article thumbnail

FHA plans to revamp its 203k renovation program

Housing Wire

According to Joseph, homes needing renovation can be “daunting,” especially for first-time homebuyers looking for something that is turnkey. The post FHA plans to revamp its 203k renovation program appeared first on HousingWire.

article thumbnail

Regions Bank places $1B bet on home renovation market

Housing Wire

Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3% The post Regions Bank places $1B bet on home renovation market appeared first on HousingWire.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Finance of America now offers renovation loans

Housing Wire

announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3%

article thumbnail

Top markets for affordable renovated housing inventory

Housing Wire

Renovated Inventory to the Rescue. 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.

article thumbnail

Looking to renovate construction space, Freemodel secures $19.5M

Inman

million Series A for Freemodel to expand its approach to prepaid, fully managed market preparation renovations, according to an announcement sent exclusively to Inman. QED led a $19.5

article thumbnail

Affordability Constraints Fueling Renovation Projects

Appraisal Buzz

percentage points in 2022, many homeowners are choosing to renovate their living spaces rather than search for a new home. The post Affordability Constraints Fueling Renovation Projects appeared first on Appraisal Buzz.

article thumbnail

Renovation Rates Outpace Relocation

Appraisal Buzz

According to its survey, Discover found 79% of homeowners would rather renovate their current home than move to a different one. “In In some … The post Renovation Rates Outpace Relocation appeared first on theMReport.com. The post Renovation Rates Outpace Relocation appeared first on Appraisal Buzz.

article thumbnail

Renovation loans get pandemic boost as homeowners want home offices

Housing Wire

The Federal Housing Administration’s 203(k) rehabilitation mortgage insurance program is designed for borrowers to renovate when they purchase or refinance. In turn, the program opens access to much-needed renovation capital for borrowers.

article thumbnail

Refinances, Renovations Expected to Increase in 2022

Appraisal Buzz

Some 72% of homeowners are considering renovations or upgrades to their home, and 37% are seeking to apply for home refinance. The post Refinances, Renovations Expected to Increase in 2022 appeared first on theMReport.com.

article thumbnail

Home Renovations: A Time-Sensitive Proposition

Appraisal Buzz

homeowners has found that more than half polled believe that their home improvement and home renovation projects will take longer than originally estimated. The post Home Renovations: A Time-Sensitive Proposition appeared first on DSNews. The post Home Renovations: A Time-Sensitive Proposition appeared first on Appraisal Buzz. A survey of 1,000 U.S.

article thumbnail

What renovations should you make before selling your home?

Housing Wire

Making these four renovations can help you do it successfully. A lot of buyers are shopping virtually these days, so any renovations that can make your home look better in photos is a good thing. The post What renovations should you make before selling your home?

article thumbnail

What renovations will add value to my home?

Housing Wire

We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these days. Areas Ripe for Renovation.

article thumbnail

Sold.com partners with Revive to offer renovation services

Inman

The new partnership will allow Sold.com partner agents to refer their clients more easily to Revive's renovation network. Agent Industry News News Brief Select home improvement Matt Woods Michael Alladawi revive Sold.com

article thumbnail

Weatherproofing Projects Lead Millennials Renovation Decisions

Appraisal Buzz

The post Weatherproofing Projects Lead Millennials Renovation Decisions appeared first on Appraisal Buzz.

article thumbnail

Homeowners’ Renovation Spending Doubled Since 2001

Appraisal Buzz

The post Homeowners’ Renovation Spending Doubled Since 2001 appeared first on DSNews. The post Homeowners’ Renovation Spending Doubled Since 2001 appeared first on Appraisal Buzz.

article thumbnail

More Millennials Investing in Home Renovations

Appraisal Buzz

The post More Millennials Investing in Home Renovations appeared first on theMReport.com. The post More Millennials Investing in Home Renovations appeared first on Appraisal Buzz.

article thumbnail

Homeowners Would Rather Renovate Than Sell

Appraisal Buzz

According to a survey of 1,000 consumers by LendingTree, … The post Homeowners Would Rather Renovate Than Sell appeared first on DSNews. The post Homeowners Would Rather Renovate Than Sell appeared first on Appraisal Buzz. Still hot as ever, the housing market is continuing to find new highs in 2022 but consumers now overwhelmingly agree that the time is right to mold the space around you versus putting it on the market and finding another property that better fits your needs.

article thumbnail

Owners See Wisdom in Renovating Existing Properties

Appraisal Buzz

According to a survey of 1,000 consumers by LendingTree, … The post Owners See Wisdom in Renovating Existing Properties appeared first on theMReport.com. The post Owners See Wisdom in Renovating Existing Properties appeared first on Appraisal Buzz.

article thumbnail

Homeowners Look to Renovate Than Relocate

Appraisal Buzz

According to its survey, Discover found 79% of homeowners would rather renovate their current home than move to a different one. “In In some … The post Homeowners Look to Renovate Than Relocate appeared first on DSNews. The post Homeowners Look to Renovate Than Relocate appeared first on Appraisal Buzz.

