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Planet Home Lending hires Doug Long to expand its retail branch network 

Housing Wire

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said.

Lending 431
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How to Use Virtual Renovation to Renovate a Home

Realty Biz

In recent years, virtual renovation has emerged as a groundbreaking tool that allows homeowners, designers, and contractors to visualize and plan home renovation projects in a virtual space. It combines the benefits of cutting-edge technology with practical application in home remodeling and construction.

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Zillow calls timeout on iBuying, but competitors won’t

Housing Wire

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. We have not been exempted from these market and capacity issues and we now have an operational backlog for renovations and closings. construction workers.

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6 Home Renovation Mistakes Most People Make During the Winter

Realtor.com

Getty Images Renovating a home, no matter the time of year, can be equal parts exciting and overwhelming. However, renovating in the winter may come with its own set of additional issues. Exterior renovations are especially risky during the colder months since the ground at your construction site can be slippery and wet.

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Off-the-grid deals: Distressed property trends and market insights

Housing Wire

Data from Auction.com , which accounts for close to half of all foreclosure auctions nationwide, shows foreclosure auction volume in the first quarter of 2024 was at 49% of its Q1 2020 level — or 51% below its Q1 2020 level. That investor was willing to lose money on the deal just to keep his construction crew busy. “I in Q1 2023.

Marketing 450
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How top LOs plan to beat the odds in 2023

Housing Wire

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

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Skilled labor is returning to homebuilding

Housing Wire

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. gap in the level of employment compared to February 2020, and at this pace, the gap could be closed in three months.”. in January.