Housing Wire
OCTOBER 10, 2024
In response, some consumers have turned to renovation projects to meet their needs. The market for renovation projects is a lucrative one for homebuilders and contractors. The Clever survey found that 85% of respondents spent at least $10,000 on renovations in 2023, including 48% who spent at least $50,000.
Housing Wire
DECEMBER 17, 2024
The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology.
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Housing Wire
MARCH 5, 2025
According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024. The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. More renovations?
Housing Wire
MAY 7, 2025
homeowners are increasingly choosing to renovate rather than relocate and many are doing so under financial and emotional strain, according to a newly released nationwide survey. A report released by Block Renovation , based on responses from more than 1,000 homeowners, paints a detailed picture of the home renovation experience in 2025.
Housing Wire
FEBRUARY 6, 2025
In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Finance a loan, and you may lose money.
Housing Wire
MAY 12, 2025
In this conversation, Davis breaks down the surge in demand for second liens, DSCR loans, and alternative income documentation and why originators who lean in now are setting themselves up for long-term success. Instead, these people are renovating or making improvements by tapping into their equity. Homes across the U.S trillion.
Housing Wire
FEBRUARY 11, 2025
But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli. Consumers also said they were willing to tackle renovation costs if it meant achieving homeownership, according to the survey.
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