Housing Wire

JANUARY 9, 2025

This finding likely stems from an increase in renovation costs over the past three years, forcing some buyers to pursue costly financing sources to improve their homes. A study by online home improvement platform Houzz highlighted a 60% increase in renovation expenses between 2020 and 2023. More specifically, 56.1% Another 37.8%

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MLS Renovation Finance Marketing 397

Housing Wire

APRIL 4, 2025

Citing concerns about renovation needs, associated costs and even ugliness, the U.S. The outlet previously reported that the costs of renovating the aging complex could top $500 million. Department of Housing and Urban Development (HUD) is reportedly ramping up its discussions about relocating its headquarters in Washington, D.C.,

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Renovation Land Construction Development 340

Housing Wire

JANUARY 27, 2025

But taking a longer-term look at a homes suitability to accommodate natural challenges that emerge later in life is also taking hold among homeowners seeking to start renovation projects, the report said. Members of the U.S. The Federal Reserve is poised to make a decision on where interest rates will go at its next meeting later this week.

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Industrial Renovation Design As-is 363

Housing Wire

OCTOBER 24, 2024

“I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.” Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. There is nothing like that face to face.

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Bankruptcy Equity Hard money loan Finance 421

Housing Wire

MAY 20, 2025

Anchor Home specializes in high-end residential sales, staging, new construction consultations and renovation strategies. She also serves on the board of Rebuilding Together , a nonprofit that supports critical home renovations for neighbors in need. Their average listing price is $1.7 million, according to Compass.

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New Construction Renovation Principal Construction 308

Housing Wire

NOVEMBER 26, 2024

To better accommodate their needs as they age, baby boomer homeowners will likely need to renovate their homes to more easily accomplish goals related to aging in place and living in a safer, more comfortable dwelling. But for those opting to age in place, the renovations will be needed for safety and comfort in older age, he added.

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Renovation Technology Finance As-is 370

Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

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Loans Mortgages Finance Lending 378

Housing Wire

JANUARY 27, 2025

Have a seat and buckle in. The real estate industry is already in a whirlwind and the year has barely kicked off. To put it simply, the industry appears to be in its rapid evolution era. What does this look like? Firstly, real estate professionals are facing an unyielding storm of new challenges. Dont waste it.

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Technology Renovation Industrial Agents 384

Housing Wire

APRIL 25, 2025

But the university researchers are developing an app that can visualize someones home and make recommendations for certain renovations that would make it easier to remain in the home for longer. It is part of the Home Is Where We Age project and is funded by the Tommy G. Thompson Center on Public Leadership and the UW-Madison Graduate School.

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Renovation Technology Development As-is 346

Housing Wire

JANUARY 22, 2025

Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. The company will acquire tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding. The acquisition follows more than 30 made by Evernest since the company arrived on-scene in 2008.

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Property Management Investor Lending Renovation 373

Housing Wire

NOVEMBER 15, 2024

If the home you’re hoping to buy doesn’t have the accessibility you’re looking for, you’ll want to check with a contractor to see what kind of renovations are possible,” the story said. In most of our remodeling, we use a design technique called Universal Design,” said Brian Harvey, owner of Boston-area business Harvey Home Modifications.

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Design Renovation Branding Development 409

Housing Wire

MAY 5, 2025

Thats why its important to weigh the cost of such renovations versus other options, including finding a home that may already be well-suited for living in later life. Preferences for aging in place are well-documented among older Americans, but there are some factors that should be considered carefully. Ask yourself, is my home aging ready?

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Renovation As-is Agents 395

Housing Wire

NOVEMBER 13, 2024

Making small accessibility improvements or renovations in the home can sometimes be the difference between remaining housed or becoming displaced, according to Erin Izen, executive director of the Home Depot Foundation. The new commitment furthers the foundation’s stated goal of reaching $750 million in investment activity.

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Technology Renovation Construction Development 370

Housing Wire

NOVEMBER 22, 2024

These costs include mortgage payments, property taxes, insurance and utilities that must be paid while renovations are performed. Fix-and-flip lender Kiavi , in partnership with John Burns Research and Consulting , released its Q3 2024 fix-and-flip market report this week. Survey respondents cited high holding costs as another key stressor.

