Housing Wire

FEBRUARY 26, 2024

As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount. The HOA either sells the building to a developer who will renovate it or, in most cases, to a redeveloper who will tear it down and replace it with another economically viable project.

HOA 470

HOA Law Insurance New Listings 470

Housing Wire

MARCH 14, 2024

We are excited to expand our impact and better serve our target market borrowers.” Change is a community development financial institution (CDFI) that is certified by the U.S. Treasury Department , given to specialized organizations that provide financial services to low-income communities and others who lack financing options.

Lending 371

Lending Renovations Legal Real Estate 371

Housing Wire

MARCH 7, 2024

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. What sets us apart is not just these products, but how we come together, across different channels, to continuously innovate and refine them.

Retail 382

Retail Lending Renovations Construction 382

Appraisal Buzz

MAY 10, 2024

By “equity-rich” ATTOM means that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. Still, the windfalls are starting to erode bit by bit amid mounting signs that the market is no longer so super-heated.” of all residential mortgages.

Market Value 195

Market Value Renovations Finance Development 195

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. residential mortgage market and housing-related assets. Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

Lending 352

Lending Renovations Construction Finance 352

Housing Wire

NOVEMBER 4, 2021

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. “From 2022 through 2024, this total represents a need for an additional 2.2 million new hires for construction.

Construction 521

Construction Renovations Training Development 521

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Some smart lenders, especially among credit unions, have developed some great products for ADU financing.

Finance 459

Finance Construction Tenants Renovations 459

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Price Correction Risk by Region.

Buyers 416

Buyers Housing Market Marketing Investors 416

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Investing 426

Investing Renovations Development Construction 426

Boston Appraisal

FEBRUARY 11, 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. Renovation costs are typically lower as they involve working with existing structures and materials.

Appraisal 147

Appraisal Renovations Architecture Appraisal Process 147

Housing Wire

JUNE 8, 2021

Low rates and increased demand mean prices are soaring on what stock is available – and what’s available isn’t staying on the market for long. 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.”.

Inventory 329

Inventory Renovations Lending Construction 329

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on. NO BLANK FIELDS. ACCURATE DATA.

Agents 374

Agents Appraisal Renovations Development 374

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. So, finding those opportunities, rehabbing and returning them to the market solves part of the [inventory] problem,” Carlton said.

Inventory 452

Inventory Renovations Real Estate Government 452

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” Amid a higher rate environment when refinances are scarce, Martell said that loanDepot sees opportunities in other products, such as renovation loans and home equity lines of credit (HELOCs).

Mortgage 295

Mortgage Real Estate Agent Real Estate Renovations 295

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. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows.

Housing Market 367

Housing Market Marketing Contracts Lending 367

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. While FHA does finance some chattel loans, it is an extremely small share of the market.

Renovations 343

Renovations Finance Insurance Transportation 343

Housing Wire

JANUARY 20, 2021

Though the pandemic is causing pain throughout the housing sector, it also creates an opportunity to enact common-sense industry reforms that address the root causes of the affordable housing crisis that has beset the market for over a decade — even amid a period of strong economic expansion. consumer spending. It’s time for the U.S.

Renovations 414

Renovations Law Development Real Estate 414

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. But that doesn’t seem to be stopping clients. What You Can Do.

Renovations 51

Renovations Buyers Home Improvement Realty 51

Appraisal Buzz

MAY 13, 2022

Most foreclosure buyers are local community developers renovating and reselling to owner-occupants. Daren Blomquist of Auction.com takes a look at this market segment and others taking part in home auctions nationwide. The post Who Is Bidding at Foreclosure Auctions? appeared first on DSNews.

Renovations 150

Renovations Development Buyers Appraisal 150

Housing Wire

OCTOBER 15, 2020

“We still have vacancy and blight issues but they are not crippling as they were a decade ago,” said Ian Beniston, executive director at the Youngstown Neighborhood Development Corporation (YNDC), a nonprofit community development corporation in Youngstown, Ohio. When we began a decade ago there was much more blight.

Buyers 330

Buyers Development Renovations Retail 330

Housing Wire

NOVEMBER 10, 2020

Several state-level real estate initiatives and urban development policies were voted on in the Nov. The “yes” vote also means that inherited homes not used as principal residences may be reassessed at market value when transferred. People 55 years or older with disabilities can also transfer their tax assessments.

Real Estate 429

Real Estate Property Taxes Development Renovations 429

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. Developing a relationship with a potential private money lender is a two-way street.

