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.

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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

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Housing Market Renovations Marketing Retail 384

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. housing market.” Arvind Mohan is CEO of Kiavi , a fix and flip lender that has originated some $12.3

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Finance Marketing Renovations Investors 370

Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. 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. Jumbo products.

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McKissock

JULY 18, 2021

When the seller’s market is this hot, is it still necessary to renovate a seller’s home before it hits the market? But just because the ball is already in the seller’s court, so to speak, is it enough to justify skipping renovation altogether? Consider Your Market. Go Big Or Go Home.

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Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. This can lead to longer listing times and increased competition for affordable homes, particularly if inventory is tight.

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Housing Wire

OCTOBER 28, 2021

“Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. Top markets for affordable renovated housing inventory. Presented by: Auction.com.

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Inventory Renovations Contracts Buyers 421

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. “There is too much distraction in the market; there are some negative folks out there.

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Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

DECEMBER 2, 2020

For-sale inventory is at record lows. Construction is starting to pick up, so that should help alleviate things in the housing market. Four renovations to consider before selling your house. Worries about finding a replacement home in a hot housing market. Should homeowners get off the sidelines of this housing market?

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Housing Market Sellers Marketing Renovations 466

Housing Wire

FEBRUARY 28, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Annapolis, Maryland. Manchester, New Hampshire. “We New Braunfels, Texas.

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Housing Wire

OCTOBER 25, 2021

Although this is a clear sign of a slowing market, housing economists say the changes are along the lines of typical seasonal slowdowns. In addition, with one-third of homes stayed on the market for less than a week and inventory was down 13% from a year prior. ” Top markets for affordable renovated housing inventory.

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Eppraisal

AUGUST 25, 2023

However, two significant hurdles that are currently prevalent are the combination of low housing inventory and high-interest rates. These factors can make the homebuying process more complex, but with the right strategies, prospective buyers can still find success in this competitive market.

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Housing Wire

FEBRUARY 12, 2024

residential mortgage market and housing-related assets. Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

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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.

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Marketing Construction Renovations Home Improvement 369

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. We have not been exempted from these market and capacity issues and we now have an operational backlog for renovations and closings.

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Renovations Real Estate Construction Contracts 384

Kairos Appraisal Services

DECEMBER 16, 2021

There’s no doubt that 2021 was a hot real estate market, but there was another hot market this year, and that was the renovation market. Because of a lack of inventory, many homeowners opted to stay put in their homes and create their dream home in their current home.

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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.

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Construction Renovations Training Development 527

Housing Wire

JULY 20, 2021

Mortgage professionals never know what the industry will throw at them, so staying on top of market shifts can help originators prepare for what’s to come. De-risking efforts by GSEs, migration shifts, demographic changes and more are pushing the market to adapt to meet the needs of today’s borrowers. Changing Borrower Activity.

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Housing Wire

DECEMBER 21, 2023

VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. A lot has changed and it’s time to remove the stigma.

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Mortgage Renovations Appraisal Process Finance 441

Housing Wire

JUNE 3, 2022

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. The continued strength in the job market will provide ongoing support to housing demand.”. higher than its pre-pandemic level.

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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. Why Is U.S.

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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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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. Now you need to work on who will be buying in this market. Mortgage products expected to get love .

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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.

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Real Estate Renovations Inventory Retail 370

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.

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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. What You Can Do.

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Renovations Buyers Home Improvement Realty 55

Hank Miller Team

NOVEMBER 15, 2022

As we enter the final weeks of 2022, the national real estate market is catching its breath. 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. Atlanta Housing Inventory Everything must be kept in context.

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Housing Wire

JANUARY 4, 2022

The new facilities are revolving, and we borrow only what we use to add inventory, where we continue to apply our disciplined approach to underwriting homes,” a spokesperson said. “In billion market value. The company plans to expand into additional markets in 2022.

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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. The only problem?

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Housing Wire

JULY 7, 2023

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. 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 year over year, while non-residential is up by 4.8%.

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Construction Renovations Government Inventory 370

Housing Wire

OCTOBER 29, 2020

The field positions included those who evaluated homes, maintained homes and managed renovation work for homes in Zillow’s inventory. In September, Zillow Offers launched in Jacksonville, Florida , its 25th operating market and first new market since it resumed iBuying in May after a nearly two-month pause due to COVID-19.

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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. Business is at a “dead stop,” said a retail loan officer in Michigan.

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Mortgage Loan Officers Inventory Retail 384

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom count, lot size and so on.

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Housing Wire

AUGUST 5, 2021

With global market uncertainty surrounding the Delta variant of COVID-19, we saw 10-year Treasury yields drift lower and consequently mortgage rates followed suit,” said Khater. This bodes well for those still looking to refinance, renovate or even purchase a new home.”.

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Mortgage Valuation Housing Market Renovations 527

Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. The typical, non-iBuyer home in the market spent 31 days on the market in the first quarter. from the prior quarter. Presented by: Argyle.

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Renovations Marketing Buyers Inventory 449

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options.

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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.

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Supply Chain Renovations Appraisal Market Value 280