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Investor Mortgages Renovation Loans 399

Housing Wire

MAY 12, 2025

In Austin, the market dynamics have turned in favor of well-located, renovated older homes. They had all been renovated and were in good proximity to the tech companies, bars and restaurants. The trend reflects a long-term slowdown in new home construction and growing affordability challenges. Only 9% of homes in the U.S.

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Construction Renovation Inspection Agents 321

Housing Wire

MARCH 5, 2025

More renovations? While most of Shank’s book of business is tied to VA loans, he says he’s seeing an uptick in renovation loans across FHA and VA channels. So now that rates are dropping, a renovation loan will be in the 7% range. So now that rates are dropping, a renovation loan will be in the 7% range.

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Loan Officer Loans VA loan FHA loan 257

Housing Wire

JUNE 24, 2024

But a nonprofit organization in the Seattle area is seeking to help more seniors renovate their homes to age safely. The Seattle area is a hot housing market. According to Zillow , the average home price in the Emerald City is currently $884,828 , up 4.3% year over year. But the area is also seeing a different problem simultaneously.

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Renovation Construction As-is Mortgages 374

Lighter Side of Real Estate

NOVEMBER 25, 2024

Thinking about a major home renovation? But if you’re thinking more along the lines of “five years, maybe less,” you might want to scale down those renovation dreams. Especially if it doesn’t make you more money on the sale of your home… 2) “ Will it improve the value of the home more than the cost of renovations?”

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Renovation Branding Construction As-is 108

Housing Wire

DECEMBER 9, 2024

And more than one-third of respondents (36%) said they cannot afford to make accessibility renovations on their home to better support their preferences. It also delved into the demographic trends behind aging-in-place goals and the costs that are often incurred by doing so.

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Renovation Closing As-is Marketing 369

Housing Wire

DECEMBER 12, 2024

By definition, most distressed properties sold at auction are in need of substantial renovations. Furthermore, these distressed buyers are often local community developers whose success depends on accurately predicting the retail market in the three to six months it takes them to renovate a property.

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Marketing Renovation Banks Mortgages 370

Housing Wire

MAY 15, 2025

Larger-scale renovations can also be helpful including adding handrails or bars in a bathroom or hallways; smoothing flooring to reduce the potential for falls; and accessibility renovations like roll-in tubs or widening doorways to accommodate wheelchairs.

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Renovation Finance As-is 254

Housing Wire

MARCH 6, 2025

Supporting local jobs with “Full Renos “ Along with the prompt and premium property management he provides to tenants, Richards also takes pride in the extensive and high-quality renovations he does on newly acquired properties, most of which are in poor condition when he buys them.

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Renovation Investor Property Management Development 343

Housing Wire

OCTOBER 23, 2024

By offering higher LTVs without charging mortgage insurance, UWM aims to attract more borrowers, including those who need to consolidate student and medical debt or renovate their homes, for example. UWM has debuted a new cash-out refi product without mortgage insurance. Is the juice worth the squeeze? However, “There’s no free lunch.

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Equity Loans Mortgages Loan Officer 421

Housing Wire

FEBRUARY 27, 2025

A well-written property description also allows you to highlight aspects of the home that would not otherwise be readily available via MLS, such as a newly renovated kitchen or a brand-new septic system. Ill teach you how to write a real estate listing description, plus share some creative real estate listing description examples.

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Renovation Agents MLS Equity 343

Housing Wire

JULY 22, 2024

Department of Housing and Urban Development (HUD) on Monday announced a new $175 million notice of funding opportunity (NOFO) under its Continuum of Care (CoC) program, which will go toward the development of new rental housing units with “supportive services for people experiencing homelessness ,” the department explained.

