Housing Wire

JULY 21, 2021

Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My of those resales went to owner-occupant buyers. Low-Income-Tract Outcomes.

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Housing Wire

JULY 14, 2022

It is counter to a popular and politically potent narrative grounded in the aftermath of the Great Recession, when large institutional investors scooped up thousands of properties at foreclosure auction. The role of renovators. Net owner-occupancy rates. A deeper dive into the data helps to explain this surprising result.

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Housing Wire

MAY 21, 2024

“It’s oddly enough in states where people are leaving,” said Florida-based real estate investor Paul Lizell of the markets where he is more focused on acquiring investment properties in 2024. Most properties that sell at foreclosure and REO auctions are in need of major renovations, far from being in fully repaired condition.

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Marketing Investors Real Estate Investing 416

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

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Renovations Buyers Development Insurance 336

Housing Wire

MAY 23, 2024

But they face competition from large institutional investors in the housing market. There’s been a fair amount of supply that’s been removed from inventory when we think about the large institutional investors who are buying and selling single-family homes. We don’t see the supply.“

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Housing Wire

JUNE 1, 2021

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. In order for investors to qualify for the credit, buyers must make no more than 140% of area median income.

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Appraisal Buzz

APRIL 30, 2024

With the downturn in home sales, the challenges are multifaceted: Homeowners are holding onto low-interest rate mortgages instead of moving up, investors edging out traditional buyers with cash offers and first-time homebuyers facing steep affordability hurdles and bidding wars.

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Marketing Real Estate Agent Renovations Buyers 195

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. There are still plenty of buyers interested in this area. Please think of me as your go-to resource for all things real estate.

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Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

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Finance Marketing Renovations Investors 352

Housing Wire

OCTOBER 17, 2023

That makes those homeowners susceptible to predatory behavior by some buyers operating in the pre-foreclosure marketplace, behavior that has been chronicled in several prominent, recent news stories. But she noted that not all investors operate this way.

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Buyers Retail Market Value Real Estate Agent 380

Housing Wire

OCTOBER 17, 2023

Still, even in this difficult-to-agonizing supply-challenged housing market, SFR and fix-and-flip investors, which both target existing-home inventory, are still finding ways to make a profit — at a thin margin in most cases, but a profit, nonetheless. That’s particularly true for mom-and-pop investors across both market segments.

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Investors Inventory Investing Real Estate 351

Housing Wire

MAY 20, 2022

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. Investment homes often take longer to sell because your audience is other investors. If your house is priced too high, it will turn buyers off, but if it’s too low, people may wonder what’s wrong with it. Consider a Short Sale.

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Real Estate Agent Tenants Real Estate Agents 378

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. 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.,”

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Marketing Inventory Renovations Investors 400

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. In that case, potential buyers will lay down an ‘as-is’ offer, which means they will acquire the home in its current condition. Buyers may walk away from the purchase.

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Renovations Buyers Appraisal Investing 221

Housing Wire

JUNE 8, 2021

With tightened housing stock supply, the competition for home buyers is fierce this year. The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical.

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Inventory Renovations Lending Construction 327

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. NAR is advocating for temporarily lower capital gains taxes for mom-and-pop real estate investors [i.e.,

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Inventory Renovations Real Estate Government 451

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. By providing jumbo loans, lenders like Acra are able to make those higher-priced homes available as an option for home buyers. Acra Lending is doing what it can to help free up inventory. Fix’n’flip.

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Housing Market Marketing Inventory Lending 424

Housing Wire

SEPTEMBER 24, 2021

As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase. They come with lots of hassle and overhead costs, and the process just isn’t efficient — for the buyer or for the lender.

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Housing Wire

FEBRUARY 29, 2024

billion in funding to build or renovate rental homes since 2021, assisting 45,000 households in that time, according to the White House. HUD has allocated $4.35 The total funding opportunity for the PRICE grants is $225 million, according to the White House.

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Design Finance Insurance Tenants 413

Housing Wire

JANUARY 20, 2023

The average income of a manufactured housing homebuyer is around $50,000, while the average income of a buyer of a site-built home is over $100,000. Many are in need of significant repairs but are owned by mom-and-pop operators without the capital necessary to carry out critically needed renovations. This program has been successful.

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Renovations Land Lease Investing Development 354

Housing Wire

SEPTEMBER 23, 2022

Contrary to their portrayal as indiscriminate buyers of properties far and wide, providers of single-family rental homes are working diligently to respond to the demand for quality, affordably priced rental housing in safe, well-located neighborhoods.

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Inventory Housing Market Investors Investing 328

Housing Wire

OCTOBER 24, 2022

If anyone knows of anywhere that could be a good fit with my 20+years in maintenance/renovation leadership in multi-family, single family, or senior living, please pass my name along. Beasley told Real Deal in April that the business model creates more liquidity and transparency, reducing costs and benefiting investors.

