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. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 347

Finance Marketing Renovations Investors 347

Housing Wire

DECEMBER 21, 2023

The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. Who is eligible?

Mortgage 426

Mortgage Renovations Appraisal Process Finance 426

Housing Wire

SEPTEMBER 24, 2021

To make matters worse, some of that inventory is extremely dated. As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase.

Lending 358

Lending Renovations Finance Investors 358

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices.

Mortgage 463

Mortgage Real Estate Agent Renovations Finance 463

Housing Wire

MARCH 26, 2024

In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived. And even though we expect to see a large delivery of multifamily units over the next few years, this will not resolve the broader lack of inventory that we see across the country.”

Investors 428

Investors Marketing Inventory Real Estate 428

Housing Wire

APRIL 22, 2021

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. There’s less than 30 days worth of inventory for homes under $300,000 right now.” “It’s just an inventory problem right now,” Sutton said.

Buyers 423

Buyers Inventory Renovations Realty 423

Housing Wire

JANUARY 5, 2024

Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger. This can lead to longer listing times and increased competition for affordable homes, particularly if inventory is tight. Declining interest rates present other opportunities for homeowners.

Real Estate 422

Real Estate Agents Marketing Sellers 422

Housing Wire

NOVEMBER 30, 2021

There is a bigger consensus of confidence in the product now,” said Keith Lind, executive chairman and president of Acra Lending. New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. How Acra Lending can help. Refinance decline.

Supply Chain 314

Supply Chain Lending Investors Renovations 314

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.

Renovations 377

Renovations Realtors Construction Mortgage 377

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

Mortgage 523

Mortgage Valuation Housing Market Renovations 523

Housing Wire

JULY 20, 2021

Borrowers now have settled in homes that in many cases are growing in value, and may have a need to take on renovation costs or consolidate debt, which brings on a greater need for cash-out refinances. Having non-agency products in an originator’s wheelhouse allows them to meet the growing need for alternative lending options.

Marketing 362

Marketing Lending Government Renovations 362

Housing Wire

SEPTEMBER 22, 2022

“The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory,” said Logan Mohtashami, Lead Analyst at HousingWire. million, below the 2019 range of 1.52 million to 1.93

Mortgage 375

Mortgage Loan Officers Inventory Retail 375

Appraisal Buzz

SEPTEMBER 26, 2022

There’s currently an inventory shortage, which is leading to more competition and increased prices. Other incentives are more federal support, clearer construction lending terms and fewer local regulations. Remove Condo Lending Restrictions. With less confidence, some homeowners turn to renovations on their current homes.

Construction 195

Construction Supply Chain Buyers Retail 195

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. There is a lot of demand out there, with very little inventory. It may be due to inventory levels continuing to drop. It is free to visit.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

McKissock

JUNE 14, 2022

Marketing time is shorter during a sellers’ market due to a limited supply of inventory. You want to look at homes that are vacant and on the market or pulled from the market and sitting idle, not homes vacant due to seasonal activity, such as vacation homes or homes that are vacant while undergoing renovations.

Real Estate 75

Real Estate Marketing Sellers Buyers 75

Raleigh Realty

FEBRUARY 2, 2022

Beyond that, if there are major structural issues with the home or safety problems, mortgage lenders may require that those defects are resolved before agreeing to lend the buyer a loan. If the seller is selling their house in a hot buyer’s market where there are a lot of buyers and low housing inventory, the seller may be at an advantage.

Inspection 158

Inspection Sellers Buyers Realtors 158

Patch of Land

OCTOBER 26, 2018

This new breed of lender is often found online, where borrowers get introduced to lending platforms that use sophisticated algorithms to determine if a potential borrower is a good credit risk. The report showed that total flips were down 3 percent from a year ago to a two-year low, but the decline could be attributed to dwindling inventory.

Finance 31

Finance Investors Real Estate Construction 31

Appraisal Today

SEPTEMBER 29, 2023

Some appraisers, a true minority, have been able to transition to private, non-mortgage-lending appraisal work, but that’s not as easy as some advocate. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. The GSEs started keeping track in 71.

Insurance 79

Insurance Appraisal Contracts Mortgage 79

Appraisal Today

FEBRUARY 16, 2024

Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. This totally renovated 5 bedroom home is tucked in the woods on a secluded cul-de-sac. My comments: MORTGAGE LENDING IS VERY SLOW NOW. Yes, appraisers do this.

Appraisal 80

Appraisal Contracts Training Architecture 80

Appraisal Today

APRIL 21, 2023

One-Room Schoolhouse in New Role as an Adorable Tiny Home Excerpts: The recently renovated schoolhouse was built in 1860 to serve the farming community of Elizaville, NY—a hamlet in the towns of Clermont and Gallatin, which still had fewer than 2,000 residents as of 2022. But, never boats that were houses.

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. Since rates have been so volatile and for-sale inventory still scarce, we have yet to see sustained growth in purchase applications. . == Glorious Gilded Age Mansion for $29.9M The 30-year fixed rate increased to 6.69

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

JULY 29, 2022

The three-year renovation was completed in 2019, including a new roof, windows, landscaping, and updated plumbing, HVAC, and electrical. We’ve seen a massive change in housing inventory. Two days later, the FOMC upped the discount rate, the Fed’s primary lending rate to commercial banks, by 50 basis points to 10.5%.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52