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Distressed homeowners have a new path to avoid foreclosure

Housing Wire

Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. SmartSale allows homeowners to sell their homes through direct offers from buyers or an auction process.

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As Valentine’s Day approaches, a dating app for homeowners is arriving

Housing Wire

As the month of love commences and Valentine’s Day is just around the corner, the phrase “building a future together” has never been more relevant as a new dating app designated for homeowners is about to hit app stores. The app is open to homeowners who live in the U.S.

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Climate risk is rising. It calls for a rethinking of home insurance coverage

Housing Wire

It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks. Climate change is increasing the intensity and severity of natural disasters.

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California will require home insurers to offer policies in high-risk wildfire areas

Housing Wire

The California Department of Insurance unveiled a new regulation this week that aims to increase homeowners insurance coverage in areas prone to wildfires , a response to the recent pullback in policies by several major insurers. The number of policies under the FAIR Plan more than doubled from 2020 to 2024, according to the AP.

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As insurance costs rise, Florida homeowners are given a new option

Housing Wire

Florida is reckoning with a severe homeowners insurance crisis. The recent surge in both the frequency and intensity of hurricanes that have battered the state has prompted numerous insurers and reinsurers to exit the market , leaving Florida homeowners grappling with skyrocketing premiums and limited coverage options.

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Renovation loans get pandemic boost as homeowners want home offices

Housing Wire

Vexed by work-from-home arrangements owing to the COVID-19 pandemic, homeowners are taking the long view and rethinking floor plans. Homeowners are serious about dedicating room for work. The post Renovation loans get pandemic boost as homeowners want home offices appeared first on HousingWire. Already a member?

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Remodeling industry could benefit from focus on aging in place

Housing Wire

This is according to a report at Kitchen & Bath Design News , based on a quarterly gauge of market conditions compiled by one of the outlets sister publications.