article thumbnail

Renovation loans get pandemic boost as homeowners want home offices

Housing Wire

There’s a mainstay in mortgage finance poised to help in working from home. The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. It allows for actual home improvements to complement contemporary lifestyles.

article thumbnail

Home Improvement Ideas Before Selling in a Competitive Market

Will Springer Realtor

They are also passing on homes that might need a refresh, with 71% of buyers too afraid to purchase one that needs upgrades. In a housing market that is tipping toward the buyers’ favor, owners should put their best foot forward and showcase the home in its best light when putting it up for sale.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

With low inventory, house hunters are in full safari mode

Housing Wire

This, in part, is causing the tight inventory we’re seeing in the housing market today, as two out of every three houses have mortgages with interest rates below 4% and aren’t motivated to sell their house unless a significant circumstance warrants it.” through the first quarter of 2024.”

Inventory 445
article thumbnail

What to Expect Undertaking These 4 Common Home Projects

Cleveland Appraisal Blog

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. Familiarizing yourself with these renovations will give you a great start in mapping out your home improvement strategy.

article thumbnail

With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

David Peskin: As we all know, the housing market is booming right now. We have developed a targeted platform designed to make it seamless for forward mortgage originators to easily enter the reverse mortgage space in a confident and compliant manner. DP: At RMF , our relationship with our partners is one of our top priorities.

Mortgage 347
article thumbnail

WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

The home remodeling industry is a $368B business, according to Harvard researchers , and is expected to reach $432B by the end of this year. Soaring costs of labor and construction materials is certainly contributing to the rising figure but there is evidence of a sharp increase in home improvements since the start of the pandemic.

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

Appraisal 105