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Listing Spark

AUGUST 17, 2023

FHA loans are becoming an increasingly popular option for buyers all across the home market. However, property investors and house flippers can run up against the requirements for FHA loans in ways that present unexpected obstacles. Buyers who are pre-approved for an FHA loan must comply with the FHA 90-day flipping rule.

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Investors Investing Buyers Real Estate 36

Housing Wire

JUNE 13, 2023

The first quarter of 2023 proved a tough market for everyone in the housing industry, including institutional buyers of single-family rental (SFR) properties, but there are signs the second quarter of this year has been far more buoyant for these so-called “Wall Street” players. One clue to that resurgence is a $1.5

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Marketing Investors Inventory Real Estate 313

PennyMac

JULY 21, 2021

Kitchen and bathroom updates are some of the first ideas that usually come to mind, but you can get great returns from making outdoor renovations and improvements. We talked to real estate and renovation experts to gather their tips and insights on renovation projects for your home’s exterior living space.

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Renovations Real Estate Investing Design 36

Housing Wire

OCTOBER 10, 2023

Like you, as a real estate agent, I have prepared many reports analyzing pricing trends to help provide guidance to buyers, sellers and investors alike. For buyers , it can help them determine if the property they’re interested in is priced correctly and if it is a sound purchase. They are more appropriate for an appraisal.

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Marketing Real Estate Agent Clients Tools 382

Listing Spark

NOVEMBER 6, 2023

Real estate markets across the country are normalizing, but the industry is still incredibly profitable for new and experienced property investors. However, finding specific properties is still a challenge for investors, even in these lucrative markets. The first barrier many investors encounter is finding properties.

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Investors Investing Real Estate Agent Real Estate 36

Housing Wire

JULY 17, 2023

This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before. These immersive experiences enable prospective buyers to explore properties in three dimensions from the comfort of their homes.

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Real Estate Technology Business Real Estate Agent 262

Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. The company also received a $200 million commitment from private equity investors BlackRock and Zimmer Partners. from the prior quarter.

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Renovations Marketing Buyers Inventory 352

Listing Spark

FEBRUARY 12, 2024

Strategic property investors look at both the liabilities and assets columns when they’re assessing their business processes. However, many real estate investors focus on the property price above all else, including the initial purchase price, cost of repairs, and final sales price.

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Brokerage Investors Investing Real Estate 36

Housing Wire

JULY 8, 2022

To fund their acquisitions, companies raise billions of dollars in capital from hedge funds, pension funds, ultra-high net worth individuals, and other institutional investors, who such companies consider to be their customers,” the House subcommittee’s report on its survey findings state. of homes in the Phoenix-Glendale-Scottsdale area.”.

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Tenants Investors Investing Government 395

Berkshire Hathaway

AUGUST 30, 2022

Are you looking for a move-in ready rental property or are you willing to consider a home that requires renovations? Besides the purchasing price, your budget should also include other costs such as renovations, structural and environmental assessments, downtime during transitions, legal fees, realty commissions, taxes, and contingencies.

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Buyers Legal Fees Real Estate Renovations 49

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. Economists and investors are waiting for any indication that the Federal Reserve may begin tapering its asset purchases. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

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Mortgage Valuation Housing Market Renovations 523

Mashvisor

MAY 16, 2022

Find real estate agents near me when you need help identifying and evaluating renovation expenditures for a potential investment property. Table of Contents What Is a Real Estate Agent? Pros…

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Real Estate Agent Real Estate Agents Investors 68

Appraisal Buzz

SEPTEMBER 26, 2022

Pent-up housing demand, low-interest rates and new buyers have also added to the crisis. Fewer occupants can pay with cash — and credit is tight for first-time buyers. However, apartments provide stepping stones for many first-time buyers. Increase Buyer’s Confidence. Increase Buyer’s Confidence.

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Construction Supply Chain Buyers Retail 195

Housing Wire

APRIL 9, 2021

Using another new tool, called “Raveis Refresh,” WRRE prepares the home for sale by making any necessary upgrades and renovations to maximize the home’s value and ensure that it sells above market average and quickly. Its agents are tasked with marketing and selling the home, using their local expertise, Raveis said. .

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Brokerage Real Estate Clients Insurance 401

Lamacchia Realty

AUGUST 12, 2021

Fixer-uppers tend to be popular among real estate investors as well as first-time homebuyers as they present an opportunity to buy below market value. By making updates, the buyer is able to meet or exceed current market standards and build equity in their property faster. How Much Time Do They Take to Renovate? Traveling a lot?

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Renovations Finance Inspection Buyers 69