Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

Finance 501

Finance Construction Loans Renovation 501

Housing Wire

JUNE 1, 2021

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price.

Title search 516

Title search Title Renovation Investor 516

Housing Wire

MAY 24, 2024

Prior to joining Movement Mortgage, Thompson served as the senior vice president and regional sales manager at PrimeLending , where he oversaw $1 billion in annual retail volume across the Texas markets of Houston, Austin, San Antonio and Laredo. I align perfectly with Movement’s core conviction of existing to love and value people.”

Mortgages 448

Mortgages Loan Officer Renovation Loans 448

Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. In conjunction with Biden’s proposal, the Bureau of Land Management (BLM) announced it will open a public comment period on the sale of 38 acres of public land in Nevada for the purpose of affordable housing construction.

New Construction 488

New Construction Construction Land Development 488

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. This synergy allows Planet to offer unparalleled operational support to its sales professionals, along with no hidden overlays and some of the industry’s best turn times.”

Lending 459

Lending Renovation Loans Mortgages 459

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. Instead, they’ll be seeking to renovate their homes.”. He hit a record $2.47 Rates would average 5.2%

Loans 435

Loans Renovation Construction Mortgages 435

Housing Wire

NOVEMBER 21, 2023

Shamrock ‘s chief growth officer Kurt Noyce and president Rod Correia will lead the team of sales and support professionals, which will remain in their current locations. Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others. year over year.

Loan Officer 448

Loan Officer Lending Loans Finance 448

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.” In 2019 the number was 200,000.

Renovation 435

Renovation Equity Mortgages Development 435

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. trillion — with sales of new homes rising in dominance. Fannie Mae recently projected originations for 2023 at $1.59

Renovation 488

Renovation Sales Investor Mortgages 488

Housing Wire

DECEMBER 5, 2024

In contrast, the average sales price of new site-built, single-family homes (excluding land) rose by 37.66% over the same period,” the study explained. Despite the long-term trend of rising prices, however, the average sale price of a new manufactured home fell between 2022 and 2023. The average price of a manufactured home in the U.S.

Land lease 418

Land lease Land Renovation Construction 418

Housing Wire

JANUARY 3, 2024

million over that period to acquire 52 units and renovate several of its 50 existing units. million bond to purchase property to construct affordable housing for teachers and staff. Homebuilders also tend to build where it’s most cost-effective and faster, which means new construction tends to be concentrated in the Sun Belt.

Construction 488

Construction New Construction Renovation Mortgages 488

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

Construction 370

Construction Residential MLS Renovation 370

Housing Wire

DECEMBER 2, 2020

For-sale inventory is at record lows. Construction is starting to pick up, so that should help alleviate things in the housing market. Four renovations to consider before selling your house. According to the latest Census data, there’s just a 3.6-month month supply of homes nationally — the third-lowest figure on record.

Marketing 488

Marketing Renovation Construction Mortgages 488

Housing Wire

APRIL 27, 2021

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. The record sales numbers of last fall have now been eclipsed by a story of free falling inventory.

Equity 370

Equity Renovation Construction Investor 370

Housing Wire

OCTOBER 10, 2023

When making pre-listing repairs or renovations, different projects can result in vastly different returns. These days, buyers want move-in ready homes – they don’t want to face huge construction projects before they can get settled. Because of this, a dated kitchen can turn buyers away and cause a house to sit on the market for longer.

Agents 482

Agents Renovation Inspection Construction 482

Housing Wire

APRIL 20, 2022

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project.

Loans 397

Loans Lending Construction Banks 397

Housing Wire

JANUARY 31, 2023

The decision left more than 400 employees without a job, and Miller had two urgent tasks — to find a lender that would close his clients’ loans in the pipeline and would also help him close more sales in an industry that is projected to further downsize. “I For an independent mortgage bank, they did 192 construction loans in-house last year.

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

Housing Wire

JANUARY 14, 2025

Professionals in the industry, which are generally small businesses structured in the form of an LLC, deliver quality homes to end-buyers at competitive prices or rents, with their profit derived from the value added by repositioning or improving the home prior to sale or lease. million homes and growing. million homes and growing.

Marketing 397

Marketing Investor Renovation Industrial 397

Housing Wire

NOVEMBER 25, 2020

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. counties with at least 10 online REO auction sales through the first 10 months of 2020. The average sales price for REO properties sold so far in 2020 in Comanche County was $28,240 — just $20.10

Investor 545

Investor Marketing Renovation New Construction 545

Housing Wire

MARCH 26, 2024

The inventory shortage — in addition to high financing costs tied to elevated interest rates and related inflation for construction expenses — led to a nearly 30% decline in home flips in 2023, according to real estate data firm Attom. In 2023, the landscape for home flipping across the U.S. million households formed each year.”

