Housing Wire

JULY 6, 2023

Meanwhile, mortgage interest rates have hovered in the 6% to 7% range over the past six months, up more than 3 percentage points since early 2022, yet home prices have increased for several months in a row, Freddie Mac ’s chief economist, Sam Khater, points out in a recent commentary. million more housing units to meet existing demand.

Inventory 455

Inventory Renovations Real Estate Government 455

Raleigh Realty

JULY 31, 2022

If you are a first-time home buyer try not to freak out because this is why you hired a home inspector, to find the issues with the home This gives the buyers an opportunity to negotiate some reasonable requests before purchasing the home. Some requests will be mandatory fixes or the buyer will choose to find another home.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

Lamacchia Realty

APRIL 17, 2024

Potential home buyers may be looking for that extra bit of charm that wood floors offer. While some sellers may renovate a bathroom or do small improvements to make the home feel new , don’t overlook the power of a fresh hardwood floor. Hardwood Floors Offer Design Versatility Certain home features can make or break it for home buyers.

Home Value 66

Home Value Buyers Realtors Realty 66

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%. Connie Kim: It’s been a tough year for even the top producing loan originators in 2022. After dropping from $1.2

Business 387

Business Loan Officers Clients Inventory 387

McKissock

AUGUST 14, 2022

Do we have enough houses to meet buyer demand, or will seller listings continue to be snatched up before they hit the market? Here are some things to be aware of as you move into the last part of 2022 and a new year. Need for New Construction. Construction Workforce Concerns. Ripples from the Great Recession.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

SEPTEMBER 22, 2022

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. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot.

Mortgage 381

Mortgage Loan Officers Inventory Retail 381

Town & Country Residential Appraisals

SEPTEMBER 26, 2022

When you are a cash buyer you definitely want to get an appraisal. In cases where a buyer is using financing, there is a built in fail safe because the lender is going to require an appraisal. Consulting services are what you need if you are looking to remodel, subdivide or construct an new addition.

Appraisal 50

Appraisal Renovations Real Estate Valuation 50

Raleigh Realty

DECEMBER 23, 2021

Glassdoor ranked the city of Raleigh, NC as the 1 Best City for Jobs in 2015 The Raleigh airport, also known as Raleigh Durham International Airport (RDU) has seen some major renovations in recent years as well as new airlines bringing new flight paths in and out of the Raleigh area. We also have helped people who are moving to Charlotte.

Real Estate Agent 148

Real Estate Agent Realtors Real Estate Agents 148

Lamacchia Realty

DECEMBER 29, 2022

In short, contractors and construction workers need to work. And then you can just have it ready when the construction crew arrives in winter. . And while that is true, you shouldn’t forget that it’s also great for renovating the exterior of your home. October 25, 2022. September 27, 2022. Read More ».

HOA 57

HOA Construction Government Renovations 57

Hank Miller Team

NOVEMBER 15, 2022

As we enter the final weeks of 2022, the national real estate market is catching its breath. We clearly see the impact of the interest rate hikes as they suppressed buyer activity. Renovations – Cooped up in their homes, renovations and updating became a thing to do. Why move now?

Inventory 52

Inventory Renovations Housing Market Buyers 52

Appraisal Today

APRIL 5, 2024

A Black couple in Baltimore – Dr. Connolly and Dr. Mott, both university professors – filed suit in August 2022 alleging racial discrimination against loanDepot.com and the appraiser it engaged to appraise their home for a refinance. Appraisers should consider the potential impact, especially in markets with significant new construction.

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

Housing Wire

JANUARY 3, 2024

In 2022, the median home was worth about $843,000, and the median renter paid $1,738 per month, according to American Community Survey five-year estimates. million over that period to acquire 52 units and renovate several of its 50 existing units. million bond to purchase property to construct affordable housing for teachers and staff.

Landlords 446

Landlords Home Value Construction Renovations 446

Appraisal Today

FEBRUARY 17, 2023

Regarding our garage example, we might start with answering these types of questions: What have you observed about how buyer’s react to additional garages? Do buyers react differently based on the price range, size, quality, or other features of the home? How many garages are enough for most buyers, how many garages are too many?

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Raleigh Realty

JULY 12, 2022

Let’s take a deep dive into emerging data in Wake County from 2022 and narrow down on key Raleigh real estate trends. of its original list price in Q1 of 2022. In this post, we’re going to cover the Raleigh real estate trends in 2022 so far, including: Rated number one in the U.S. in the fall 2022 semester.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Houston Properties

JULY 19, 2022

They brought a lot of buyers through, and we were fortunate enough to have multiple offers to choose from. Sandalwood is the perfect place for buyers who are looking for a perfect balance between a luxurious lifestyle and serene city living. increased sphere of influence and exposure to more potential buyers.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 21, 2022

Similar to Houston’s most affluent neighborhoods, developers renovated many of Royden Oaks homes and replaced them with newer and larger properties. Royden Oaks homes for sale are a mix of elegant ranch-style homes and new construction two-story residences. increased sphere of influence and exposure to more potential buyers.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Housing Wire

JUNE 21, 2022

rent of a single-family home is only 21% more than the average rent of an apartment in 2022, according to World Population Review. Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. To be precise, the average U.S.

