Housing Wire
NOVEMBER 30, 2021
New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Fix and flip loans offer borrowers the ability to renovate and rehab older homes to make them more appealing to homebuyers once they’re placed back on the market.
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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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.
Appraisal Buzz
APRIL 11, 2022
Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. Millennial homeowners led the way, with 75% of them renovating between 2020 and 2022. Inventory Shortage Won’t Be Solved. Greater Demand for More Space.
Raleigh Realty
JULY 12, 2022
These trends in time spent on the market and housing inventory show that homes in Raleigh will continue to be in high demand throughout the year. As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. is renter-occupied.
Will Springer Realtor
DECEMBER 11, 2022
months of inventory. Inventories across the county for all home types now stand at 2.2 Single-family inventory is unchanged from October at 2.1 Exclusive neighborhoods such as Medina and Mercer Island have roughly 4 months of single-family inventory. A little more than a third of inventory is under contract.
Will Springer Realtor
MAY 9, 2023
In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations.
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