Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. The Fed report shows HELOC balances nationwide stood at a total of $336 billion at yearend 2022.

Housing Market 357

Housing Market Marketing Contracts Lending 357

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 377

Inventory Renovations Supply Chain Buyers 377

Housing Wire

FEBRUARY 27, 2024

million, down from $222 million in Q4 2022. The company reported a net loss of $23 million in the final quarter of the year, down from a loss of almost $62 million in Q4 2022. Factors contributing to this increase included adjustments in homebuyer commission refunds, revenue from concierge renovation services and rising home prices.

Brokerage 337

Brokerage Housing Market Renovations Real Estate 337

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. housing market.”

Finance 352

Finance Marketing Renovations Investors 352

Housing Wire

MAY 30, 2024

That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months. My advice for those buyers is to be open-minded: Consider single-family homes that are a bit outdated but don’t need major renovations, and/or homes in lesser-known, non-trendy neighborhoods.

Renovations 389

Renovations Buyers Real Estate Mortgage 389

Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. And homeowners insurance costs are three times higher in Florida than the national average.

HOA 464

HOA Law Insurance New Listings 464

Appraisal Buzz

AUGUST 23, 2022

With the housing market gradually returning to pre-pandemic norms and mortgage rates surging over 2.5 percentage points in 2022, many homeowners are choosing to renovate their living spaces rather than search for a new home.

Renovations 195

Renovations Housing Market Appraisal Mortgage 195

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. So far in 2022, only 5.4%

Investors 389

Investors Renovations Marketing Retail 389

Housing Wire

SEPTEMBER 23, 2022

A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market. to 67.6%; Nashville from 71.1% to 75.2%; and Phoenix from 62.7%

Inventory 328

Inventory Housing Market Investors Investing 328

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. However, you must be aware of your budget and timeline before committing to a kitchen renovation.

Renovations 303

Renovations Appraisal Home Improvement Buyers 303

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. All four major U.S.

Inventory 414

Inventory Renovations Contracts Buyers 414

Housing Wire

NOVEMBER 4, 2021

From 2022 through 2024, this total represents a need for an additional 2.2 Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed. Top markets for affordable renovated housing inventory. million new hires for construction.

Construction 523

Construction Renovations Training Development 523

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year. He hit a record $2.47

Renovations 383

Renovations Realtors Construction Mortgage 383

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. level from the second quarter of 2022 and far beneath a recent peak of 60.8%

Investors 351

Investors Inventory Investing Real Estate 351

Housing Wire

JANUARY 3, 2024

Housing teachers Aspen is famous for ski slopes and luxury housing. 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.

Landlords 435

Landlords Home Value Construction Renovations 435

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.

Inventory 451

Inventory Renovations Real Estate Government 451

Housing Wire

JULY 7, 2023

since March 2022. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022. Residential construction is defying expectations and it’s because the housing market continues to face a housing shortage.”

Construction 334

Construction Renovations Government Inventory 334

Housing Wire

AUGUST 4, 2023

Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. since March 2022. On the housing market, she said that conditions are still favorable for households, supporting housing demand. The unemployment rate changed little at 3.5%, compared to 3.6%

Marketing 286

Marketing Construction Renovations Home Improvement 286

Housing Wire

JUNE 30, 2022

The housing market has undergone a significant transformation over the past two years. While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence.

Lending 312

Lending Housing Market Technology Business 312

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. A 2022 report found that the NADL program was severely underutilized , with just 89 loans originated in the continental U.S.

Mortgage 365

Mortgage Renovations Insurance Construction 365

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 largest, undisrupted market in the U.S.,” By the time it sold its final home in September 2022, the division had lost more than $1.5

Marketing 400

Marketing Inventory Renovations Investors 400

Housing Wire

AUGUST 22, 2022

According to Black Knight, at the end of the second quarter of 2022, the average U.S. The 2022 housing market has been underscored by interest rate spikes and refi decline and lenders are working hard to adjust to new borrower trends. Borrowers can apply for up to three loans, subject to a limit of $750,000 per borrower.