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Construction Renovation Principal Development 431

Housing Wire

DECEMBER 9, 2024

The grant funds will be primarily deployed to bolster infrastructure, construction or renovation of community buildings, housing rehabilitation, land acquisition and economic development for the American Indian and Alaska Native populations. Department of Housing and Urban Development (HUD) on Monday announced the disbursement of $72.6

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Principal Land Development Renovation 368

Housing Wire

OCTOBER 31, 2024

It “empowers financially secure homeowners to tap into their home equity for meaningful pursuits — be it renovating their living space, funding a child’s education or buying a second home,” she said. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender.

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Mortgages Equity Loan Officer Loans 404

Housing Wire

JANUARY 21, 2025

David Herron, whose late dementia-impacted mother signed what she thought was paperwork for home renovations from Diamond, never saw the promised work start. In the fallout of the sentencing, an organization in Illinois is seeking to codify a home preservation program for seniors into state law, according to reporting by CBS News.

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Mortgages Renovation Loans As-is 369

Housing Wire

MAY 22, 2025

It offers home renovation assistance designed to improve safety, accessibility, and functionality for older adults within their own homes, reducing the need for relocation to nursing homes or assisted living facilities. In Iowa ‘s most populous county, that support has arrived. of the population. Its a win-win.

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Due diligence Renovation Design Equity 293

Housing Wire

DECEMBER 20, 2024

The states business-friendly regulations and tax policies have led to rapid population growth in recent years, including an estimated 16,000-person inflow from 2020 to 2022 alone. But as the states population has grown, its housing supply which was already beginning to tighten more than a decade ago has failed to keep pace. Its a big deal.

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Construction Land Development New Construction 402

Housing Wire

DECEMBER 11, 2024

On Tuesday, two Ohio -based companies that specialize in the acquisition, renovation and management of distressed real estate properties in Northeast Ohio, Abandoned Homes Project Scattered Site I LLC and Scattered Site II LLC., The suit is not seeking class action status, and the plaintiffs made no demands for injunctive relief.

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Renovation MLS Agents As-is 247

Lighter Side of Real Estate

JUNE 6, 2025

Renovating a home can be an adventure. For others, it’s the start of a multi-month saga involving uncontrollable delays, budget explosions, and a fine layer of drywall dust that may linger until your next renovation project. 1 point) 7) You watch home renovation shows to… Pick up tips on how to renovate like the pros. (3

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Renovation Equity Construction Design 108

Housing Wire

DECEMBER 11, 2024

On Tuesday, two Ohio -based companies that specialize in the acquisition, renovation and management of distressed real estate properties in Northeast Ohio, Abandoned Homes Project Scattered Site I LLC and Scattered Site II LLC., The suit is not seeking class action status, and the plaintiffs made no demands for injunctive relief.

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Renovation MLS Agents As-is 277

Housing Wire

NOVEMBER 1, 2024

According to Davis, rising home prices have led homeowners to tap into their equity for purposes such as debt consolidation , home renovation and student loan repayment. Investors, meanwhile, are leveraging the option to expand their property portfolios. Its closed-end second-lien product goes up to $500,000 with an 80% LTV cap.

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Equity Debt-to-income ratio Mortgages Investor 376

Housing Wire

NOVEMBER 13, 2024

With increased equity available due to higher home prices, homeowners are turning to home equity products to renovate their existing homes or pay off high-interest credit card debt using their equity. According to ICE’s Mortgage Monitor , tappable home equity has grown by $5.5

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Equity Lending Loans Renovation 369

HomeLight

OCTOBER 15, 2024

If you’re considering a home renovation , you’ve got company. In 2023, 51% of homeowners spent $25,000 or more on home renovations, with most of the renovations done on kitchens, bathrooms, heating and cooling systems, and outdoor security. Renovating? Input Address Who’s on your renovation dream team?

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Renovation Sales Inspection Design 111

Housing Wire

MAY 12, 2025

Instead, these people are renovating or making improvements by tapping into their equity. Homeowners are cashing out to renovate as mentioned, but real estate investors are purchasing older homes to rehab and sell or rent out. They want to keep that rate intact and have made the decision not to move. Homes across the U.S trillion.

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Loans Investor Renovation Equity 279