Real Estate 381

Real Estate Investing Investors Renovations 381

Housing Wire

JULY 17, 2023

Take your customers on virtual tours Virtual property tours are essential in real estate marketing, and these tours leverage VR technology’s power. Moreover, properties featuring 3D tours spend less time on the market — typically around one-third less time — and agents can secure higher selling prices.

Real Estate 286

Real Estate Technology Business Real Estate Agent 286

Housing Wire

JUNE 30, 2021

In today’s hot housing market where homes are selling quickly, brokers are busier than ever. The first resource is its newly renovated Broker Portal that brings the power of its proprietary H2O origination system together with an elegant interface to highlight next steps, critical tasks and key contacts. Caliber Home Loans, Inc.,

Lending 381

Lending Renovations Design Tools 381

Housing Wire

APRIL 14, 2023

The answer is a combination of real estate developers, brokers, investors, agents and property owners — the overwhelming majority of whom are white. Neighborhoods are subject to the choices of developers, municipal governments and other outside groups. Who decides what our neighborhoods look like? And who profits from these projects?

Real Estate 352

Real Estate Law Development Business 352

Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Combined with thousands of other local community developers like her, McCormick’s efforts are moving the needle when it comes to quality, affordable housing for owner-occupants nationwide.

Renovations 361

Renovations Buyers Development Design 361

Housing Wire

FEBRUARY 18, 2022

The mortgage industry has begun advancing initiatives to allow technology and big data to take the next steps in the development of things like more accurate AVMs. Appraisals outline the housing trends for particular markets. AVMs do not account for upgrades or renovations. AVMs don’t account for housing trends.

Appraisal Process 371

Appraisal Process Appraisal Valuation Renovations 371

Housing Wire

FEBRUARY 1, 2024

The Brookings Institution summed it up well: “Today, downtown Detroit is nearly unrecognizable from previous decades, with new features such as the QLine streetcar system, a renovated Detroit Tigers ballpark, a riverwalk, and Campus Martius Park. Limited services means limited options, access and opportunities.

Real Estate 389

Real Estate Appraisal Insurance Training 389

Housing Wire

AUGUST 1, 2022

“In the current market, short-term interest rates have risen sharply – making it much harder to pay off credit card debt,” said Bob Walters, CEO at Rocket Mortgage. Homeowners can later draw from the line of credit for two-to-five years, depending on the term selected at then-current market rates. ” U.S.

Renovations 380

Renovations Lending Mortgage Investing 380

Housing Wire

MAY 3, 2022

She added that funds from the new HELOC product can be used by customers for a variety of purposes, such as consolidating their debt to achieve lower monthly payments, including credit card debt; or to renovate their homes to improve their quality of life. The new unit focuses on developing mortgage-adjacent lending products and services.

Renovations 391

Renovations Loan Officers Technology Mortgage 391

Birmingham Appraisal

MAY 21, 2024

I have found that the school system is the biggest driver of property values in the Birmingham, Alabama market. Additionally, it’s wise to look into future development plans in the area as they could either boost or detract from your home’s value in the long run.

Home Value 70

Home Value Architecture Renovations Real Estate 70

Housing Wire

MARCH 18, 2022

My market share in this area continues to grow steadily even though on a national level it is stagnant or even declining.”. Over the years I ended up teaching classes on renovation loans, mortgage insurance, mortgage mechanics, etc.,” I subsequently have developed two more CE classes that only deal with HECM loans.

Real Estate 475

Real Estate Real Estate Agent Mortgage Agents 475

Housing Wire

APRIL 22, 2021

Robbin Sutton with DASH Realty Carolina has been a broker for 20 years, and she’s never seen anything like the current housing market in the Raleigh-Durham metro. ” Hennessey said his company pivoted to doing mostly renovations in the past few months, declining new builds in order to save money.

Buyers 420

Buyers Inventory Renovations Realty 420

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. You’ll want to include the list price, sale price, and days on market. Many of us are in sellers’ markets with very low inventory.

Real Estate 364

Real Estate Open Houses Brokerage Real Estate Agent 364

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. Jane Doe specializes in luxury markets.” After all, prospective clients are trusting you with one of their biggest financial decisions.

Real Estate Agent 389

Real Estate Agent Real Estate Agents Clients 389

Cleveland Appraisal Blog

JUNE 17, 2022

When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. What’s the difference between a newly constructed home and a hundred-year-old home?

Appraisal 279

Appraisal Development Market Value Tenants 279

Cleveland Appraisal Blog

JUNE 18, 2022

But once these qualities are developed, many appraisers find eminent domain work to be interesting, challenging but worthwhile, and financially rewarding. Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding.

Appraisal 309

Appraisal Law Development Valuation 309