Housing Wire

SEPTEMBER 13, 2023

Retail giant Amazon announced on Wednesday the launch of a new pilot program designed to assist moderate-income families in three different U.S. million into the Nashville area to build and renovate 130 affordable homes, bringing its then-total investment into that community to roughly $100 million.

Renovations 410

Renovations Investing Retail Design 410

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 365

Renovations Buyers Development Insurance 365

Housing Wire

JUNE 3, 2022

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021.

Construction 481

Construction Renovations Transportation Real Estate 481

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 369

Mortgage Retail Renovations Loan Officers 369

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. FoA) months after it shut down its forward mortgage segment.

Retail 354

Retail Renovations Loan Officers Lending 354

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 340

Renovations Home Improvement Retail Marketing 340

Housing Wire

APRIL 27, 2021

Parkside, founded in 2004 in San Francisco and led by CEO Matt Ostrander, also operates correspondent and retail channels. The acquisition of Parkside’s wholesale business comes roughly one month after Finance of America’s acquisition of Renovate America’s Benji business , an expansion into the home improvement lending space.

Finance 370

Finance Lending Retail Renovations 370

Housing Wire

FEBRUARY 12, 2024

During an Association of Independent Mortgage Experts conference in October 2023, AFR executive vice president Christopher Guerin said that the company had doubled its efforts to do more renovation loans. “We focus more on manufactured home financing and new-construction home financing instead of maybe fighting against some of those headwinds (..)

Lending 414

Lending Renovations Construction Finance 414

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 370

Real Estate Renovations Inventory Retail 370

Housing Wire

JANUARY 12, 2024

The pandemic-era run-up in home prices and the property’s reappraisal made the burdens of the mortgage payments too high when deducted from the gift itself, Dooley explained to the outlet, despite the Conleys continuing to pay for taxes, utilities and renovations for the property.

Tools 438

Tools Mortgage Finance Lending 438

Housing Wire

OCTOBER 20, 2022

The first quarter numbers reflect a pandemic-fueled housing fever dream that impacted the distressed housing marketplace as much as it did the retail housing marketplace. This ratio hit a year-to-date high of 89% in Q1 2022, representing an 11% average purchase discount for foreclosure auction buyers.

Buyers 458

Buyers Housing Market Marketing Investors 458

Housing Wire

FEBRUARY 18, 2022

AVMs do not account for upgrades or renovations. Sometimes properties have increased in value due to recent upgrades or renovations. This information is not known by AVMs, nor do they calculate possible value adjustments. They do not know how much value to give either. AVMs don’t account for commercial influence.

Appraisal Process 394

Appraisal Process Appraisal Valuation Renovations 394

Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I

Renovations 368

Renovations Buyers Development Design 368

Housing Wire

APRIL 2, 2021

The lender, which is controlled by the Blackstone Group and operates through retail, wholesale and correspondent channels, will begin trading Monday following the completion of its merger with blank-check company Replay Acquisition Corp.

Finance 322

Finance Renovations Investors Retail 322

Housing Wire

DECEMBER 12, 2022

Despite struggles in retail and wholesale, Pennymac has remained a standout in the correspondent channel, in which lenders aggregate loans from smaller originators. Meanwhile, the retail channel’s market share slipped to 56% of the overall originations pie in the third quarter of 2022. In retail, it’s more difficult to do so.

Marketing 416

Marketing Lending Retail Clients 416

Housing Wire

SEPTEMBER 22, 2022

Business is at a “dead stop,” said a retail loan officer in Michigan. While some LOs plan on moving to the broker channel for higher margins or exiting the industry, those planning to stay in the retail business are offering more loan products or getting licenses in other states to cast a wider net for borrowers.

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

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. “If Seeking new inventory sources.

Buyers 360

Buyers Development Renovations Retail 360

Housing Wire

JANUARY 6, 2023

Connie Kim: Have you also noticed retail LOs moving over to the wholesale channel? Lower pricing, less red tape in big-name retailers are what’s driving some of them to make the transition. I also think there is the potential for the renovation loans and products like that to pick up a little bit as well because inventory is low.

Business 431

Business Loan Officers Clients Inventory 431

Raleigh Realty

APRIL 24, 2022

There are plenty of retailers with niched storage tools, but maybe you want a different design style. Not every rack is designed for retail space or backstage at a fashion show. You can find design styles for clothes racks from many retailers, including some with additional storage features. It also breaks up space visually.

Tools 78

Tools Design Retail Renovations 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., CRE Property #2: Retail/Restaurant Storefront. When in doubt, invest in your roof. . De-clutter the interior.

