Remove tag home-value
article thumbnail

‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. And the FDIC reported that home loans are the largest lending segment by dollar volume at more than 40% of community banks. FDIC), banks held $2.78 trillion in residential mortgage debt as of first-quarter 2023.

Banks 469
article thumbnail

DIY projects to increase your home value

Housing Wire

In the past year, there’s been an upturn in home improvement projects. According to a survey completed by Bid-On-Equipment, 89% of American homeowners made some sort of improvement to their homes during the pandemic. With so many American’s spending time at home, this really shouldn’t come as a surprise. Projects to avoid.

Banks 441
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 steps to choosing a home that will appreciate

Housing Wire

Due to low inventory, sellers are able to put their homes up at a higher rate. If you’re a buyer, you want to make sure you’re purchasing a home that’ll increase in value. If you’re a buyer, you want to make sure you’re purchasing a home that’ll increase in value.

article thumbnail

Your home appraisal came in lower than your offer – Now what?

Housing Wire

In today’s booming housing market, sellers have their pick of home offers. According to a study by Realtor.com , the median home listing price is up 15.6% Now, more than ever, sellers have a chance to get more money for their homes. How to negotiate your home purchase offer. compared to last year.

Loans 421
article thumbnail

What renovations will add value to my home?

Housing Wire

We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these days. It’s no secret that home improvements can be a costly endeavor. Areas Ripe for Renovation.

article thumbnail

5 tips to upgrade your real estate networking game

Housing Wire

The National Association of Realtors found that 68% of people who found their home through a real estate agent discovered that agent through referrals from their family or friends. Note-taking apps such as Evernote and OneNote are useful for creating individualized notes for each contact, which you can then tag for quick retrieval.

Agents 373
article thumbnail

HW+ Member Spotlight: Amanda Hill

Housing Wire

They had a young executive team who valued fresh ideas and were not afraid to train inexperienced novices like me. I learned the value of taking risks, not fearing change and learning from a collaborative team. Amanda Hill: There will be a lot of eyes on rising mortgage rates and inventory of available homes for sale.

Lending 335