the 6.6%

Appraisal 77

Appraisal Contracts Business Construction 77

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

Inventory 390

Inventory Renovations Supply Chain Buyers 390

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

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.

Appraisal 36

Appraisal Renovations Contracts Buyers 36

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. Net owner-occupancy rates.

Renovations 347

Renovations Investors Buyers Retail 347

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. baths, 5,550 sq.ft.,

Appraisal 74

Appraisal Contracts Real Estate Architecture 74

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer. billion and a 27.4%

Appraisal 81

Appraisal Agents Real Estate Real Estate Agent 81

Appraisal Today

NOVEMBER 3, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. Mortgage markets navigate through a storm This year, mortgage markets have been stirred by significant volatility.

Appraisal 77

Appraisal Contracts Architecture Mortgage 77

Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. million over that period to acquire 52 units and renovate several of its 50 existing units.

Landlords 446

Landlords Home Value Construction Renovations 446

Appraisal Today

APRIL 21, 2023

One-Room Schoolhouse in New Role as an Adorable Tiny Home Excerpts: The recently renovated schoolhouse was built in 1860 to serve the farming community of Elizaville, NY—a hamlet in the towns of Clermont and Gallatin, which still had fewer than 2,000 residents as of 2022. Mortgage applications decreased 8.8

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

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?

Mortgage 133

Mortgage Real Estate Insurance Renovations 133

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