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.

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.

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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%

Relocate? No, Renovate!

Appraisal Buzz

According to its survey, Discover found 79% of homeowners would rather renovate their current home than move to a different one. “In No, Renovate! No, Renovate! In light of a difficult housing market filled with high home prices and low supply, Discover Home Loans issued a survey to better understand homeowners’ attitudes towards home improvements, purchasing and refinancing.

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.

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.

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.

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.

Weatherproofing Projects Lead Millennials Renovation Decisions

Appraisal Buzz

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

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.

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?

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.

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.

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.

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.

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

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.

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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.

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.

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.

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.

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

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.

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.

Outdoor Renovations: Think Outside the Box

PennyMac

Kitchen and bathroom updates are some of the first ideas that usually come to mind, but you can get great returns from making outdoor renovations and improvements. Here are the top outdoor renovation ideas for you to focus on this year! Yard Renovations: Create an Outdoor Living Space.

Room-By-Room Guide to Eco-Friendly Home Modifications and Renovations

Raleigh Realty

Just like a garage or a carport, environmental home renovations help to improve home value. Eco-friendly certifications indicate brands that share your passion for environmentally friendly renovation.

Renovations remain a top priority for homeowners – survey

Mortgagebroker News

The upward trend in renovation loan applications is likely to last for the remainder of 2021

Frustrated homebuyers turn to fixer-uppers

Housing Wire

After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Patrick, a 25-year old tech worker, had his heart set on buying a home in the Reading, Massachusetts area, where he grew up.

Should You Renovate Before You Sell?

Berkshire Hathaway

In a normal market renovating your home before putting it up for sale was a great way to make it more appealing to buyers. However, this is not a normal market and with so many buyers competing for homes renovations may not be as important, which as a seller is great news because it will save you time and money! In a competitive market the faster you can list your home the better so taking time to do costly lengthy renovations is not going to be in your best interest.

Are home updates actually worth it right now?

Housing Wire

Renovations Can Be Beneficial. Renovations might make you feel better about putting your home on the market one day. Real Estate Enthusiasts home buying Home improvement Home renovations Special Report Special ReportsShould you update your home before putting it on the market?

Interest rate hikes might have a knock-on effect on renovation budgets – observers

Mortgagebroker News

The current renovation boom hinges on expectations that price growth will last indefinitely, observers say

A must-read for homeowners: Do you have to renovate before you sell?

Cornerstone

Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. Taking the time (and spending the money) to renovate before selling might cause you to miss out on this chance.

Opportunities to improve the home-building process

Housing Wire

Block Renovations is a great example of a company using technology to make a multi-step process more efficient for contractors and more satisfying for customers. Some things in life are so complicated that it’s easier to say, “Screw it — I’m not going to do this at all.”

Do appraisals take into account home renovations? To what extent?

Realvals

There are always pros and cons with any home renovation. Renovation pros and cons also apply when it comes to home appraisals. Renovations give your home the added value, but never as much as you spent on the renovations in the first place.

Canadians mostly funding home renovations with their savings – survey

Mortgagebroker News

The trend accompanied a steady decline in Canada’s non-mortgage debt load

Rookie Podcast 166: Finding Contractors, Renovation Red Flags, and Estimating Rehab Costs (Part 2) w/ James Dainard

BiggerPockets

Welcome to part two of a rehab estimation masterclass with real estate mogul James Dainard! As mentioned in part one, James has created a multi-level brokerage where he has been […]. Real Estate Rookie Podcast

3 Reasons to Live in a New Home Before Renovating

Zillow

A home renovation can be yet another big and stressful project, what with all the decisions to make and contractors to deal with. Any renovation, no matter how small, should be designed with care. Find out which home renovations DIYers most regretted tackling themselves.

Quiz: Should You Renovate Your Home or Sell?

Zillow

If you’re feeling discontent with your home, you may be thinking about renovating … or getting out entirely. Should You Renovate or Sell? Consider renovating. Before you begin, be sure to: Create a renovation budget and determine how you’ll finance the project.

BMO on how many Canadians are planning to renovate instead of moving

Mortgagebroker News

Current economic conditions incentivize a significant number of homeowners to stay put

Transform Your House Into Your Dream Home

REX Real Estate

Do you have a Pinterest board where you’ve compiled images of what your future… Home Improvement Lifestyle REX Tips affordable renovations dream home home renovations home upgrades house transformation interior design