Real Estate 148

Real Estate Tenants Retail Investing 148

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. The retail housing market data, released by Redfin at the end of June, shows the median asking price for newly listed homes for sale in the four weeks ending June 26 dropped 1.5%

Housing Market 434

Housing Market Buyers Marketing Retail 434

Empire Appraisal Group

DECEMBER 28, 2023

But the nation’s biggest home improvement retailer still topped expectations for the quarter. Sales at stores open at least a year, a key gauge of a retailer’s health, dropped 3.1%. NEW YORK – Home Depot sales continue to slide as Americans wrestle with persistent inflation and the company narrowed its outlook for the year. In the U.S.,

Home Improvement 78

Home Improvement Renovations Retail Real Estate 78

Housing Wire

APRIL 21, 2022

But it also makes sense given that their large-scale acquisition strategies could buckle under the logistical pressure of performing major renovations on hundreds or thousands of homes simultaneously. of retail home sales were to bulk buyers. Renovating Right. We’re taking a house and gutting it. All new components.

Investors 418

Investors Renovations Marketing Retail 418

Housing Wire

JANUARY 31, 2023

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. However, had said he kept his ears open for an opportunity to move over to Mann Mortgage, which closed construction and renovation loans in-house. In-house is key.

Mortgage 415

Mortgage Loan Officers Retail Finance 415

AmeriMac

NOVEMBER 30, 2023

Retail Centers Retail centers play a significant role in commercial property appraisals. It’s essential to work with an experienced commercial appraiser when appraising retail centers. To increase the value of your property before an appraisal, consider making improvements and renovations.

Appraisal 36

Appraisal Real Estate Appraisal Process Inspection 36

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 432

Inventory Renovations Supply Chain Buyers 432

Realtor

APRIL 14, 2021

. “Regardless of the economic environment and uncertain times, consumers will always have a need or desire to buy a home,” says Ann Thompson , retail sales executive of the West with Bank of America. “The best time to buy is when it makes sense in your life.”

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

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. A deeper dive into the data helps to explain this surprising result. I buy local.

Renovations 364

Renovations Investors Buyers Retail 364

Dart Appraisal

APRIL 30, 2021

Vacant land, retail, industrial, multi-family, etc. . Planned renovations? In addition, since an engagement letter is more informal than a full contract, it can be an excellent way to establish a written agreement where the parties would otherwise be reluctant to enter into a full contract. Are there existing improvements?

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

McKissock

JUNE 27, 2021

As retail stores shut down, many businesses had to move their products online. The pandemic also made some retailers consider having a backup stockpile of items. About the Author : Evelyn Long is the editor-in-chief of Renovated , an online resource for the real estate market. In 2020, Americans spent about $79.7 billion online.

Real Estate 59

Real Estate Investing Retail Tenants 59

Realtor

APRIL 14, 2021

. “Regardless of the economic environment and uncertain times, consumers will always have a need or desire to buy a home,” says Ann Thompson , retail sales executive of the West with Bank of America. “The best time to buy is when it makes sense in your life.”

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

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

AmeriMac

APRIL 30, 2024

Next, the appraiser will gather relevant information about the property, such as property records, tax assessments, and any available documentation on recent improvements or renovations. The income approach is commonly used for properties that generate rental income, such as office buildings, apartment complexes, or retail spaces.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

McKissock

SEPTEMBER 23, 2020

So instead of moving down the street to a shiny new property, they opt to move into a fully renovated apartment,” says Kristin Stanton, senior vice president of operations at Greensboro, North Carolina–based Bell Partner, says in an interview with Multi-Family Executive. In some of our communities we’ve upgraded the entire interior.

Property Management 98

Property Management Tenants Landlords Advertising 98

Houston Properties

MAY 24, 2021

Our neighborhood knowledge extends to lists of the best schools, top retail and dining spots, stunning parks, and detailed guides on each of the 6 independent villages. The CityCentre and the Memorial City Mall offer great retail and dining options. Plus 2 BONUS Sections: A home renovation checklist for homes that have been flooded.

Realtors 36

Realtors Sellers Valuation Renovations 36

The Robert Weiler Company

OCTOBER 21, 2022

Rent a section to retail establishments. Based on the size of your commercial property and budget, you may consider allocating an area of your property to retail establishments. Retail tenants can also attract more visitors (if they have outside entrances) and add a new revenue stream.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

APRIL 26, 2024

No detail has been spared in this thoughtful renovation, from the custom three-story open square-nosed European tread lightwell staircase to the wide plank Stuga white oak flooring, to the dramatic designer lighting fixtures throughout. retail residential mortgage applications, and has been conducted weekly since 1990. built in 2000.

Appraisal 75

Appraisal Real Estate Real Estate Agent Contracts 75