Housing Wire

MAY 24, 2024

In his new role, Thompson will also be responsible for driving growth and expanding the company’s market presence while fostering relationships with real estate partners. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 329

Mortgage Renovations Loan Officers Retail 329

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. of retail home sales were to bulk buyers.

Investors 387

Investors Renovations Marketing Retail 387

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets. We look to acquire right-sized, financially solid distributed retail companies.”

Retail 391

Retail Mortgage Lending Renovations 391

Housing Wire

NOVEMBER 20, 2023

California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig. The lender also brought over 45 former retail branches from Finance of America Companies Inc. FoA) months after it shut down its forward mortgage segment.

Retail 337

Retail Mortgage Lending Renovations 337

Housing Wire

MAY 22, 2024

While aging in place is a common choice, economic and mortgage market realities are also making it difficult to relocate even if someone may want to. Some of the chains reporting increased renovation and modification activity include The Home Depot and Lowe’s , two of the largest home improvement retailers in the U.S.

Renovations 397

Renovations Design Home Improvement Advertising 397

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

Inventory 373

Inventory Renovations Supply Chain Buyers 373

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Price Correction Risk by Region.

Buyers 405

Buyers Housing Market Marketing Investors 405

Housing Wire

DECEMBER 12, 2022

The company has cut hundreds of jobs across layoffs in March , May , July and October , underscoring the immense challenges of the current mortgage market. Despite struggles in retail and wholesale, Pennymac has remained a standout in the correspondent channel, in which lenders aggregate loans from smaller originators. year over year.

Marketing 367

Marketing Lending Retail Clients 367

Housing Wire

JULY 14, 2022

The higher owner-occupancy rate for distressed properties sold at auction than those sold on the MLS is a surprising stat given that the MLS is much more broadly known to retail, owner-occupant buyers. The role of renovators. Public record data looking at the total foreclosure sales market demonstrates this. I buy local.

Renovations 327

Renovations Investors Buyers Retail 327

Housing Wire

MARCH 13, 2023

Retail lender Guild Mortgage announced the acquisition of Cherry Creek Mortgage , a privately-held Colorado-based lender with 68 branches in 45 states. Established in 1987, Cherry Creek offers a wide range of mortgage products including conventional, FHA, VA USDA, USDA, reverse mortgages and home renovation loans.

Mortgage 355

Mortgage Retail Renovations Loan Officers 355

Housing Wire

JUNE 3, 2022

The continued strength in the job market will provide ongoing support to housing demand.”. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? On the other hand, employment in retail trade declined, losing 61,000 jobs, however it is still 159,000 jobs above its pre-pandemic level.

Construction 430

Construction Renovations Transportation Real Estate 430

Housing Wire

FEBRUARY 15, 2023

California-based retail lender American Pacific Mortgage (APM) has made leadership changes while continuing to eye expansion in the Midwest and Southeast. The lender also brought over 45 former retail branches from Finance of America Companies Inc. We went into this declining market prepared to take advantage of it,” Lowman said.

Retail 307

Retail Renovations Loan Officers Lending 307

Housing Wire

APRIL 8, 2021

One of the big beneficiaries of the new live/work/play setup has been home goods retailer Home Depot. According to a survey by Hippo.com , 54% of respondents said they made at least one home improvement last year, with the bulk having made renovations to their backyard, kitchen and home office at 21%, 20.1%, and 18.4% respectively.

Renovations 287

Renovations Home Improvement Retail Marketing 287

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 331

Renovations Buyers Development Insurance 331

Housing Wire

JANUARY 31, 2023

billion in loan production in 2022, saw potential to expand in local markets by scooping up LOs that could bring over their network of local clients. Almost three months after Finance of America Mortgage shut down, Reich brought over 21 retail branches to form his own retail division at Go Mortgage. In-house is key.

Mortgage 362

Mortgage Loan Officers Retail Finance 362

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. Another partnership of asset management giants has announced a major investment in single-family rental homes.

Real Estate 355

Real Estate Renovations Inventory Retail 355

Housing Wire

APRIL 27, 2021

Finance of America said it puts the company on the path of becoming a “top-five performer” in the segment, which has grown to roughly 20% of the overall mortgage market. Parkside, founded in 2004 in San Francisco and led by CEO Matt Ostrander, also operates correspondent and retail channels. billion.

Finance 368

Finance Lending Retail Renovations 368

Housing Wire

OCTOBER 17, 2023

A growing pre-foreclosure market While it’s hard to quantify the prevalence of such predatory behavior, the opportunity for it is growing as the pre-foreclosure market grows. These institutional buyers purchased pre-foreclosure properties for 30% below estimated after-repair market value on average.

Buyers 375

Buyers Retail Market Value Real Estate Agent 375

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.

Lending 325

Lending Renovations Construction Finance 325

Housing Wire

FEBRUARY 18, 2022

Appraisals outline the housing trends for particular markets. AVMs do not account for upgrades or renovations. Sometimes properties have increased in value due to recent upgrades or renovations. AVMs do not consider such things nor can they provide an estimated value to adjust any sales prices.

