Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. We have not been exempted from these market and capacity issues and we now have an operational backlog for renovations and closings. construction workers.

Renovations 384

Renovations Real Estate Construction Contracts 384

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 473

Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

DECEMBER 2, 2020

For-sale inventory is at record lows. Construction is starting to pick up, so that should help alleviate things in the housing market. Four renovations to consider before selling your house. Worries about finding a replacement home in a hot housing market. According to the latest Census data, there’s just a 3.6-month

Housing Market 466

Housing Market Sellers Marketing Renovations 466

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 360

Construction Renovations Government Inventory 360

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

Renovations 406

Renovations Realtors Construction Mortgage 406

Housing Wire

APRIL 27, 2021

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. The record sales numbers of last fall have now been eclipsed by a story of free falling inventory.

Real Estate 369

Real Estate Renovations Inventory Retail 369

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns.

Inventory 68

Inventory Construction Real Estate Renovations 68

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. Cost of Materials. What You Can Do.

Renovations 52

Renovations Buyers Home Improvement Realty 52

Housing Wire

NOVEMBER 30, 2021

As we look forward to 2022, the non-QM market is predicted to grow substantially. There are a few market factors contributing to this expected growth for the non-QM sector. The housing supply constraints on the market also open up a few opportunities for non-QM growth. Refinance decline. How Acra Lending can help.

Supply Chain 364

Supply Chain Lending Investors Renovations 364

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 384

Mortgage Loan Officers Inventory Retail 384

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. Atlanta Housing Inventory Everything must be kept in context.

Inventory 52

Inventory Renovations Housing Market Buyers 52

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 534

Construction Renovations Insurance Landlords 534

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%. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

Business 402

Business Loan Officers Clients Inventory 402

Housing Wire

JANUARY 19, 2024

Despite a documented preference that older Americans have to age in place, the current housing inventory is inadequate to support the needs of an aging population. Renovations may provide some solutions, but it is also a solution with limits according to Rodney Harrell, VP for family, home and community at AARP. “We

Inventory 443

Inventory Renovations Construction Marketing 443

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 404

Inventory Renovations Supply Chain Buyers 404

Cleveland Appraisal Blog

JULY 5, 2021

Our summer has a bit of a different feel than it did a couple of weeks ago, and Murphy’s Law is in full effect as we are also in the middle of a first-floor renovation, including a kitchen remodel, which my wife has reminded me for years that we were overdue for. She’s a tough cookie, but this situation has been tough on her.

Real Estate 221

Real Estate Appraisal Renovations Law 221

Cleveland Appraisal Blog

APRIL 29, 2021

However, that also depends on a lot of other factors: location, other homes on the market, and the way you maintain it. Again, there is not much you can do about construction materials. Any repairs that can be made without requiring an extensive renovation should be made, it’s a great move to ensure a higher value. Bottom line.

Appraisal 252

Appraisal Investing Buyers Renovations 252

Appraisal Buzz

APRIL 11, 2022

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Millennials Still Prefer Renovating. Inventory Shortage Won’t Be Solved. More Second Home Purchases.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Eppraisal

FEBRUARY 22, 2022

Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. This is especially true when housing inventories are low -- a perfect illustration of money supply outpacing economic growth. It follows that the realtor commission will also be more substantial.

Housing Market 36

Housing Market Marketing Property Taxes Home Value 36

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. It’s going to be a few more quarters before that happens.”

Investors 456

Investors Marketing Inventory Real Estate 456

Padove Appraisal Service

JANUARY 14, 2018

The first step in evaluating the physical condition of a property is to take inventory of all its updates. A house that was built 80 years ago, with many significant improvements completed over the past 20 years (such as kitchen and bathroom renovations, roof and window replacement, heating and air conditioning replacement, etc.)

Home Improvement 78

Home Improvement Appraisal Construction Renovations 78

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 80

Appraisal Contracts Business Construction 80

Housing Wire

JUNE 16, 2021

The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. According to the lobbying group, construction of long-term housing fell 5.5 In fact, coming off the Great Recession, new home construction in the U.S.

Housing Market 537

Housing Market Marketing Construction Development 537

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. This fish phenomenon reminds me of the housing market today. There is a lot of demand out there, with very little inventory. It is free to visit.

Housing Market 368

Housing Market Marketing Reconsideration of Value Contracts 368

Cleveland Appraisal Blog

MARCH 4, 2021

Subsequently, a new home typically has a higher market value than one that has already been lived in. For instance, a thirty-year old home may have an effective age that is the same as a fifty-year old home, if the fifty-year old home has been renovated to a degree that is comparable to the younger home. There’s value in that.

Appraisal 225

Appraisal Real Estate Real Estate Agent Loan Conditions 225

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. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market. Need To Sell?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Patch of Land

OCTOBER 26, 2018

It speaks to the increased rate of financed home flips in Q1 of this year and the rise of lenders expanding the fix-and-flip market. Housing analysts have recently expressed caution about the residential real estate investment market due to rising home prices and competition. Flips purchased with financing rise to 9.5-year

Finance 31

Finance Investors Real Estate Construction 31

Housing Wire

MAY 12, 2021

And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Harder than it has to be.

Construction 458

Construction Logistics Technology Real Estate 458

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 393

Investors Inventory Investing Real Estate 393

Housing Wire

JULY 21, 2021

“The first house I rehabbed last year, it was a house that had fire damage in the kitchen, and it was just kind of an eyesore on a nice quiet street,” said McCormick, who said she purchased the home for $25,000 and then put $65,000 into renovations before selling to an owner-occupant buyer for $134,000. “It of the 2021 estimated market value.

Real Estate 466

Real Estate Investors Market Value Home Value 466

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

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? Census Bureau) These are all significant green flags for the real estate market in Raleigh. Redfin) Condos and co-ops are spending more days on the market in Raleigh.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Chicagoland Appraisal Blog

APRIL 3, 2020

Chicago’s housing options include a wide diversity of architecture, styles, and sizes, including vintage condos, brand-new construction, and 7,000-square-foot homes. Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says.

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Real Estate Agent Architecture Modernization Buyers 78

Houston Properties

JULY 18, 2022

Not only was she knowledgeable about the current market trends, but as the process unfolded, she always provided us with valuable and timely advice, regularly updating us with progress and information. She knows so much about the housing market so we felt very confident that we were in great hands!” – Dr. Jen Shroff.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

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. About two-thirds of all King County listings sold last month at the list price or above, signaling a competitive environment and extending this long-running sellers’ market.

Buyers 57

Buyers Construction Sellers Inventory 57

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 83

Appraisal Contracts Training Architecture 83

Appraisal Today

JULY 29, 2022

NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. We’ve seen a massive change in housing inventory. Let’s talk about supply and some things on my mind about today’s market.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52