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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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Most prospective buyers want turnkey homes, despite higher prices

Housing Wire

But survey data released Thursday by Bright MLS found that some standards were top priorities for some buyers. The Maryland-headquartered MLS conducted a survey in mid-December that included 700 prospective homebuyers who were renting or living with others. ranking bedroom count as the most important feature. and 35.6%, respectively.

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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. To succeed in renovating luxury homes, you need to understand what buyers want. Sounds too good to be true, right?

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Agents share dueling opinions on off-market listings

Housing Wire

Maybe theyre doing renovations and dont want showings yet. We tell them, If you want maximum exposure, we go on the MLS. If were serious about transparency and competition, the MLS should be the standard for everyone, he said. Thats why the MLS was created in the first place. It doesnt have to be shady.

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New NAR commission lawsuit, this time from home reno companies

Housing Wire

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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Portrait of a pre-foreclosure peacemaker

Housing Wire

The most powerful evidence of equity stripping shows up in subsequent resales (flips) of pre-foreclosure purchases that occur within 30 days of the original pre-foreclosure sale — indicating the pre-foreclosure buyer would have little time to add value to the property through renovation. I give them everything. Here are your options.

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Why real estate professionals must return to old-school thinking in 2025

Housing Wire

Additionally, with cooperative compensation removed from MLS systems, alongside the new requirement for buyer-agency agreements, agents must speak up and share their value clearly and confidently. For homeowners , stay top-of-mind by providing ongoing valuelike market insights or renovation adviceso they return when its time to sell.