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%

MLS 418

MLS Renovation Finance Marketing 418

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.

Renovation 523

Renovation Development As-is Industrial 523

Housing Wire

JULY 1, 2021

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. Despite this, there are some renovations that are worth their price tags.

Renovation 448

Renovation Inspection As-is Design 448

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.

Industrial 393

Industrial Renovation Design As-is 393

Housing Wire

MAY 10, 2021

announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3% billion in renovation loans — compared to $51.6

Renovation 397

Renovation Finance Loans Lending 397

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.

Renovation 418

Renovation Loans Development Industrial 418

Housing Wire

JUNE 8, 2021

Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3% The post Regions Bank places $1B bet on home renovation market appeared first on HousingWire. EnerBank, a Utah-based subsidiary of publicly traded CMS Energy , has loan balances totaling $2.8

Banks 448

Banks Renovation Marketing Lending 448

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.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

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.

Renovation 395

Renovation Technology Finance As-is 395

Keeping Current Matters

MARCH 18, 2021

However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Spending costly time and money on renovations before you sell might just mean you’ll miss your key window of opportunity. There aren’t enough homes for sale right now.

Renovation 337

Renovation Sales As-is Agents 337

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.

Loans 396

Loans Mortgages Finance Lending 396

Housing Wire

FEBRUARY 26, 2021

Try one of these renovations: More for Real Estate Enthusiasts. Four renovations to consider before selling your house. If you’re not up to funding any major renovations at the moment, there are smaller changes you can make to reduce your risk in the event of a natural disaster. 5 reasons to refinance your mortgage right now.

Renovation 412

Renovation Design Branding As-is 412

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.

Renovation 387

Renovation Agents MLS Equity 387

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.

Property Management 396

Property Management Investor Lending Renovation 396

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.

Technology 397

Technology Renovation Agents Industrial 397

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.

Design 435

Design Renovation Branding Development 435

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.

Renovation 349

Renovation Investor Property Management Development 349

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.

Investor 434

Investor Mortgages Renovation Loans 434

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.

Equity 317

Equity Renovation As-is 317

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.

Technology 370

Technology Renovation Construction Development 370

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.

Renovation 396

Renovation Construction As-is Mortgages 396

Housing Wire

FEBRUARY 8, 2022

In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I

Renovation 370

Renovation Development Banks Sales 370

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.

Construction 473

Construction Renovation Principal Development 473

Keeping Current Matters

OCTOBER 13, 2021

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The difference in the cost of a renovation versus a purchase. If you decide to renovate, you’ll need to refinance (or take out an equity loan) to access the equity.

Renovation 326

Renovation Equity Mortgages Design 326

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.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

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.

Renovation 275

Renovation MLS Agents As-is 275

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.

Renovation 370

Renovation Closing As-is Marketing 370

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

Principal 370

Principal Land Development Renovation 370

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.

Mortgages 370

Mortgages Renovation Loans As-is 370

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.

Renovation 284

Renovation MLS Agents As-is 284

Keeping Current Matters

AUGUST 12, 2021

They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. If you’re a seller trying to decide whether or not to renovate, this is especially important because it’s indicative of buyer behavior. Not all renovation projects are equal. Bottom Line.

Renovation 310

Renovation Design Sales Marketing 310

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.

Renovation 94

Renovation Property Management Title As-is 94

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?

Loans 343

Loans Mortgages Equity Construction 343

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.

Renovation 482

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.

Renovation 468

Renovation Finance As-is Mortgages 468

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.

Construction 529

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.

Renovation 459

Renovation Equity Design Branding 459