Appraisal Process 352

Appraisal Process Appraisal Valuation Renovations 352

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. Business is at a “dead stop,” said a retail loan officer in Michigan. If the first-time homeowners are not moving because they can’t afford to, it freezes up the entire lower end of the market.

Mortgage 376

Mortgage Loan Officers Inventory Retail 376

Appraisal Buzz

SEPTEMBER 26, 2022

Entering the housing market today is challenging for many homeowners. With less confidence, some homeowners turn to renovations on their current homes. Then, investors buy these houses in bulk and rent out the properties — this eliminates the chance for the building to return to the buying market.

Construction 195

Construction Supply Chain Buyers Retail 195

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%. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

Business 369

Business Loan Officers Clients Inventory 369

Housing Wire

OCTOBER 15, 2020

Once rehabbed, previously vacant distressed properties are attracting scores of retail buyers, according to Jeff Crum, chief investment officer at New Jersey Community Capital (NJCC), a nonprofit, socially motivated lender that also buys and rehabs vacant distressed properties. But now gentrification is an issue.”.

Buyers 331

Buyers Development Renovations Retail 331

Housing Wire

APRIL 25, 2024

These tools can help you cut your speed to lead time in half, market your business, generate and nurture leads, and even leverage bleeding-edge AI tools to 10x your productivity. That means you can use it to create email campaigns, write blog posts, or research your market with the most up-to-date information.

Real Estate 341

Real Estate Agents Open Houses Tools 341

Appraisal Today

MAY 17, 2024

I always do market conditions adjustments (or explain why not) and for views and other factors that significantly add to value. Not for a number, but about marketability. Originally hitting the market in 2022 for $72 million, the estate has seen various price decreases since then. I use Excel and MLS data. baths, 45,000 sq.ft.,

Tools 66

Tools Appraisal Renovations Design 66

Empire Appraisal Group

DECEMBER 28, 2023

But the nation’s biggest home improvement retailer still topped expectations for the quarter. Secondly, as the Fed has raised interest rates to cool the economy and inflation, it has fractured the real estate market, the health of which is a big determinant in Home Depot’s fortunes. Federal Reserve against inflation. In the U.S.,

Home Improvement 78

Home Improvement Renovations Retail Real Estate 78

The Robert Weiler Company

MAY 18, 2022

All expenses associated with the commercial property should be included, such as repairs and renovations, commercial real estate loans and interest rates, and costs associated with selling commercial real estate (e.g., Though, keep in mind that commercial real estate doesn’t always sell at market value. De-clutter the interior.

Real Estate 148

Real Estate Tenants Retail Investing 148

Realtor

APRIL 14, 2021

The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge than ever. There is a shortage of houses in many markets. And while home prices may be high now, Schinkel points out that the market is continuing to appreciate. Research down payment assistance programs.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

The Robert Weiler Company

JULY 6, 2021

Retail products, food manufacturing, and pharmaceutical healthcare are all examples of different types of production facilities. Bulk warehousing : Warehouse rental space that stores goods in large quantities, most commonly as middleman storage between retailers and distributors. Industrial real estate comes in various forms.

Logistics 147

Logistics Tenants Real Estate Modernization 147

AmeriMac

NOVEMBER 30, 2023

Factors like market conditions, property conditions, income stream, comparable sales, and income potential are considered. They provide an objective opinion on the value of a property, considering factors such as market conditions, comparable sales, and income potential.

Appraisal 36

Appraisal Real Estate Appraisal Process Inspection 36

The Robert Weiler Company

SEPTEMBER 16, 2021

It could take the form of mixed-use real estate, an apartment building, office building, shopping center or retail building, industrial property for sale, and more. Explanation of potential risks you may face or negative aspects that may impact the market value of the commercial property.

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147

Eppraisal

FEBRUARY 22, 2022

The retailer pays more for the wood so likewise marks up the price for the consumer in order to make a profit. However, inflation takes a toll on the price of renovations, a variable that will very well influence the bottom line. This is true on the supply side, too.

Housing Market 36

Housing Market Marketing Property Taxes Home Value 36

The Robert Weiler Company

MARCH 28, 2021

The sector offers a head-spinning amalgam of residential, commercial, hotel, and retail space; however, each piece harmonizes to form an immediate community. Typically, a property owner who rents a standalone retail store or building risks a substantial decrease in revenue should they lose a tenant. Retail District Retrofit.

Investors 158

Investors Tenants Real Estate Retail 158

The Robert Weiler Company

JUNE 15, 2022

multifamily real estate market enjoyed a record-breaking year in 2021, according to a new report by CBRE. The unexpected multifamily real estate market boom in 2021 was bolstered by strong economic conditions and demand for multifamily assets. The typically popular retail, office, and hospitality markets showed slow recovery.

Investing 78

Investing Tenants Real Estate Property Management 78

The Robert Weiler Company

APRIL 15, 2022

A percentage lease is typically only used for retail space for lease. Still, the most common are commercial office space for rent, industrial space for rent (including warehouse rentals), retail space for rent, restaurant space, hospitality, and special purpose properties. *A The Columbus commercial real estate market is red hot.

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market. Need To Sell?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68