Housing Wire

JULY 7, 2023

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. In the June jobs report, residential building construction employment is up 0.8%

Construction 370

Construction Renovations Government Inventory 370

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 year 2023 is going to be a little bit different. and Scotsman Guide ‘s fourth-ranked LO in the country.

Business 404

Business Loan Officers Clients Inventory 404

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “There is too much distraction in the market; there are some negative folks out there.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

JUNE 1, 2023

The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets. According to Gross, the move to the new company brings “access to improved pricing, technology and marketing to Platinum’s branches.” “In The company’s assets will add to Planet’s 30 branches and 128 active LOs. The lender originated $6.5

Retail 393

Retail Mortgage Lending Renovations 393

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

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. Fannie Mae recently projected originations for 2023 at $1.59 trillion, a revision downward from its January estimate of $1.65

Inventory 457

Inventory Renovations Real Estate Government 457

Raleigh Realty

JULY 12, 2022

If you’re considering a home renovation, you might be looking for some insight on what other homeowners are doing. That’s why we’re rounding out some top home renovation statistics so you know what to expect from your next home improvement project. billion in the United States alone by the end of 2022.

Home Improvement 60

Home Improvement Renovations Construction Supply Chain 60

Housing Wire

FEBRUARY 15, 2023

The lender offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. billion, largely due to rising rates and the refi business drying up, the lender expects a 25% increase in origination volume in 2023 from the M&A deals it closed in 2022.

Retail 370

Retail Renovations Loan Officers Lending 370

Empire Appraisal Group

JULY 27, 2023

In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. NEW YORK – Real estate agents say today’s buyers appear to have little desire to take on the additional costs and headaches of major renovation projects.

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

Hank Miller Team

NOVEMBER 15, 2022

As we enter the final weeks of 2022, the national real estate market is catching its breath. Some markets remain in flux, others have started to level off already. Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. There are a few key things to consider around Atlanta for 2023.

Inventory 52

Inventory Renovations Housing Market Buyers 52

Will Springer Realtor

JULY 25, 2023

One of those objectives may be to make renovations on the home now when you can still safely – and, we trust, affordably – manage the projects before being too busy playing pickleball, volunteering your time or traveling the world. All estimates are associated with the Seattle metro market.) Styles and tastes change.

Renovations 36

Renovations Investing Buyers Construction 36

Housing Wire

FEBRUARY 8, 2024

And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. In 2023, Tate was recognized by RealTrends as one of the Best Real Estate Professionals in the United States. Representing the top 1.5%

Real Estate Agent 404

Real Estate Agent Real Estate Agents Clients 404

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. 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. And it’s going to get worse. Mark Glebman, Caliber Home Loans.

Mortgage 382

Mortgage Loan Officers Inventory Retail 382

Lamacchia Realty

APRIL 17, 2024

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 are typically constructed from solid wood planks or engineered wood, both designed to withstand heavy foot traffic. appeared first on Lamacchia Realty.

Home Value 66

Home Value Buyers Realtors Realty 66

Appraisal Today

APRIL 5, 2024

I’m always looking for something new == The Full Measure with Kevin Hecht: March 2024 Housing Market Insights By Kevin Hecht, March 28, 2024 Excerpts: In this installment of The Full Measure with Kevin Hecht, uncover March 2024 housing market insights, plus key takeaways for residential appraisers. baths, 6,263 square feet, 2.23

Appraisal 76

Appraisal Contracts Business Construction 76

Housing Wire

MARCH 26, 2024

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D. In 2023, the landscape for home flipping across the U.S.

Investors 450

Investors Marketing Inventory Real Estate 450

Housing Wire

JANUARY 3, 2024

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. And while Aspen and Austin are pricey housing markets, their need for housing that the general workforce can afford is universal.

Landlords 457

Landlords Home Value Construction Renovations 457

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 404

Inventory Renovations Supply Chain Buyers 404

Appraisal Today

NOVEMBER 3, 2023

FHFA’s Desktop Appraisal Oversight: OIG Report Highlights Documentation Gaps Oct 31, 2023 Excerpts: The lack of consistent record-keeping on desktop appraisal reports could pose risks to financial safety, with the OIG pushing for increased transparency and improved monitoring. Between Oct.

