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Regions Bank places $1B bet on home renovation market

Housing Wire

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. billion in home improvement projects.

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Older Americans are ‘splurging’ on home modifications to support aging in place

Housing Wire

“The demand for inconspicuous safety bars, lower sinks, residential elevators and other amenities has given home improvement chains, contractors, designers and architects a noticeable lift.” The Home Depot is refreshing an in-house brand with accessibility in mind for things like grab bars and easier-to-use faucets.

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The housing boom juices Home Depot’s bottom line

Housing Wire

Millions of Americans transitioned to remote work in 2020, reconfiguring homes to be makeshift classrooms and offices. One of the big beneficiaries of the new live/work/play setup has been home goods retailer Home Depot. So what were all these homeowners working on? respectively.

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Finance of America to acquire Parkside’s wholesale biz

Housing Wire

Parkside, founded in 2004 in San Francisco and led by CEO Matt Ostrander, also operates correspondent and retail channels. The acquisition of Parkside’s wholesale business comes roughly one month after Finance of America’s acquisition of Renovate America’s Benji business , an expansion into the home improvement lending space.

Finance 365
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Finance of America to go public before IPO window closes

Housing Wire

The lender, which is controlled by the Blackstone Group and operates through retail, wholesale and correspondent channels, will begin trading Monday following the completion of its merger with blank-check company Replay Acquisition Corp.

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Owners Keep Remodeling – but Smaller Projects

Empire Appraisal Group

NEW YORK – Home Depot sales continue to slide as Americans wrestle with persistent inflation and the company narrowed its outlook for the year. But the nation’s biggest home improvement retailer still topped expectations for the quarter. In the U.S., they declined 3.5%.

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Tools To Support Appraisal Adjustments

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M It’s important to understand the difference between updates and renovations.

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