Housing Wire

JANUARY 9, 2025

This finding likely stems from an increase in renovation costs over the past three years, forcing some buyers to pursue costly financing sources to improve their homes. A study by online home improvement platform Houzz highlighted a 60% increase in renovation expenses between 2020 and 2023. More specifically, 56.1% Another 37.8%

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Housing Wire

JANUARY 23, 2024

Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging. Roughly half of millennial respondents (51%) expect to receive no inheritance.

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Housing Wire

JANUARY 27, 2025

But taking a longer-term look at a homes suitability to accommodate natural challenges that emerge later in life is also taking hold among homeowners seeking to start renovation projects, the report said. Members of the U.S. The Federal Reserve is poised to make a decision on where interest rates will go at its next meeting later this week.

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Housing Wire

OCTOBER 4, 2022

According to Joseph, homes needing renovation can be “daunting,” especially for first-time homebuyers looking for something that is turnkey. FHA understands that the loan limit, for example, does not reflect the current rising prices landscape and, in some cases, it does not cover the cost of renovations.

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Housing Wire

OCTOBER 24, 2024

“I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.” Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. There is nothing like that face to face.

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Housing Wire

NOVEMBER 26, 2024

To better accommodate their needs as they age, baby boomer homeowners will likely need to renovate their homes to more easily accomplish goals related to aging in place and living in a safer, more comfortable dwelling. But for those opting to age in place, the renovations will be needed for safety and comfort in older age, he added.

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Housing Wire

DECEMBER 17, 2024

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

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Housing Wire

MARCH 5, 2025

More renovations? While most of Shank’s book of business is tied to VA loans, he says he’s seeing an uptick in renovation loans across FHA and VA channels. So now that rates are dropping, a renovation loan will be in the 7% range. So now that rates are dropping, a renovation loan will be in the 7% range.

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Housing Wire

JANUARY 22, 2025

Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. The company will acquire tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding. The acquisition follows more than 30 made by Evernest since the company arrived on-scene in 2008.

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Housing Wire

JANUARY 27, 2025

Have a seat and buckle in. The real estate industry is already in a whirlwind and the year has barely kicked off. To put it simply, the industry appears to be in its rapid evolution era. What does this look like? Firstly, real estate professionals are facing an unyielding storm of new challenges. Dont waste it.

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Housing Wire

NOVEMBER 15, 2024

If the home you’re hoping to buy doesn’t have the accessibility you’re looking for, you’ll want to check with a contractor to see what kind of renovations are possible,” the story said. In most of our remodeling, we use a design technique called Universal Design,” said Brian Harvey, owner of Boston-area business Harvey Home Modifications.

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Housing Wire

NOVEMBER 22, 2024

These costs include mortgage payments, property taxes, insurance and utilities that must be paid while renovations are performed. Fix-and-flip lender Kiavi , in partnership with John Burns Research and Consulting , released its Q3 2024 fix-and-flip market report this week. Survey respondents cited high holding costs as another key stressor.

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Housing Wire

NOVEMBER 13, 2024

Making small accessibility improvements or renovations in the home can sometimes be the difference between remaining housed or becoming displaced, according to Erin Izen, executive director of the Home Depot Foundation. The new commitment furthers the foundation’s stated goal of reaching $750 million in investment activity.

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Housing Wire

JUNE 24, 2024

But a nonprofit organization in the Seattle area is seeking to help more seniors renovate their homes to age safely. The Seattle area is a hot housing market. According to Zillow , the average home price in the Emerald City is currently $884,828 , up 4.3% year over year. But the area is also seeing a different problem simultaneously.

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Housing Wire

FEBRUARY 27, 2025

A well-written property description also allows you to highlight aspects of the home that would not otherwise be readily available via MLS, such as a newly renovated kitchen or a brand-new septic system. Ill teach you how to write a real estate listing description, plus share some creative real estate listing description examples.

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Housing Wire

JULY 22, 2024

Department of Housing and Urban Development (HUD) on Monday announced a new $175 million notice of funding opportunity (NOFO) under its Continuum of Care (CoC) program, which will go toward the development of new rental housing units with “supportive services for people experiencing homelessness ,” the department explained.

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Housing Wire

MARCH 6, 2025

Supporting local jobs with “Full Renos “ Along with the prompt and premium property management he provides to tenants, Richards also takes pride in the extensive and high-quality renovations he does on newly acquired properties, most of which are in poor condition when he buys them.

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Housing Wire

OCTOBER 31, 2024

It “empowers financially secure homeowners to tap into their home equity for meaningful pursuits — be it renovating their living space, funding a child’s education or buying a second home,” she said. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender.

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Housing Wire

DECEMBER 9, 2024

And more than one-third of respondents (36%) said they cannot afford to make accessibility renovations on their home to better support their preferences. It also delved into the demographic trends behind aging-in-place goals and the costs that are often incurred by doing so.

