Housing Wire

JULY 21, 2021

Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My Markets with Most Qualifying Inventory. Local Investment at a Larger Scale.

Real Estate 456

Real Estate Investors Market Value Home Value 456

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. 50%), Charlotte, NC (49%), Jacksonville, FL (48%) and Houston, TX (46%).

Investors 344

Investors Housing Market Marketing Renovations 344

Housing Wire

MAY 21, 2024

It’s oddly enough in states where people are leaving,” said Florida-based real estate investor Paul Lizell of the markets where he is more focused on acquiring investment properties in 2024. I’m still focusing on those markets with very low (retail) inventory. It’s very, very market dependent right now. in Q1 2023. in Q1 2023.

Marketing 423

Marketing Investors Real Estate Investing 423

Housing Wire

SEPTEMBER 23, 2022

The claim by the authors that single-family rental home companies “swoop up much of the inventory” of homes from potential homebuyers is, in fact, not supported by the data in any way, shape, or form. of the nation’s total housing inventory. Rather, large companies own less than 1.5%

Inventory 321

Inventory Housing Market Investors Investing 321

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. Overall, Zillow reported $9.6

Renovations 381

Renovations Real Estate Construction Contracts 381

Eppraisal

AUGUST 25, 2023

In the ever-fluctuating world of real estate, buyers often face a multitude of challenges. However, two significant hurdles that are currently prevalent are the combination of low housing inventory and high-interest rates. A home in need of renovations could be a hidden gem that other buyers overlook.

Inventory 69

Inventory Real Estate Buyers Renovations 69

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

FEBRUARY 21, 2023

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 Holding properties as REO becomes even more risky in a slowing real estate environment. These are market-based decisions.”

Housing Market 356

Housing Market Renovations Marketing Retail 356

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. “If Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

Construction 429

Construction Renovations Transportation Real Estate 429

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? The post Is Home Renovation Necessary Before Listing In Hot Markets?

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Renovations Marketing Real Estate Agent Sellers 96

Housing Wire

MARCH 26, 2024

Salmanson, CEO of Cherre , a data integration and insights platform serving the real estate market, including institutional owners of single-family rental (SFR) properties. 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 428

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. Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory. “The largest, undisrupted market in the U.S.,”

Marketing 396

Marketing Inventory Renovations Investors 396

Appraisal Buzz

APRIL 11, 2022

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. Inventory Shortage Won’t Be Solved. More Second Home Purchases.

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Buyers Renovations Supply Chain Housing Market 370

Housing Wire

MAY 30, 2024

The national real estate brokerage reported that the median asking price in the past week was $416,623, a weekly decline of about $3,000 and the first pullback in six months. A report released Thursday by Redfin showed that 6.4% home sellers cut their asking prices during the four-week period ending May 26.

Renovations 382

Renovations Buyers Real Estate Mortgage 382

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. billion equity infusion from investors including Centerbridge and Allianz Real Estate.

Real Estate 355

Real Estate Renovations Inventory Retail 355

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Renovating Right.

Investors 386

Investors Renovations Marketing Retail 386

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.

Renovations 52

Renovations Inventory Real Estate Marketing 52

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 414

Inventory Renovations Contracts Buyers 414

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. Another tailwind ahead for the fix and flip market stems from the nation’s aging housing stock.

Finance 347

Finance Marketing Renovations Investors 347

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan.

Mortgage 426

Mortgage Renovations Appraisal Process Finance 426

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. in first quarter to 27.5% It remained way below the 44.6% hit in the second quarter of 2021.”

Investors 343

Investors Inventory Investing Real Estate 343

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 528

Construction Renovations Insurance Landlords 528

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.

Inventory 68

Inventory Construction Real Estate Renovations 68

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.

Renovations 329

Renovations Buyers Development Insurance 329

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

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. Up through May our sale price (on the properties we sell post-renovation) was still going up. If you look at equity markets, real estate is the last man standing.”.

Housing Market 384

Housing Market Buyers Marketing Retail 384

The Robert Weiler Company

APRIL 7, 2023

As we commemorate the global phenomenon, The Robert Weiler Company is excited to announce that the green movement is alive and well in the commercial real estate industry. Upgrades to existing buildings brought an even bigger reduction in operating costs globally, with green renovations at 11.5% savings over five years.

Real Estate 109

Real Estate Construction Development Investing 109

Housing Wire

OCTOBER 25, 2021

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. Although this is a clear sign of a slowing market, housing economists say the changes are along the lines of typical seasonal slowdowns.

Renovations 404

Renovations Inventory Agents Housing Market 404

Raleigh Realty

JULY 12, 2022

In fact, it’s estimated that owner-occupied real estate accounts for over a quarter of American households’ net worth. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? for homebuilding prospects and number two for overall real estate prospects.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Housing Wire

JUNE 13, 2023

This uptick is a sign that more housing inventory is available for sale as more potential homebuyers are priced out of the market due to high interest rates and soaring housing prices. Even in San Antonio, which is just south of Austin and where homes are more moderately priced, Lwowski said home inventory is up 53% year over year.

Marketing 306

Marketing Investors Inventory Real Estate 306

Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Whether it be through social media, connecting with real estate agents or going back to old-fashioned ways of knocking on people’s doors, they’ll have to focus on the purchase market going into the new year.

Renovations 377

Renovations Realtors Construction Mortgage 377

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 Offerpad is a six-year-old company founded by its current CEO Brian Bair, a longtime real estate investor.

Logistics 416

Logistics Renovations Real Estate Market Value 416

McKissock

JUNE 14, 2022

Besides location, one of the most important factors in a residential property’s value is the health of its local real estate market. Appraisers should pay close attention to various current events that may indicate a softening or imbalanced market, or conversely, a robust, healthy real estate market. Vacancies increasing.

Real Estate 75

Real Estate Marketing Sellers Buyers 75

Housing Wire

DECEMBER 2, 2020

For-sale inventory is at record lows. More for Real Estate Enthusiasts. Four renovations to consider before selling your house. With housing market inventory so low and home prices rising, how will homeowners find a replacement property once their house is sold? But existing homes? Those are another story.

Housing Market 457

Housing Market Sellers Marketing Renovations 457

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. During the second quarter , Zillow sold 1,437 homes and purchased 86 homes through Zillow Offers, ending Q2 with 440 homes in its inventory. million, compared to $248.9 million a year prior.

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Renovations Inventory Brokerage Real Estate 280

Empire Appraisal Group

MAY 30, 2024

Housing inventory levels in Florida are up the most in the nation on a year-over-year basis (57%), but the bulk of the increase is really concentrated in sections of Southwest Florida. Hurricane Ian left behind thousands of damaged homes, and the subsequent need for renovations has resulted in a jump of available housing inventory.

HOA 78

HOA Renovations Insurance Inventory 78

Housing Wire

FEBRUARY 28, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The heightened demand has put a strain on Annapolis’ already tight housing inventory, causing properties that would have previously held narrow appeal to go faster than expected. “I Annapolis, Maryland.

Housing Market 353

Housing Market Marketing Buyers Agents 353