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. That’s a staggering number.”.

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Construction Renovations Training Development 529

Appraisal Buzz

MAY 10, 2024

“Homeowner balance sheets continue to benefit in a huge way from the boom times in the form of elevated equity that can be used to help finance all kinds of things, from home renovations to business startups,” says Rob Barber, CEO for ATTOM, in the report.

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Market Value Renovations Finance Development 195

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. 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.

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Renovations Development Investors Legal 516

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. We have been working with AFR on the transition plans over the last several months and are excited about the opportunity to build on a great foundation,” Craig Cohen, managing member of Proprietary Capital, said in a statement.

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Lending Renovations Construction Finance 379

Housing Wire

JANUARY 4, 2024

Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. Over the past couple of years, the U.S. Reverse mortgage companies have also invested in their own home modification programs.

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Renovations Investing Finance Design 357

Housing Wire

APRIL 18, 2023

Pampulov will be responsible for the development of PunchListUSA’s proprietary products, data infrastructure, home lifecycle services, and predictive pricing models, according to the firm. “I Pampulov comes to PunchList USA with two decades of experience in real estate data strategy and product development.

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Inspection Real Estate Real Estate Agent Renovations 340

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.

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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.

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Finance Construction Tenants Renovations 478

Housing Wire

MAY 5, 2022

million to build and renovate 130 affordable homes in Nashville, Tennessee, bringing the total investment in the city to about $100 million. million low-rate loan to Cherry Oak Apartments, a mixed-income 96-unit residential apartment with 53 affordable units, in partnership with the Metropolitan Development Housing Agency , Amazon said.

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Renovations Tenants Investing Development 370

Housing Wire

SEPTEMBER 13, 2023

These include Habitat for Humanity Seattle-King & Kittitas Counties serving the Puget Sound region; the African Community Housing & Development (ACHD) and Homestead Community Land Trust both serving King County, Wash., the Douglass Community Land Trust in Washington, D.C. and The Housing Fund serving Nashville.

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Renovations Investing Retail Design 388

Housing Wire

JUNE 8, 2021

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. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

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Inventory Renovations Lending Construction 357

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. The cost for lumber is 3x higher than it was last March.

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Renovations Buyers Home Improvement Realty 54

Boston Appraisal

FEBRUARY 11, 2024

Sales of Historical Properties and Value Development In developing a property’s value, appraisers consider various factors, such as condition, historical significance, renovations, and the extent of preservation of original characteristics. Each property’s unique attributes significantly influence its appraisal.

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Appraisal Renovations Architecture Appraisal Process 147

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. The more information the MLS listing offers on a home, the more useful the data is at helping appraisers to develop a supportable opinion of the value of a home being appraised.

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Agents Appraisal Renovations Development 380

Housing Wire

FEBRUARY 21, 2024

Department of Housing and Urban Development (HUD) on Wednesday issued a mortgagee letter that implements the Federal Housing Administration ’s (FHA) payment supplement partial claim.

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Renovations Mortgage Design Development 420

Lamacchia Realty

SEPTEMBER 21, 2021

The Lamacchia Development and Property Management team is pleased to promote Angela Ravesi to Manager of LD and LPM! Angela Ravesi became a REALTOR® at Lamacchia in April 2018 and in May 2019, she transitioned to the role of executive assistant to Mike McGrory, VP of Property Acquisitions and Development. Angela Ravesi.

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Property Management Development Landlords Renovations 64

Housing Wire

APRIL 23, 2024

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). AI will help areas like the call center, product development and underwriting so lenders can make “better decisions quicker,” he said.

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Mortgage Real Estate Agent Real Estate Renovations 327

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. A senior HUD official said that updating its 203K program to make it more usable is a “high priority.”

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Renovations Finance Insurance Transportation 347

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. appeared first on Appraisal Buzz.

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Renovations Development Buyers Appraisal 150

Housing Wire

JANUARY 20, 2021

Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions. Across the country, local zoning ordinances have consistently been designed to inhibit the development of medium and high density-housing. Finally, we need to renovate our existing housing stock.

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Renovations Law Development Real Estate 447

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). Meetings will be conducted regularly via conference call.

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Lending Renovations Real Estate Finance 291

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.

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Buyers Development Renovations Retail 359

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. Where might added inventory come from, if the bulk of existing homeowners continue to remain on the sidelines?

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Inventory Renovations Real Estate Government 485

Housing Wire

NOVEMBER 10, 2020

Several state-level real estate initiatives and urban development policies were voted on in the Nov. The passing of Referendum A exempts Habitat for Humanity and similar charities in Georgia from paying taxes on parcels under development if the purchasers receive interest-free loans. Louisiana : Amendment 6 passes.

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Real Estate Property Taxes Development Renovations 461

Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. Developing a relationship with a potential private money lender is a two-way street. Make a list of potential lenders.

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Real Estate Investing Investors Renovations 397

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.

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Renovations Buyers Development Design 355

Housing Wire

JANUARY 12, 2024

“The foundation would get what was described, in a January 2023 fundraising package, as a ‘prestigious headquarters … [and] site for small scale, but elegant events’ with its ‘voluminous library on American legal and constitutional development’ as a resource for nearby Roger Williams University ‘s law school.”

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Tools Mortgage Finance Lending 407

Housing Wire

OCTOBER 4, 2022

Department of Housing and Urban Development (HUD) said Tuesday during the 2022 HousingWire Annual event held in Scottsdale, Arizona. According to Joseph, homes needing renovation can be “daunting,” especially for first-time homebuyers looking for something that is turnkey.

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Renovations Development Mortgage 418

Housing Wire

JULY 23, 2021

Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it. Through these loans, developers and investors are able to bring new stock to the market that may have been previously overlooked or passed up.

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Housing Market Marketing Inventory Lending 459

Mortgagebroker News

OCTOBER 17, 2022

The refurbished development offers low-cost housing for young adults at risk

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Renovations Development 54

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?

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Real Estate Law Development Business 357

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. AVMs do not account for upgrades or renovations. Sometimes properties have increased in value due to recent upgrades or renovations.

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Appraisal Process Appraisal Valuation Renovations 381

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.

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Real Estate Appraisal Insurance Training 415

Inman

MAY 31, 2023

The leading team at Douglas Elliman has launched sales at the recently renovated Renaissance-Revival building, which includes 10 one- to three-bedroom units, Inman has exclusively learned. One of the penthouses is already under contract.

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Renovations Contracts Development 128

Housing Wire

AUGUST 1, 2022

The lender’s HELOC product is the first offering of its mello business unit, which was created in March that focuses on developing mortgage-adjacent lending products and services. . Depository banks have dominated home equity lending for years, but nonbank lenders seeking volume are increasingly targeting the space.

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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.

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Renovations Loan Officers Technology Mortgage 418

Housing Wire

JUNE 30, 2021

“‘High tech – High touch’ is our mantra as we develop industry-leading tools and resources with a never-ending commitment to the relationships with our brokers and team members,” CEO Sanjiv Das said. Caliber offers a “triple play” of resources to help elevate a broker’s business.

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Lending Renovations Design Tools 397