Investor 482

Investor Marketing Construction Loans 482

Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

Lending 370

Lending Banks Technology New Construction 370

Housing Wire

MARCH 28, 2022

And, while iBuyers still only account for less than 1% of total home sales, they are a transformative force that is taking hold of the opportunity to eat into the real estate market, which in the U.S. For this strategy to work, iBuyers need to know all the elements of a sale beforehand to price out the purchase.

Marketing 397

Marketing Title Closing costs Technology 397

Housing Wire

FEBRUARY 8, 2024

To begin with, his reputation for excellence is ironclad: over a decade of experience as a real estate broker and over $300,000,000 in total sales. In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals.

Agents 435

Agents Design Construction Branding 435

Housing Wire

JULY 17, 2023

VR market research provides agents with a realistic and interactive platform to test property designs, explore potential renovations and assess the impact of various factors on buyer perception. Fortunately, VR provides a cost-effective alternative by allowing agents to stage listings for sale without incurring additional expenses.

Technology 365

Technology Staging Development Agents 365

Lighter Side of Real Estate

FEBRUARY 26, 2025

sale price premium. But with todays financing rates and inflation driving up renovation costs, that strategy isnt always as cost-effective as it used to be. But if you’re considering one, its important to approach it with a realistic renovation budget, and an understanding that costs can change quickly.

Renovation 83

Renovation Finance Construction As-is 83

Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

New Construction 126

New Construction Construction Development Renovation 126

Brownstoner

FEBRUARY 10, 2025

The green construction fence came down and for a short while the future Herms store could be seen in (almost) all its naked glory on the corner of North 6th and Berry Street in Williamsburg. More recently green netting has gone up on top of molded plastic barriers.

Sales 75

Sales Construction Renovation 75

HomeLight

OCTOBER 31, 2024

’ HomeLight provides cash offers for homes in almost any condition through our Simple Sale platform. Poor construction: Foundations not built to handle local soil types or climate conditions can become unstable. Skip Foundation Repairs With a Cash Offer Foundation problems can be expensive to fix.

Inspection 111

Inspection Renovation Construction As-is 111

Realtor.com

NOVEMBER 9, 2022

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

New Construction 123

New Construction Construction Loans Design 123

Housing Wire

OCTOBER 10, 2023

A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends. However, it may be helpful to add short descriptions like “renovated” or “XL terrace” to show unique features of the properties you’ve included in a “Notes” section at the end of your CMA report.

Marketing 435

Marketing Agents Closing Renovation 435

Real Trends

MARCH 7, 2023

Presale home renovation company Revive Real Estate partnered with independent real estate franchise NextHome to provide move-in ready homes to clients of more than 5,500 NextHome agents in 610 offices across 48 states, the companies announced on Tuesday. The company claims that listed renovated homes sell faster than those that are not.

Renovation 85

Renovation Brokerage Sales Construction 85

Housing Wire

JANUARY 6, 2023

Have you hit the $1 billion sales volume? Connie Kim: Are you doing all these deals by yourself or do you have a team that helps with sales? Chris Gallo: We’re a local lender that’s been around for over 30 years helping people buy, helping people refinance with construction loans, whatever it may be. That’s it.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes. Getty Images. Getty Images.

New Construction 110

New Construction Construction VA loan Finance 110

Realty Biz

AUGUST 3, 2023

In recent years, virtual renovation has emerged as a groundbreaking tool that allows homeowners, designers, and contractors to visualize and plan home renovation projects in a virtual space. It combines the benefits of cutting-edge technology with practical application in home remodeling and construction.

Renovation 79

Renovation Pre-approval Investor Construction 79

Housing Wire

FEBRUARY 8, 2022

Loans for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes are not eligible. Kroll Bond Ratings Agency , in a January 2022 pre-sale report, said they gave a “broad valuation haircut” to all loan pools with appraisal waivers.

Loans 370

Loans Principal Mortgages Industrial 370

Housing Wire

SEPTEMBER 22, 2022

This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. The reality is sales opportunities will be fewer for the foreseeable future. During the past 18 months — when refis were low-hanging fruit — the LO closed around $3 million a month.

Mortgages 397

Mortgages Loan Officer Loans Equity 397

Housing Wire

OCTOBER 17, 2023

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. That estimate includes only homes built by builders and held for rent.

Investor 448

Investor Finance Loans Renovation 448