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. “The largest, undisrupted market in the U.S.,”

Marketing 402

Marketing Inventory Renovations Investors 402

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?

Construction 436

Construction Renovations Transportation Real Estate 436

Housing Wire

FEBRUARY 21, 2023

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If Opendoor lost an average of $6,000 on Q4 2022 flips, down from an average gain of nearly $16,000 per property for homes flipped in Q4 2021.

Housing Market 364

Housing Market Renovations Marketing Retail 364

Housing Wire

OCTOBER 18, 2021

But on Monday the home listings giant called a timeout on purchasing homes through the end of 2021. Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. billion in unsold home inventory. construction workers.

Renovations 381

Renovations Real Estate Construction Contracts 381

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.

Renovations 52

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.

Finance 354

Finance Marketing Renovations Investors 354

Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. They are able to pay with cash, take on bigger renovations and provide current occupants with a graceful exit.

Renovations 339

Renovations Buyers Development Insurance 339

Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Temporary rate buydowns that lower mortgage rates during the initial period will be products LOs will be pushing for, as well as diversification of mortgage products that include renovation products or construction loans.

Renovations 386

Renovations Realtors Construction Mortgage 386

Housing Wire

OCTOBER 29, 2020

The field positions included those who evaluated homes, maintained homes and managed renovation work for homes in Zillow’s inventory. During the second quarter , Zillow sold 1,437 homes and purchased 86 homes through Zillow Offers, ending Q2 with 440 homes in its inventory. million, compared to $248.9 million a year prior.

Renovations 284

Renovations Inventory Brokerage Real Estate 284

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%.

Mortgage 523

Mortgage Valuation Housing Market Renovations 523

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% 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.”

Renovations 356

Renovations Marketing Buyers Inventory 356

Housing Wire

SEPTEMBER 22, 2022

“The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory,” said Logan Mohtashami, Lead Analyst at HousingWire. million, below the 2019 range of 1.52 million to 1.93

Mortgage 378

Mortgage Loan Officers Inventory Retail 378

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.

Housing Market 363

Housing Market Marketing Buyers Agents 363

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.

Realty 77

Realty Realtors Training Brokerage 77

Housing Wire

JULY 20, 2021

Borrowers now have settled in homes that in many cases are growing in value, and may have a need to take on renovation costs or consolidate debt, which brings on a greater need for cash-out refinances. million self-employed Americans in April 2021. million people in the past year to a total of 9.65

Marketing 366

Marketing Lending Government Renovations 366

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 380

Inventory Renovations Supply Chain Buyers 380

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

Business 377

Business Loan Officers Clients Inventory 377

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. The debt level, both current and anticipated in 2021, is worrisome. We believe the bill won’t come due in 2021 and potentially not in 2022 either.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Buzz

MARCH 25, 2024

In yet another sign of down times for the home-flipping industry, profits and profit margins also sank on quick buy-renovate-and-resell projects. in 2021, hitting the worst level since 2007. “In Lack of inventory and ever-rising home prices are the main factors impacting the home flipping business. That’s down from 28.1%

Renovations 334

Renovations Investors Inventory Sellers 334

Lamacchia Realty

MAY 6, 2021

Lamacchia prides itself on its services, such as the Offer Now Profit Share Program for sellers and the widely successful Lamacchia Links tool that gives desperate buyers more homes to choose from in this low inventory market. Lamacchia Realty Ranked in the 2021 Mega 1000. May 14, 2021. May 13, 2021. May 11, 2021.

Realty 65

Realty Brokerage Sellers Renovations 65

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. However, adding a bathroom to your floorplan is one of the pricier renovation projects you can undergo, so it may not be within everyone’s budget. Is there water damage around your windows? Bottom line.

Appraisal 249

Appraisal Investing Buyers Renovations 249

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Renovating Right.

Investors 389

Investors Renovations Marketing Retail 389

Appraisal Buzz

APRIL 11, 2022

Mortgage rates dipped to record lows in 2021, then skyrocketed in early 2022. 2021 to Jan. Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. Inventory Shortage Won’t Be Solved.

Buyers 370

Buyers Renovations Supply Chain Housing Market 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. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* For educational purposes only.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Housing Wire

SEPTEMBER 23, 2022

The claim by the authors that single-family rental home companies “swoop up much of the inventory” of homes from potential homebuyers is, in fact, not supported by the data in any way, shape, or form. of the nation’s total housing inventory. Rather, large companies own less than 1.5%

Inventory 332

Inventory Housing Market Investors Investing 332

Cornerstone

JUNE 8, 2021

Homeowners aren’t sure if they’ll need to renovate to receive a competitive offer. Since inventory is so tight, many more homebuyers are opting to take on renovation projects themselves so they can nab the home they have their eye on. Now is the optimal time to do it. Eighteen days is incredibly fast, making a brand-new record.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

Housing Wire

NOVEMBER 15, 2021

Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

Mortgage 386

Mortgage Insurance Renovations Tools 386

Appraisal Today

APRIL 5, 2024

Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. Construction and Inventory Trends: With new construction activity surging and a notable increase in permits, there is an impending shift in market supply. from its series’ peak in March 2021.

Appraisal 77

Appraisal Contracts Business Construction 77

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.

Real Estate 457

Real Estate Investors Market Value Home Value 457

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%

Investors 355

Investors Inventory Investing Real Estate 355

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. There is a lot of demand out there, with very little inventory. It may be due to inventory levels continuing to drop. 2021 is off to a wild start.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

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. But, never boats that were houses.

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Housing Wire

JUNE 13, 2023

This uptick is a sign that more housing inventory is available for sale as more potential homebuyers are priced out of the market due to high interest rates and soaring housing prices. Even in San Antonio, which is just south of Austin and where homes are more moderately priced, Lwowski said home inventory is up 53% year over year.

Marketing 317

Marketing Investors Inventory Real Estate 317

Houston Properties

JULY 18, 2022

Antique Pavilion — An upscale multi-dealer shop that houses an inventory of authentic antiques, fine accessories, and a vast assortment of collectibles. Older properties have been renovated and updated. 2021: Best Real Estate Teams in America, RealTrends.com. 2021: Top 100 Women Leaders in Real Estate of 2021.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Appraisal Today

JULY 7, 2023

2021, was one of the first (and perhaps the most publicized). But since late 2021, a number of similar lawsuits have popped up—from North Carolina to Maryland. Despite the home’s age, it isn’t a money pit or desperate for a renovation. Tate-Austin v. Janette Miller, filed in California in Dec. Connolly & Mott v.

Appraisal 77

Appraisal Real Estate Contracts Mortgage 77

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. in April 2022 compared to April 2021. compared to 2021. year-over-year rent change in April compared to 2021. increase compared to 2021. increase over 2021. In Fort Lauderdale , rent grew 20.4%

Landlords 56

Landlords Mortgage Renovations Buyers 56

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.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78