Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. 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.,”

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Marketing Inventory Renovations Investors 397

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 357

Housing Market Renovations Marketing Retail 357

Housing Wire

JULY 23, 2021

Acra Lending is doing what it can to help free up inventory. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up. In addition to low inventory, the massive competition in the market has led to an increase in home prices. 3-month bank statement. Jumbo products.

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Housing Market Marketing Inventory Lending 424

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

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Renovations Realtors Construction Mortgage 379

Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. They are able to pay with cash, take on bigger renovations and provide current occupants with a graceful exit.

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Renovations Buyers Development Insurance 331

Housing Wire

NOVEMBER 30, 2021

“The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 Investor-related loans are also seeing an increase, Lind said. Refinance decline.

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Supply Chain Lending Investors Renovations 316

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. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.

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Real Estate Open Houses Brokerage Real Estate Agent 337

Housing Wire

MAY 20, 2022

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. Investment homes often take longer to sell because your audience is other investors. If you’re in over your head in debt and can’t find your way out, your mortgage company may approve a short sale. Hire a Real Estate Agent.

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Real Estate Agent Tenants Real Estate Agents 373

Housing Wire

JUNE 25, 2021

But iBuying companies resumed business in full in May and June of 2020 as housing demand began to rebound, thanks to record-low mortgage rates and a wave of relocations made possible by remote work. ” Road to the one-click mortgage. “Business really started ramping up in January and February,” she said.

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Renovations Marketing Buyers Inventory 346

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

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Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. The name of the game in the industry was purchase mortgages. and Scotsman Guide ‘s fourth-ranked LO in the country.

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Business Loan Officers Clients Inventory 369

Eppraisal

OCTOBER 31, 2023

Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth. Pay attention to rental inventory, too. Investors want to acquire houses pennies on the dollar , flip them, and sell them at a profit.

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Marketing Real Estate Agent Real Estate Valuation 69

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. is lacking about 320,000 listings valued at the affordable range for middle-income buyers.

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Investors Housing Market Marketing Renovations 346

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived.

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Investors Marketing Inventory Real Estate 429

Housing Wire

JULY 21, 2022

This data shows early signs of a slowdown in the retail housing market in June that was anticipated by real estate investors buying properties at foreclosure auction in March. These two key foreclosure auction metrics show a clear shift in March toward more conservative bidding behavior, both in terms of max offers and buy box for investors.

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Housing Market Buyers Marketing Retail 385

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. REO properties are attractive to homebuyers or real estate investors for several reasons. Foreclosure. 10 Steps to Buying REO Properties.

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Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. That’s particularly true for mom-and-pop investors across both market segments.

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Investors Inventory Investing Real Estate 345

Housing Wire

JUNE 13, 2023

On another front, Zelman & Associates , per news reports , estimates that institutional investors as of yearend 2022 had dedicated some $110 billion to acquire or build SFR homes, a sign there is still plenty of money available for dealmaking ahead. Homebuyers have been sitting on the sidelines.” That was down from 6.6%

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Marketing Investors Inventory Real Estate 308

Houston Properties

JANUARY 13, 2021

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%.

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Housing Market Marketing Real Estate Realtors 68

McKissock

JUNE 14, 2022

Marketing time is shorter during a sellers’ market due to a limited supply of inventory. This is an indication of an increasing market because investors are not going to take on this risk unless there is an indication that there’s a shortage in the market that would allow them to recapture the capital employed to make the conversion.

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Real Estate Marketing Sellers Buyers 75

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse.

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Will Springer Realtor

MARCH 12, 2024

This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. Months of inventory continue to be a burden on all buyers. months’ inventory, or 45 days before the existing supply would be exhausted if not replenished. There is 1.9

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Buyers Construction Sellers Inventory 55

Appraisal Buzz

SEPTEMBER 26, 2022

There’s currently an inventory shortage, which is leading to more competition and increased prices. Mortgage credit is tight, blocking out many potential new buyers. With less confidence, some homeowners turn to renovations on their current homes. Entering the housing market today is challenging for many homeowners.

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Construction Supply Chain Buyers Retail 195

Will Springer Realtor

MARCH 14, 2022

However, as the news from Europe worsens many investors are shifting money into safer havens such as bonds that help provide temporary relief on rising rates. Interest rates on a 30-year mortgage have slipped since the start of the conflict, now averaging 3.76% in the U.S., Condo inventory is not much better. Idaho is No.

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Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

JULY 9, 2021

THE ROI OF HOME RENOVATION. Among non-Hispanic white households, 44% have sufficient income to qualify for a mortgage using standard underwriting criteria. million households secured home mortgages in Q1 of 2021, a 14-year high for one quarter, according to ATTOM Data Solutions. They are often surprised by my answer.

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Buyers Development Transportation Inventory 36

Housing Wire

MAY 23, 2024

In Economics 101, the increase in interest rates should have been coexisting with a decrease in demand,“ Todman said in an interview with HousingWire this week during the Mortgage Bankers Association ’s (MBA) Secondary and Capital Markets Conference. But they face competition from large institutional investors in the housing market.

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Renovations Investors Housing Market Law 308