article thumbnail

SFR and fix-and-flip investors expect a better market in 2024

Housing Wire

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We That should help to unlock more inventory while also reducing financing costs for leveraged investors. billion that closed. billion hit the market.

Investor 428
article thumbnail

SEC claims Angel Oak Capital Advisors deceived investors

Housing Wire

Securities and Exchange Commission (SEC) alleging that the company misled investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans. Shortly after the [securitization] deal closed, loan delinquency rates increased unexpectedly,” the SEC alleges. has agreed to pay $1.75

Investor 329
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Biden’s Neighborhood Homes proposal impacts real estate investors

Housing Wire

Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My The average distressed property price was 63.6% of the 2021 estimated market value.

Investor 456
article thumbnail

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

Housing Wire

“It’s oddly enough in states where people are leaving,” said Florida-based real estate investor Paul Lizell of the markets where he is more focused on acquiring investment properties in 2024. Most properties that sell at foreclosure and REO auctions are in need of major renovations, far from being in fully repaired condition.

Marketing 423
article thumbnail

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. Benefits of Virtual Renovation Cost-Efficiency : Reduces the risk of costly mistakes. Steps to Virtual Renovation 1.

article thumbnail

Finance of America to go public before IPO window closes

Housing Wire

To coincide with the IPO, institutional investors have pledged to make a private investment of $250 million in the company. Two weeks ago, the firm launched a home improvement vertical with the $45 million acquisition of Renovate America ‘s Benji business line. The valuation at the time of the IPO is expected to be $1.9

Finance 257
article thumbnail

Change Lending to join Federal Home Loan Bank of San Francisco

Housing Wire

The transaction is expected to close in May. “We Change Lending’s services include small-business loans and lines of credit, investor real estate loans, rehab loans and renovation loans, according to its website. The Treasury Department renewed the certification in February following a settlement agreement in November 2023.

Lending 341