article thumbnail

6 Kitchen Renovations Worth the Investment

McKissock

When selling a home though, most real estate professionals will vouch that — as far as home improvements are concerned — kitchen renovations are worthy investments that will likely increase your resale value. Top off your kitchen renovation by installing wood flooring.

article thumbnail

Renovation: A Path to Fair Lending 

Appraisal Buzz

The post Renovation: A Path to Fair Lending appeared first on Appraisal Buzz. Think the Community Reinvestment Act’s (CRA’s) focus on measuring how many loans are made to underserved, largely low- and moderate-income communities does not apply to nonbanks? Think again. While that’s true of the federal law, at least three states have passed CRA-like laws that apply to nonbanks, and the Mortgage Bankers Association (MBA) predicts more states could follow suit.

article thumbnail

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

Housing Wire

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Owner-occupants purchased renovated foreclosures for an average price of $261,543 in 2020 and 2021 combined.

article thumbnail

Two-Thirds of Gen X Homeowners Plan on Renovating

Appraisal Buzz

The post Two-Thirds of Gen X Homeowners Plan on Renovating appeared first on theMReport.com. The post Two-Thirds of Gen X Homeowners Plan on Renovating appeared first on Appraisal Buzz. With real home equity reaching a new peak of $20.2

article thumbnail

Keywords Show Homeowners Focused on Renovations During the Pandemic

Appraisal Buzz

Instead of pulling from MLS data, or conducting yet another “market pulse” survey, Point2, an online real estate marketplace, decided to research certain … The post Keywords Show Homeowners Focused on Renovations During the Pandemic appeared first on theMReport.com.

article thumbnail

New Service is Designed to Help Homeowners Renovate

Appraisal Buzz

The post New Service is Designed to Help Homeowners Renovate appeared first on DSNews. The post New Service is Designed to Help Homeowners Renovate appeared first on Appraisal Buzz.

Design 195
article thumbnail

Home Renovations in 2021

Lamacchia Realty

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.

article thumbnail

Top renovations to protect homes from natural disasters

Housing Wire

Try one of these renovations: More for Real Estate Enthusiasts. Four renovations to consider before selling your house. If you’re not up to funding any major renovations at the moment, there are smaller changes you can make to reduce your risk in the event of a natural disaster.

article thumbnail

Is Home Renovation Necessary Before Listing In Hot Markets?

McKissock

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?

article thumbnail

Purchasing a Home That Requires Renovations and Repairs

Lamacchia Realty

Because of this, many buyers going through the home buying process are becoming more open to a house that needs renovations. Whether the home just needs a spruce up or more involved renovations, knowing what’s involved is important.

article thumbnail

Highest ROI: Top Home Renovations

Kairos Appraisal Services

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. This is a trend we will… The post Highest ROI: Top Home Renovations appeared first on Kairos.

article thumbnail

AI provides home renovation tips

Valuation Review

The Appraisal Institute (AI) is encouraging homeowners to focus on cost-efficient improvement projects when seeking to improve their property’s value during the ongoing coronavirus pandemic, according to a release on the AI website. Read on to learn more

article thumbnail

What to Know About Home Renovations in 2022

Lamacchia Realty

HOME RENOVATIONS IN 2022. It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations world is no different. In addition to higher costs, supply chain issues also play a big role in home renovation delays this year.

article thumbnail

Will Your Agent Spot Renovation Disasters?

Hank Miller Team

Appraising and being involved in real estate sales for over 30 years allows me to see epic "renovation" nightmares. Will your agent spot renovation disasters? This home however, was a graduate course in renovation disasters - and renovation is the listing agent's term.

article thumbnail

Should I Use a Home Equity Line of Credit for Home Renovations?

Lamacchia Realty

With current home equity line of credit (HELOC) rates averaging between 1.79% and 7.24%, many homeowners that have been considering using HELOC to fund their home renovations are finally taking the plunge. The Pros & Cons of Home Equity Line of Credit for Home Renovations.

article thumbnail

Renovated Edmonton housing complex begins operations

Mortgagebroker News

The project saw multi-million investment tranches from CMHC and the local government

article thumbnail

7 Home Renovations That Will Get You an ROI at the Closing Table

Berkshire Hathaway

The post 7 Home Renovations That Will Get You an ROI at the Closing Table first appeared on BHHS Michigan Real Estate Blog. Home Selling Homeowner Tips DIY home update home home improvement home ownership home remodel home reno home renovation home selling home update

article thumbnail

A Room-by-Room Guide to Eco-Friendly Home Modifications and Renovations

Raleigh Realty

Sustainable Renovations for Every Room Whether you buy an older home or a new construction home, there are most likely modifications and renovations you can do to make your new house more eco-friendly.

article thumbnail

Renovation projects in Canada – more funding help needed

Mortgagebroker News

A growing number do not have the finances to fully fund renovation work

Finance 58
article thumbnail

Toronto residents – to buy a new home or renovate?

Mortgagebroker News

This is despite nearly seven out of 10 Torontonians facing heightened stress levels during renovations

article thumbnail

The housing boom juices Home Depot’s bottom line

Housing Wire

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% Lumber prices are up more than 170% over the last year, and wholesalers and builders have struggled to acquire enough material for new builds and renovations.