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Housing Wire

DECEMBER 11, 2024

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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Housing Wire

DECEMBER 20, 2024

The states business-friendly regulations and tax policies have led to rapid population growth in recent years, including an estimated 16,000-person inflow from 2020 to 2022 alone. But as the states population has grown, its housing supply which was already beginning to tighten more than a decade ago has failed to keep pace. Its a big deal.

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Lighter Side of Real Estate

NOVEMBER 25, 2024

Thinking about a major home renovation? But if you’re thinking more along the lines of “five years, maybe less,” you might want to scale down those renovation dreams. Especially if it doesn’t make you more money on the sale of your home… 2) “ Will it improve the value of the home more than the cost of renovations?”

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Housing Wire

DECEMBER 9, 2024

The grant funds will be primarily deployed to bolster infrastructure, construction or renovation of community buildings, housing rehabilitation, land acquisition and economic development for the American Indian and Alaska Native populations. Department of Housing and Urban Development (HUD) on Monday announced the disbursement of $72.6

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Housing Wire

JANUARY 21, 2025

David Herron, whose late dementia-impacted mother signed what she thought was paperwork for home renovations from Diamond, never saw the promised work start. In the fallout of the sentencing, an organization in Illinois is seeking to codify a home preservation program for seniors into state law, according to reporting by CBS News.

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Housing Wire

DECEMBER 11, 2024

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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Housing Wire

MARCH 11, 2025

If the home doesnt already cater to senior living needs, then affordability challenges with renovations are an issue to overcome. This is according to a new survey from Point , a company that specializes in home equity investments. [O]lder However, these aspirations are often at odds with the realities of home readiness and affordability.

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HomeLight

OCTOBER 15, 2024

If you’re considering a home renovation , you’ve got company. In 2023, 51% of homeowners spent $25,000 or more on home renovations, with most of the renovations done on kitchens, bathrooms, heating and cooling systems, and outdoor security. Renovating? Input Address Who’s on your renovation dream team?

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Housing Wire

APRIL 1, 2025

Startups in the real estate technology space are pushing the boundaries of staging with photorealistic virtual renderings of homes; in-person and remote touring; innovative financing options; better home renovation; and fraud-mitigation to protect high dollar-value transactions, just to name a few areas. What accounts for this difference?

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Housing Wire

FEBRUARY 6, 2025

Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. Why is that important?

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Loans Mortgages Equity Construction 331

Housing Wire

MARCH 27, 2025

Its proprietary AI technology can also remove furniture, declutter listing photos and create realistic renderings of landscaping and exterior renovations. Is virtual staging finally ready for its close-up? We think it is. The images todays virtual staging companies can create using AI are shockingly realistic and, dare we say it, stylish.

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Housing Wire

JULY 5, 2024

A series of home healthcare, renovation and senior care experts offer tips on ways to begin in a column published by U.S. Bathrooms are a common target for renovations since it can be easy to slip and injure yourself if you have limited mobility; nonstick mats and additional rails and handles can help mitigate some of this risk.

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Renovation Loan Officer Technology Loans 482

Housing Wire

SEPTEMBER 11, 2024

This is according to an article published by Kiplinger , which took a closer look at the dynamics associated with the cost of living, and the kinds of renovations needed needed to facilitate aging in place versus another arrangement. But renovations can also be grander. Persistent staffing shortages are a major cost driver.

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Renovation Finance As-is Mortgages 468

Fancy Pants Homes

NOVEMBER 7, 2024

A two-story home in Hollywood Hills East, close to ritzy Los Feliz, recently landed on the market following a stellar renovation that upgraded its timeless architectural style for modern-day living. million renovation using Tim Campbell Studios for the architectural design.” Like Fancy Pants Homes’ content?

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Renovation Design Land Closing 98

AAOA

MARCH 4, 2025

Whether youre thinking of remodeling a single unit or a whole block of units, there is no better solution than preassembled kitchen countertops and cabinets. What are Preassembled Cabinets? Preassembled kitchen cabinets are somewhat self-explanatory. They are kitchen cabinets that are built/assembled as they leave the factory floor.

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Housing Wire

APRIL 1, 2025

That suit alleges that despite eXp publicly advertising that its agents may not act as contractors who provide home repair or renovation services on properties they represent since doing so would be a conflict of interest Featherston was allowed to serve in both roles in transactions she worked on with Ammann. The suit was filed in U.S.

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Agents Renovation As-is Sales 254

Housing Wire

NOVEMBER 4, 2021

Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction. wage of $49,000.

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Construction Renovation New Construction Development 529

Housing Wire

MAY 22, 2024

Some of the chains reporting increased renovation and modification activity include The Home Depot and Lowe’s , two of the largest home improvement retailers in the U.S. Some of the chains reporting increased renovation and modification activity include The Home Depot and Lowe’s , two of the largest home improvement retailers in the U.S.

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