Housing Wire

OCTOBER 28, 2021

“It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year.”. Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year.

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,” Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory.

Marketing 417

Marketing Inventory Renovations Investors 417

Housing Wire

MAY 21, 2024

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. It’s very, very market dependent right now. If I get something it will be a bidding war (when I sell).”

Marketing 446

Marketing Investors Real Estate Investing 446

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. housing market.” People are calling it the Great Renovation.

Finance 364

Finance Marketing Renovations Investors 364

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 367

Real Estate Renovations Inventory Retail 367

Housing Wire

NOVEMBER 4, 2021

Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

Construction 526

Construction Renovations Training Development 526

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? Why It’s Hard to Meet Housing Inventory Needs Right Now.

Inventory 68

Inventory Construction Real Estate Renovations 68

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. I’ve had a few couples from New York — Manhattan and Brooklyn — that come down here armed with cash, but inventory is low and there’s nothing for them.

Buyers 432

Buyers Inventory Renovations Realty 432

Housing Wire

SEPTEMBER 24, 2021

To make matters worse, some of that inventory is extremely dated. The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for. For these reasons, the fix-and-flip sector is poised for growth. The only problem?

Lending 398

Lending Renovations Finance Investors 398

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. Despite the Fed’s continued accommodative stance, the housing market is showing signs of cooling. But the low rates made little difference in the purchase market, as home prices continue to rise. “A

Mortgage 527

Mortgage Valuation Housing Market Renovations 527

Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market. Instead, they’ll be seeking to renovate their homes.”. I think the stock market will recover.

Renovations 402

Renovations Realtors Construction Mortgage 402

Hank Miller Team

NOVEMBER 15, 2022

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. The region has been growing consistently over the last decade and while the bump was experienced, there is solid footing which will keep this market stable.

Inventory 52

Inventory Renovations Housing Market Buyers 52

Housing Wire

AUGUST 4, 2023

The ongoing shortage of housing inventory helped spur an increase in home building and home improvement activity, Kan said. On the housing market, she said that conditions are still favorable for households, supporting housing demand. However, climbing mortgage rates remain a substantial obstacle for homebuyers.

Marketing 312

Marketing Construction Renovations Home Improvement 312

Housing Wire

JULY 7, 2023

Yet, new-home construction has been supported by the lack of existing-home inventory ,” said First American Deputy Chief Economist Odeta Kushi in a statement. “In Residential construction is defying expectations and it’s because the housing market continues to face a housing shortage.”

Construction 353

Construction Renovations Government Inventory 353

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. If the first-time homeowners are not moving because they can’t afford to, it freezes up the entire lower end of the market,” Gelbman said. million, below the 2019 range of 1.52 million to 1.93

Mortgage 384

Mortgage Loan Officers Inventory Retail 384

Housing Wire

JULY 30, 2021

In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013. Due to low inventory, sellers are able to put their homes up at a higher rate. The problem is, rushing to buy property might force you to settle for a house that won’t reward you financially. Don’t Go Too Big.

Renovations 491

Renovations Buyers Sellers Investing 491

Housing Wire

JANUARY 20, 2021

Every year since 2007, the rate of household formations outstripped the number of housing completions, despite relative strength in both the overall housing market and U.S. Finally, we need to renovate our existing housing stock. Regrettably, that gap has only widened since the global financial crisis.

Renovations 425

Renovations Law Development Real Estate 425

Cleveland Appraisal Blog

MARCH 25, 2023

Having had our kitchen gutted and remodeled a couple of years ago, I can honestly say that I had not thought about this question before our renovation. Also, if you are planning on doing a complete gut renovation of your kitchen, it is best to go for a larger dumpster, as the amount of debris generated will be significant.

Supply Chain 280

Supply Chain Renovations Appraisal Market Value 280

Housing Wire

JANUARY 6, 2023

As a mortgage banker who does business solely in New Jersey, Gallo expects to see home equity loans and mortgage loans getting love in the new year — due primarily to the lack of inventory in his market and the equity built up in owners’ homes. Connie Kim: Let’s zoom in on the New Jersey housing market.

Business 397

Business Loan Officers Clients Inventory 397

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. There aren’t enough houses to meet buyer demand.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data.

Housing Market 405

Housing Market Buyers Marketing Retail 405

Housing Wire

JUNE 25, 2021

After we buy and renovate those homes, we know we’ll be able to sell them because there are so many more buyers in the market right now than there are homes available.” North Carolina markets topped the list of hot iBuyer markets in the first quarter. ” Road to the one-click mortgage.

Renovations 385

Renovations Marketing Buyers Inventory 385

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 399

Inventory Renovations Supply Chain Buyers 399

Housing Wire

JUNE 28, 2023

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. Also, housing demand stabilized from its waterfall collapse in 2022.

Investors 371

Investors Housing Market Marketing Renovations 371

Eppraisal

FEBRUARY 22, 2022

This is especially true when housing inventories are low -- a perfect illustration of money supply outpacing economic growth. However, inflation takes a toll on the price of renovations, a variable that will very well influence the bottom line. It follows that the realtor commission will also be more substantial.

Housing Market 36

Housing Market Marketing Property Taxes Home Value 36

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. The market will see an influx of price drops and hikes due to low inventory and high demand.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

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 367

Housing Market Marketing Reconsideration of Value Contracts 367

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

Eppraisal

OCTOBER 31, 2023

These indicators paint a picture of the imbalance between supply and demand:  ●      Real estate inventory: High housing inventory means few properties are changing hands in your area and gives buyers control in the market. Pay attention to rental inventory, too.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

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 trillion gap in housing market investment from 2000 to 2020.

Housing Market 537

Housing Market Marketing Construction Development 537

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

Realtor

APRIL 14, 2021

The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge than ever. There is a shortage of houses in many markets. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Appraisal Buzz

MARCH 25, 2024

In yet another sign of down times for the home-flipping industry, profits and profit margins also sank on quick buy-renovate-and-resell projects. Lack of inventory and ever-rising home prices are the main factors impacting the home flipping business. in 2022 to 8.1% The average rate of return on a typical home flip was 27.5%.

Renovations 328

Renovations Investors Inventory Sellers 328

Housing Wire

MARCH 7, 2024

The White House announced that President Joe Biden will call on lawmakers in the House of Representatives and the Senate to address a series of housing issues in his State of the Union address, which will be delivered to a joint session of Congress and televised nationally on Thursday night.

Construction 534

Construction Renovations Insurance Landlords 534

Cleveland Appraisal Blog

JUNE 25, 2021

Even if they are completely renovated, they are still not considered to be new. During the Great Recession, home prices were falling rapidly due to an over-supply of inventory, which was out of the control of individual homeowners. Inflating Human Interactions With Housing – Housing Notes by Jonathan Miller.

Market Value 244

Market Value Appraisal Marketing Buyers 244

Housing Wire

SEPTEMBER 23, 2022

A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market. of the nation’s total housing inventory.

Inventory 349

Inventory Housing Market Investors Investing 349

Cornerstone

JUNE 8, 2021

The housing market continues chugging along. The only thing that could derail it is the nationwide shortage of houses. Homeowners aren’t sure if they’ll need to renovate to receive a competitive offer. Remember, you have significant leverage on your side if you’re planning to sell a house today.

Marketing 46

Marketing Sellers Renovations Loan Officers 46