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Compass, Chapter partner on home renovations

Housing Wire

Compass has entered into a partnership with renovation firm Chapter to integrate design and remodeling services into the home buying and selling processes across markets in New York, Florida, Connecticut and New Jersey. A 5% discount on renovation work completed through Chapter is also being offered.

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Miami homeowner sues eXp for fraud over renovation

Housing Wire

In his filing, Ammann claims that eXp publicly advertises that its agent s may not act as contractors providing home repair or renovation services on properties they represent, as doing so would be a conflict of interest. The plaintiff is representing himself pro se. eXp did not return a request for comment.

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Julie Kheyfets on home renovation trends: Demand is approaching 2022 levels

Housing Wire

In this week’s episode of the Top of Mind podcast , host Mike Simonsen is joined by Block Renovation CEO Julie Kheyfets. The duo explore current and upcoming trends in the home renovation market. To start the conversation, Simonsen and Kheyfets dive into what Block Renovation offers to homebuyers.

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Homebuyers say they are willing to accept longer mortgage terms

Housing Wire

Consumers also said they were willing to tackle renovation costs if it meant achieving homeownership, according to the survey. RESimpli found that 80% of respondents are open to purchasing a home that requires significant renovation. Younger homeowners are more likely to pursue renovations, despite rising renovation costs.

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Primary suites, kitchens, roofing lead remodel impact report

Housing Wire

Replacing a front door with a new steel model saw a 100% cost recovery rate, while closet renovations (83%) and new fiberglass front doors (80%) also offered significant returns, according to estimates from remodeling professionals. In contrast, the projects with the strongest cost recovery were more modest in scale.

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Portrait of a pre-foreclosure peacemaker

Housing Wire

As you get closer to that (foreclosure) sale date, your options are limited … If you’re going to call me three days prior to sale date, your options are going to be very limited.” Those purchasing with cash — more than 40% of the 10,000 pre-foreclosure sales analyzed — bought at an average discount of 25%. Here are your options.

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Fix-and-flip investors say they’re discouraged by higher mortgage rates, home prices

Housing Wire

The report — which included a survey of 700 home flippers — showed a decrease in the sentiment index as 17% of home flippers reported “poor sales relative to seasonal norms” from July through September. These costs include mortgage payments, property taxes, insurance and utilities that must be paid while renovations are performed.