Investors 399

Investors Renovations Inspection Government 399

Appraisal Today

NOVEMBER 3, 2023

The vast majority of complaints (but not all) stem from an appraisal that comes in below the contract price or the targeted refinance “number” where the homeowner, or even the buyer, identifies as part of a minority racial or ethnic group. Care was taken to move as little earth as possible during construction.

Appraisal 77

Appraisal Contracts Architecture Mortgage 77

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. An index score of 100 means that a buyer with a median U.S. The national trend for new construction, however, is generally moving in the opposite direction.

Buyers 36

Buyers Development Construction New Listings 36

Housing Wire

MARCH 26, 2024

That started in Q4 of 2022, so it’s been about six quarters at this point, and we predicted it would last 24 to 26 months,” Salmanson added. “So, Last year, there was a total of 308,922 single-family home and condominiums flips, compared with 436,807 in 2022, according to Attom. billion in total.

Investors 442

Investors Marketing Inventory Real Estate 442

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? On the other hand, interest rates should rise, and since so much of real estate is financed, it would reduce the amount that buyers can afford to pay, thereby reducing demand for primarily financed properties. There’s No Free Lunch.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

OCTOBER 17, 2023

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. level from the second quarter of 2022 and far beneath a recent peak of 60.8% It remained way below the 44.6%

Investors 369

Investors Inventory Investing Real Estate 369

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. in the first half of 2022.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

MARCH 29, 2022

This has prompted many households to build or renovate a more sustainable home – to cut both their carbon footprint and bottom line. home builders reporting at least 61% of their projects as “green” rose from just under one-third in 2015 to 44% in 2022. The figures bear that out. The number of single-family U.S.

Renovations 64

Renovations Construction Design Architecture 64

Houston Properties

JULY 18, 2022

Older properties have been renovated and updated. Some have since been replaced with new construction homes. Recent awards include: – 2022: #1 Residential Real Estate Team by Sales Volume, Houston Business Journal. more people addressing field calls and questions from buyers and agents to facilitate a faster, successful sale.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 20, 2022

On the buyer side, she will absolutely tell you what’s wrong with a property and give you all of the reasons not to buy it. The neighborhood features renovated vintage and recently constructed homes. Afton Oaks patio homes and townhomes are among the new construction projects developers have started in the last few years.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Appraisal Today

JULY 29, 2022

The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical. Spiking housing supply & fewer buyers. July 25, 2022 . This is actually about fewer buyers getting into contract. New in the August 2022 Issue of Appraisal Today.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Houston Properties

JULY 20, 2022

Camp Logan is a beautiful neighborhood filled with mostly newer construction single-family homes and townhomes. Most homes in the neighborhood are new construction single-family homes, townhomes, and newly renovated properties. increased sphere of influence and exposure to more potential buyers. lower risk for mistakes.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Houston Properties

JULY 21, 2022

Located within the Inner Loop area, Avalon Place is a deed-restricted neighborhood with a collection of newly renovated properties and new construction single-family homes and townhomes. Most of the Avalon Place real estate for sale are newly renovated properties and new construction single-family homes.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Will Springer Realtor

MAY 9, 2023

months in Q2 of 2022, according to a survey conducted by John Burns Research & Consulting. Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. Kitchen and bath professionals are reporting 3.9-month

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

OCTOBER 8, 2021

I also heard the same question from buyers this year. This has prompted rates for everything from car loans to mortgages to inch higher and will likely continue an upward trajectory through at least mid-2022. (A Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue.

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

MARCH 14, 2022

Most home buyers focus on the direction of interest rates. Until the start of this conflict, rates were expected to rise steadily through 2022 with anywhere from three to five Federal Reserve-generated hikes to stem the rapid rate of inflation. off their 2022 high of 3.92% (the highest level since May 2019).

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Appraisal Today

JULY 22, 2022

Fannie’s New ANSI FAQS July 2022. I received the Fannie email notice on July 19, 2022, at 10:30 Pacific time. When Fannie first announced in December 2021 that ANSI would be required on April 1, 2022, there was lots of confusion among appraisers who had never used ANSI or were not using it properly. Or, hit the reply button.

Appraisal 52

Appraisal Contracts Buyers Design 52