Housing Wire

FEBRUARY 3, 2023

The past few years in the housing industry have been nothing short of unprecedented. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

Renovation 388

Renovation Fixed-rate mortgage Equity Finance 388

Housing Wire

NOVEMBER 4, 2021

The construction industry needs more than 61,000 new hires every month, if we are to keep up with both industry growth and the loss of workers either through retirement or simply leaving the sector for good,” said Home Builders Institute CEO Ed Brady. Top markets for affordable renovated housing inventory. wage of $49,000.

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Construction Renovation New Construction Development 528

Housing Wire

JULY 29, 2024

Marina Walsh, MBA’s vice president of industry analytics, explained that the low-level increase was due to a slowdown between application and closing. While home renovations made up 65% of total home equity lending volume in 2022, that share fell to 56% in 2023, according to the MBA data. Home equity lending in 2023 grew by only 1.5%

Equity 429

Equity Lending Loans Renovation 429

BAM Media

JUNE 19, 2024

If you are a real estate agent utilizing social media as a lead generation source, you should be documenting real-life home renovations. Showcasing the Process One of the most significant benefits of documenting home renovations is the ability to show the step-by-step process. People love seeing the overhaul from start to finish.

Renovation 52

Renovation Inspection Staging Agents 52

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 528

Loans Finance Renovation Equity 528

Realty Biz

SEPTEMBER 11, 2023

Introducing Revive Vision AI, a cutting-edge pre-sale home renovation solution by Revive. This innovative tool uses property photos to evaluate a property's current value and renovation possibilities. This innovative tool uses property photos to evaluate a property's current value and renovation possibilities.

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Renovation Sales Technology Industrial 94

Housing Wire

JUNE 14, 2024

Bank statement HELOCs offer borrowers the flexibility to fund the endeavors that matter most to them, such as business ventures, home renovations, and other expenses. Record-high home prices and elevated interest rates have weighed down mortgage markets. Housing sales have slowed due to waning supply and record-high prices.

Loans 430

Loans Banks Equity Development 430

Housing Wire

OCTOBER 23, 2024

United Wholesale Mortgage (UWM) has the mortgage industry abuzz over its latest product, a higher-risk, cash-out refinance at a time of economic uncertainty. UWM has debuted a new cash-out refi product without mortgage insurance. Is the juice worth the squeeze? Loan amounts, however, cannot exceed conforming limits.

Equity 430

Equity Loans Mortgages Loan Officer 430

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

Loans 417

Loans Renovation Construction Mortgages 417

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. It will also be available in four new states, bringing the total to 10 with more planned for 2025. The new states are Arizona, Nevada, Oregon and Utah.

Mortgages 242

Mortgages Equity Loan Officer Loans 242

Housing Wire

JULY 16, 2024

President Joe Biden released a legislative proposal on Tuesday that’s rankling the real estate industry — nationwide rent control. Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. Housing industry organizations were quick to condemn Biden’s proposal.

New Construction 475

New Construction Construction Land Development 475

Housing Wire

DECEMBER 22, 2023

Anne’s leadership guided us through the uncertainties of the COVID-19 pandemic and to complete the renovations of our building—Terraces on Sir Tyler. Her impact will continue to encourage us to be exceptional stakeholders in our real estate industry.” 2, 2024, according to an announcement on Thursday. 31, 2023. “We’re

Renovation 441

Renovation Industrial As-is Agents 441

Realty Biz

JULY 14, 2023

When renovating and repositioning your property, here are nine strategies to generate more interest and keep your rentals full. Renovating vs. Repositioning: What's the Difference? Even new landlords are familiar with the concept of renovating a property. Sometimes it results from economic changes.

Renovation 77

Renovation Commercial As-is Investor 77

Housing Wire

OCTOBER 23, 2024

Are there any improvements or renovations you’ve done to the home?” Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Successful listing agents know that the key to securing a listing is preparation. Will there be anyone else involved in the sale?”

Agents 416

Agents MLS Design As-is 416

Realty Biz

AUGUST 25, 2023

Renovations have long been a staple in the world of design and improvement, breathing new life into spaces that have grown tired or outdated. However, in recent years, the art of renovation has evolved significantly. Enter contractors – the modern heroes of renovation who have revolutionized the way we approach remodeling projects.

Renovation 75

Renovation Design Commercial As-is 75

Housing Wire

DECEMBER 14, 2023

Tomb also noted that ALTA was troubled by the fact that Fannie Mae’s announcement came without any discussion with the title insurance industry. Fannie Mae first announced that it would accept loans secured with an AOL in lieu of title insurance in limited circumstance in April 2022.

Title 449

Title Land Finance Loans 449

Housing Wire

JULY 5, 2024

Florida Senate Bill SB-770 authorizes local and county authorities within the state to create financing programs for home and other property renovations, which can include energy efficiency upgrades or renewable energy installations funded through non-value based assessments of a property.

Loans 417

Loans Finance Residential Renovation 417

BAM Media

MAY 25, 2024

Every homeowner should have at least some idea of the ROI of any big-ticket home renovation project. Clay DeKorne Zonda’s chief editor Hotter returns compared to last year Compared with last year’s data, 2024 is experiencing a surge in a number of renovation project values. Read on for the highlights.