Realtors 331

Realtors Renovations Real Estate Tools 331

Raleigh Realty

JULY 12, 2022

A healthy housing market indicates a healthy national economy. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? 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.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Housing Wire

NOVEMBER 5, 2021

Where Redfin has been struggling with its iBuying operation – as was also the case with Zillow – is with renovations. We’re expanding our renovations capacity quickly, and already pricing higher renovation costs into our offers,” Kelman said. We can’t wait to see what happens in the last quarter of 2021 and in 2022,” he said.

Renovations 288

Renovations Brokerage Agents Real Estate 288

Housing Wire

JUNE 13, 2023

Pretium owns the SFR platform Progress Residential, which controlled a portfolio of some 87,000 SFR homes as of yearend 2022. Horton homes were built as rentals and are located in the Southeast and Southwest — red-hot investment regions for the institutional SFR market. in the fourth quarter of 2022 and from 6.1%

Marketing 313

Marketing Investors Inventory Real Estate 313

Housing Wire

MARCH 26, 2024

Salmanson, CEO of Cherre , a data integration and insights platform serving the real estate market, including institutional owners of single-family rental (SFR) properties. 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,

Investors 433

Investors Marketing Inventory Real Estate 433

Housing Wire

JULY 3, 2023

billion in Q1 2022 (which was roughly in line with industry peers). from the fourth quarter of 2022’s $2.04 PrimeLending, led by president and CEO Steve Thompson, ranked as the 34th largest mortgage lender in the first quarter of 2023, with an estimated origination volume of $1.73 billion, a 54% decline from $3.76

Loan Officers 341

Loan Officers Marketing Retail Renovations 341

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 374

Business Loan Officers Clients Inventory 374

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CW : At Reverse Mortgage Funding , education has always been a number-one priority.

Mortgage 392

Mortgage Clients Insurance Tools 392

Housing Wire

OCTOBER 17, 2023

A July 2022 article in The New York Times traces how one man’s New York city real estate empire was allegedly built through a practice called deed theft, often targeting homeowners facing foreclosure. That means pre-foreclosure sales accounted for 64% of all distressed property sales in 2022, the highest share on record.

Buyers 380

Buyers Retail Market Value Real Estate Agent 380

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. million to 1.93

Mortgage 377

Mortgage Loan Officers Inventory Retail 377

Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

Appraisal 366

Appraisal Appraisal Process Valuation Renovations 366

Housing Wire

MAY 17, 2022

“I am confident that she will bring a depth of expertise and perspective to FHA at a critical time for our country’s housing market.”. Housing industry stakeholders have a lengthy list of changes they hope Gordon will implement. Toomey, in a statement published in May 2022, also criticized Gordon’s career in housing.

Insurance 320

Insurance Development Housing Market Mortgage 320

The Robert Weiler Company

SEPTEMBER 7, 2022

Below, we explore why it’s a good idea to buy land in Ohio; the benefits of buying land to build a house or business; and we even detail some alternatives to buying real property… from your couch, if you’re not ready to buy land for sale! Is Buying Land a Good Investment in Ohio in 2022? industrial and tech hub.

Investing 78

Investing Business Real Estate Buyers 78

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. 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

Lamacchia Realty

FEBRUARY 22, 2023

It’ll likely be summer when we finally see home sale numbers get closer to last year’s as the beginning of 2022 exhibited sales numbers too high for 2023 to compete with. Listen to Anthony talk about the current housing market in more detail on Boston25 morning news here ! when compared to January 2022.

Real Estate 70

Real Estate Sellers Contracts Buyers 70

Housing Wire

APRIL 25, 2022

In Texas, lawmakers limited property tax rate increases even before the COVID-19 housing rush sent home prices skyward. Although school tax rates dropped 13% after the legislation passed in 2019, taxable values — propelled by the white-hot housing market — were up 23% in the same period, the Texas Taxpayers and Research Association found.

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Property Taxes Government Appraisal Valuation 404