Housing Wire

MAY 22, 2024

While aging in place is a common choice, economic and mortgage market realities are also making it difficult to relocate even if someone may want to. Some of the chains reporting increased renovation and modification activity include The Home Depot and Lowe’s , two of the largest home improvement retailers in the U.S.

Renovations 390

Renovations Design Home Improvement Advertising 390

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgage 280

Mortgage Real Estate Agent Real Estate Renovations 280

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. from 2012 to 2021. Across the country, 180 loan program originations took place between 2012 and 2021.

Mortgage 357

Mortgage Renovations Insurance Construction 357

Housing Wire

FEBRUARY 3, 2021

So, in 2021, we’re likely to see older and rustic trends being adopted as conventional ones take a back seat. Here are trendy tips that you can use for your 2021 home makeover: 1. The smooth porcelain glass that you have right now will not cut it in 2021. Four renovations to consider before selling your house.

Design 449

Design Modernization Decorating Renovations 449

Housing Wire

FEBRUARY 3, 2023

In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

Supply Chain 355

Supply Chain Renovations Finance Lending 355

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. April 8, 2021. Purchasing a Home That Requires Renovations and Repairs.

Renovations 55

Renovations Buyers Home Improvement Realty 55

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

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

Renovations 290

Renovations Finance Inspection Buyers 290

Housing Wire

NOVEMBER 15, 2021

The Department of Housing and Urban Development is taking a cautionary approach to changes to mortgage insurance premiums after a banner year for its Mutual Mortgage Insurance (MMI) fund. Marcia Fudge said there were no near-term plans to change FHA’s mortgage insurance premium pricing.). Earlier this year, HUD Sec.

Mortgage 381

Mortgage Insurance Renovations Tools 381

Housing Wire

MAY 8, 2023

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 My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Inventory 370

Inventory Renovations Supply Chain Buyers 370

Housing Wire

MARCH 18, 2022

When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. You are the reverse mortgage department,” he said. The partner smiled. “

Real Estate 443

Real Estate Real Estate Agent Mortgage Agents 443

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 428

Construction Renovations Transportation Real Estate 428

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 375

Mortgage Loan Officers Inventory Retail 375

Lamacchia Realty

FEBRUARY 8, 2022

Because of this, many buyers going through the home buying process are becoming more open to a house that needs renovations. Purchasing a home that requires renovations and repairs might seem overwhelming, but with these tips, the process of purchasing a fixer-upper and making those first repairs is much more manageable.

Renovations 74

Renovations Buyers Finance Home Improvement 74

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. billion manufactured home purchase mortgages in 2021, according to HMDA data.

Renovations 309

Renovations Finance Insurance Transportation 309

Housing Wire

MAY 23, 2024

In Economics 101, the increase in interest rates should have been coexisting with a decrease in demand,“ Todman said in an interview with HousingWire this week during the Mortgage Bankers Association ’s (MBA) Secondary and Capital Markets Conference. But we see demand. We don’t see the supply.“

Renovations 306

Renovations Investors Housing Market Law 306

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Mortgage 359

Mortgage Loan Officers Retail Finance 359

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. Mortgage rates dipped to record lows in 2021, then skyrocketed in early 2022. As long as those issues persist, we should not expect mortgage rates to level out any time soon. 2021 to Jan.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

NOVEMBER 14, 2023

Although some enterprising and lucky Gen Z home buyers locked in incredibly low mortgage rates during 2020 and 2021, those who weren’t ready to buy now have to contend with interest rates as high as 8%. Easy renovations are key For spaces that might not be immediately appealing, Gen Z wants those that can be easily renovated.

Real Estate 450

Real Estate Buyers Renovations Open Houses 450

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. 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. If it’s not moving, change the pricing so it does move.

Housing Market 355

Housing Market Renovations Marketing Retail 355

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. of the median family income in the surrounding Census tract on average.

Renovations 328

Renovations Buyers Development Insurance 328

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 346

Finance Marketing Renovations Investors 346

Housing Wire

OCTOBER 28, 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. in 2022.

Inventory 414

Inventory Renovations Contracts Buyers 414

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). billion in Q4 2021. level from the first quarter of 2021, ATTOM reported.

Lending 270

Lending Renovations Real Estate Finance 270

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. In turn, LOs will be fighting for a piece of the mortgage pie with less rate-sensitive mortgage products, just as they did in 2022.

Renovations 376

Renovations Realtors Construction Mortgage 376

Housing Wire

NOVEMBER 5, 2021

In March 2021, we began lowering RedfinNow offers, in anticipation of a summer deceleration in home-price increases,” Kelman said in the call. “In Where Redfin has been struggling with its iBuying operation – as was also the case with Zillow – is with renovations.

Renovations 280

Renovations Brokerage Agents Real Estate 280

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 447

Inventory Renovations Real Estate Government 447

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

OCTOBER 16, 2023

homeownership, alongside data detailing housing aid that has been provided since 2021. New initiatives include allowing homebuyers to leverage income from accessory dwelling units (ADUs), expanding mortgage lending for U.S. HUD will also continue to work on updates for its 203(k) Rehabilitation Mortgage Insurance Program.

Design 450

Design Insurance Construction Development 450

Housing Wire

JULY 14, 2022

The role of renovators. It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes. Nearly 100% of Auction.com buyers in 2021 (99%) purchased 10 or fewer properties during the year, and 79% purchased just one property. I buy local. Broader buyer spectrum.

Renovations 324

Renovations Investors Buyers Retail 324

Lamacchia Realty

AUGUST 17, 2021

With current home equity line of credit (HELOC) rates averaging between 1.79% and 7.24%, many homeowners that have been considering using HELOC to fund their home renovations are finally taking the plunge. The Pros & Cons of Home Equity Line of Credit for Home Renovations. Ways to Leverage Your Home Equity for Renovations.

Renovations 69

Renovations Home Improvement Realty Home Value 69

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 368

Construction Renovations Real Estate Marketing 368

Housing Wire

AUGUST 9, 2021

Likewise, the percentage of respondents who say mortgage rates will go down in the next 12 months decreased from 6% to 5%, while the percentage who expect mortgage rates to go up remained unchanged at 57%. The share who think mortgage rates will stay the same increased from 30% to 31%.

Buyers 457

Buyers Renovations Mortgage Marketing 457

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 355

Loan Officers Technology Lending Tools 355

Housing Wire

JUNE 1, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. trillion in 2021. Then, in what felt like an instant, in Q1 2022 mortgage rates skyrocketed and the refi boom ended. A HELOC is now cheaper than a refi.

Renovations 380

Renovations Mortgage Real Estate Finance 380

Housing Wire

MAY 3, 2022

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. trillion in 2021. Then, in what felt like an instant, in Q1 2022 mortgage rates skyrocketed and the refi boom ended. A HELOC is now cheaper than a refi.

Renovations 373

Renovations Mortgage Real Estate Finance 373

Housing Wire

APRIL 27, 2023

And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal. The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.”

Renovations 276

Renovations Investing Real Estate Marketing 276