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Younger generations are more likely to pursue home renovations this year

Housing Wire

But most still have plans to purse home renovations and younger generations are leading this new focus on home improvement. Emmy Award-winning home improvement platform This Old House conducted a survey of 2,000 homeowners on their renovation plans for 2025. But renovation plans remained top of mind for most of them.

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How two sisters closed $40 million in 2024 “vibe flipping” LA homes

Housing Wire

They find aesthetically challenged homes in coveted LA neighborhoods, crunch the numbers, hire interior designers to renovate them so they look good on Instagram and then list and sell them for a tidy profit. They closed nearly $40 million in volume in 2024, vibe flipping luxury homes. Sounds too good to be true, right?

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The best real estate closing gifts for 2025

Housing Wire

Real estate closing gifts personalize and ultimately strengthen the relationship between you and your client, which can lead to a string of referrals. We curated some standout closing gift ideas for buyers and sellers and assembled this guide to help you navigate the closing gift process.

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Most prospective buyers want turnkey homes, despite higher prices

Housing Wire

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. and 35.6%, respectively.

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Finance of America now offers renovation loans

Housing Wire

announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Meanwhile, we make it easier to secure quick financing approvals so the contractor or vendor gets the customer approved, the deal closed, and they can move on to the next project.”.

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Regions Bank places $1B bet on home renovation market

Housing Wire

Regions’ acquisition of EnerBank from CMS is expected to close in the fourth quarter of 2021. Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3% Bank of America followed closely with 17,056 home improvement loans worth $2.39 in 2021 to $433 billion.

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Maryland-based Anchor Home joins Compass

Housing Wire

Collectively, the group brings more than $400 million in career sales and 500-plus closed transactions across Maryland markets, including Annapolis and Severna Park. Anchor Home specializes in high-end residential sales, staging, new construction consultations and renovation strategies. Their average listing price is $1.7