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Renovation projects remain popular, but homeowners often need help paying for them

Housing Wire

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.

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Homeowners say high costs, emotional stress are influencing renovation projects

Housing Wire

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.

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Homebuyers say they are willing to accept longer mortgage terms

Housing Wire

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

Housing Wire

Beyond that, technology continues to evolve, yet those solutions do little to streamline processes and deliver actual returns. Professionals should also leverage technology to give clients the best experience for the biggest decision of their lives. But to execute at scale will require support from cutting-edge technology applications.

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Maryland-based Anchor Home joins Compass

Housing Wire

Anchor Home specializes in high-end residential sales, staging, new construction consultations and renovation strategies. We made the move to Compass because we were intrigued by the technology and drawn to the culture and it delivered on both fronts, Chino said. Their average listing price is $1.7 million, according to Compass.

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HouseAmp, Renovation Sells seek to streamline the presale process

Housing Wire

What do you get when you combine home renovation specialists with a lender that can provide funds in short order? The new partnership between HouseAmp and Renovation Sells. The technology companies will tether their respective services with the goal of streamlining the process of getting a home ready for sale.

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Augmented reality mobile app could assist with aging in place

Housing Wire

As technology becomes an increasingly important part of life for people across the spectrum of age, a new mobile application being developed by researchers at the University of Wisconsin -Madison aims to add augmented reality to the tools for those seeking to age in place.