Appraisal 75

Appraisal Contracts Architecture Mortgage 75

Housing Wire

JANUARY 31, 2023

Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures. billion in loan production in 2022, saw potential to expand in local markets by scooping up LOs that could bring over their network of local clients. But not every LO will find a new workplace. In-house is key.

Mortgage 393

Mortgage Loan Officers Retail Finance 393

Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property. It’s a good discussion of this topic.

Appraisal 75

Appraisal Real Estate Real Estate Agent Contracts 75

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. Despite what some highly placed authorities in the GSEs mistakenly would have us believe, the contract price, in and of itself, is not indicative of a property’s market value.

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

Housing Wire

APRIL 27, 2023

Another larger player in the space, Progress Residential , recently postponed a securitization transaction due to difficult market conditions. And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal.

Renovations 379

Renovations Investing Real Estate Marketing 379

Appraisal Today

FEBRUARY 17, 2023

Click here for the 4 ways, plus information on why I take ads, etc. == Marketing tip of the week – Your business voicemail What message does the caller hear when their phone call goes to voicemail? To read about many other easy, practical marketing tips for appraisers, subscribe to the paid Appraisal Today.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

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. That’s particularly true for mom-and-pop investors across both market segments.

Investors 414

Investors Inventory Investing Real Estate 414

The Robert Weiler Company

APRIL 7, 2023

Upgrades to existing buildings brought an even bigger reduction in operating costs globally, with green renovations at 11.5% Construction of new green buildings and green renovation or retrofit projects increase the asset value of buildings by upwards of 9%. reduction in operating costs in the first year and a 16.9%

Real Estate 109

Real Estate Construction Development Investing 109

Will Springer Realtor

DECEMBER 13, 2022

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. markets more dependent on the multi-billion-dollar tech industry. Yes, the great housing market reset is in full swing.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. You need to know the market. Worth reading. A good summary. Many people don’t like them.

Appraisal 79

Appraisal Contracts Training Architecture 79

Appraisal Today

JANUARY 4, 2023

Appraisers Share Their Top Professional Goals for 2023. I have recently been writing about many of these topics since the market changed. My business has been much more stable as I can shift between them when the appraisal markets change, especially fees. What are you planning to do in 2023? 1-6-23 NEWSLETTER.

Appraisal 52

Appraisal Contracts Business Development 52

Will Springer Realtor

MARCH 12, 2024

This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. This return of buyers follows a sluggish late 2023. The overall county-wide market had only 1.5 February’s price was 7.6% higher YoY. since January and 8.4%

Buyers 57

Buyers Construction Sellers Inventory 57

Will Springer Realtor

OCTOBER 3, 2023

The state must add 55,000 homes – or 17,000 in King County alone – per year over the next two decades to meet growing demand, according to Department of Commerce projections published in early 2023. In addition, CHOICERenovation Mortgages is an option for existing homeowners to pay off the addition or renovation of an ADU.

Law 66

Law Design Construction Government 66

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. I’m always looking for something new ;> If you are a paid subscriber and did not get the May 2023 issue emailed on Monday May 1, please email info@appraisaltoday.com , and we will send it to you!! Or hit the reply button.

Easement 52

Easement Contracts Appraisal Inspection 52

Will Springer Realtor

MARCH 14, 2022

This is in no way an effort to downplay the unfolding tragedy or appear tone deaf, but it is a fair question: Will residents in our region face economic challenges so severe that it will affect the real estate market? To purchase a home, many buyers withdraw funds from stock and cryptocurrency markets as well as retirement accounts.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

AUGUST 11, 2023

“The share of first-time buyers has dropped to a 41-year low [26%], the racial divide in homeownership has grown to the widest point in a decade and the share of single women entering [the market] has declined.” The national trend for new construction, however, is generally moving in the opposite direction. counties are in our region.

Buyers 36

Buyers Development Construction New Listings 36

Housing Wire

MAY 16, 2022

Another provision, originally floated in Biden’s 2023 budget , would give HUD $25 billion to distribute to state and local housing finance agencies, their partners, tribes and territories, for developing housing of “modest density,” or less than 100 units.

Supply Chain 382

Supply Chain Finance Development Renovations 382

Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year.

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

AUGUST 9, 2021

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

Construction 36

Construction Inventory Property Taxes Development 36