Renovation 52

Renovation Principal Equity Agents 52

Housing Wire

NOVEMBER 30, 2023

Nine months after requesting input from the industry, the Federal Housing Administration (FHA) issued a proposal on Wednesday to enhance its rehabilitation program. After receiving the industry’s feedback, the FHA proposes that the maximum costs for the program’s limited version increase from $35,000 to $50,000.

Inspection 460

Inspection Finance Renovation Loans 460

Realty Biz

NOVEMBER 11, 2022

the leading platform for home remodeling and design, including the all-in-one software solution for industry professionals. Among those planning to start renovations in the next 12 months, 67% want to stay in their current home/lot rather than buy a new home that fits their current needs.

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Renovation Design Industrial Branding 86

BAM Media

JUNE 2, 2024

Also, in 2018, the entire home was “fully renovated and expanded,” according to Zillow. Dawn McKenna Coldwell Banker Realty For industry news, edutainment, and humor, sign up for the best newsletter on the planet for real estate agents. Email Subscribe The post Renovated Home Alone House is Listed for $5.25 Grab a pillow.

Renovation 52

Renovation Land Sales As-is 52

Lab Coat Agents

DECEMBER 6, 2023

His recent collaboration with BoxBrownie.com in transforming a Hollywood Hills property serves as a testament to the transformative power of virtual renovation and staging in the real estate market. He ensured that potential buyers were aware of the virtual nature of the renovation.

Renovation 52

Renovation Sales Staging Design 52

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. Who is eligible?

VA loan 451

VA loan Loans Mortgages Lending 451

Housing Wire

OCTOBER 18, 2021

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. billion in unsold home inventory.

Renovation 388

Renovation Construction Brokerage Agents 388

Real Trends

MARCH 7, 2023

Presale home renovation company Revive Real Estate partnered with independent real estate franchise NextHome to provide move-in ready homes to clients of more than 5,500 NextHome agents in 610 offices across 48 states, the companies announced on Tuesday. The company claims that listed renovated homes sell faster than those that are not.

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Renovation Brokerage Sales Construction 80

Housing Wire

JANUARY 20, 2021

rushes to inoculate the current global health crisis, the real estate and mortgage finance industries are facing their second wave of significant industry headwinds in little over a decade. First, we need to standardize and digitize the regulatory infrastructure the entire industry relies upon. As the U.S. In essence, the U.S.

Renovation 441

Renovation Industrial Development Land 441

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? Fannie Mae recently projected originations for 2023 at $1.59

Renovation 475

Renovation Sales Investor Mortgages 475

Housing Wire

APRIL 18, 2023

While home inspection is regarded as one of the traditional analogy industries, the platform uses proprietary technology and property data to deliver home repair, renovation and lifecycle services through process automation and direct integration, according to its website.

Inspection 370

Inspection Technology Investor Development 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. This is according to reporting from The Providence Journal.

Mortgages 441

Mortgages Finance Lending Equity 441

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). The volume of HELOC loans declined by 17% to $60.1 billion in Q4 2021. rebranded as Rithm Capital ).

Equity 368

Equity Lending Finance Loans 368

Housing Wire

OCTOBER 10, 2023

When making pre-listing repairs or renovations, different projects can result in vastly different returns. Remodels are structural renovations that make homes more livable and require more labor, resources, and money to complete than refresh projects. We’ve all witnessed the housing market slowdown that has occurred over the last year.

Agents 468

Agents Renovation Inspection Construction 468

Housing Wire

MARCH 4, 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. . After mixed results in January , the U.S.

Residential 370

Residential Construction Renovation Industrial 370

RIS Media

APRIL 11, 2022

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. DIY expert and licensed contractor Beth Allen shares six common kitchen renovation ideas with the biggest investment return.

Renovation 98

Renovation Staging Branding As-is 98

Housing Wire

APRIL 23, 2024

Amid a higher rate environment when refinances are scarce, Martell said that loanDepot sees opportunities in other products, such as renovation loans and home equity lines of credit (HELOCs). loanDepot recorded a non-GAAP adjusted net loss of $142.4 million in 2023, smaller than its $457.6 million loss in 2022. Speed is critical. ”

Mortgages 418

Mortgages Technology Renovation Loans 418

Housing Wire

JULY 3, 2023

billion in Q1 2022 (which was roughly in line with industry peers). billion in Q1 2022 (which was roughly in line with industry peers). The target client base for PrimeLending is first-time homebuyers, as the entire industry is struggling to overcome the lock-in effect. billion, a 54% decline from $3.76 Nearly 92% of U.S.

Loan Officer 370

Loan Officer Marketing Pre-approval Fixed-rate mortgage 370

Point2Homes

SEPTEMBER 1, 2020

After reaching record highs in 2019, Canadian spending on home renovations declined drastically in the early days of the COVID-19 pandemic. With this in mind, many businesses in the home improvement market assumed 2020 would be another big year for their industry. Pandemic-Induced Home Renovations.

Renovation 91

Renovation Equity Banks As-is 91

Realtor.com

NOVEMBER 10, 2022

On the contrary, it’s full steam ahead: More than a third (37%) proudly say they’ve finished a home renovation project in 2022, with half of this cohort saying they’ll start hammering away on new upgrades starting next year. The top challenges renovating today. is over 40 years,” says Sargsyan.

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Renovation Design Technology As-is 81