Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. Survey respondents cited high holding costs as another key stressor.

Investor 434

Investor Mortgages Renovation Loans 434

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. It will also be available in four new states, bringing the total to 10 with more planned for 2025. The new states are Arizona, Nevada, Oregon and Utah.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

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.

Design 435

Design Renovation Branding Development 435

Housing Wire

MARCH 20, 2025

The home-flipping industry saw investors shy away even more in 2024 amid the extended period of languishing profits. So, they will have to do some very smart buying and quick renovating to keep the profit rebound going. But a silver lining emerged as gross profits inched up to $72,000 per flip, up from $67,846 the previous year.

FHA loan 347

FHA loan Investor Finance Renovation 347

Housing Wire

FEBRUARY 6, 2025

The importance preparing yourself with non-QM options The mortgage industry is fickle. Luck and success favor the prepared and that fact remains in the mortgage industry. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. How can that benefit an originator?

Loans 343

Loans Mortgages Equity Construction 343

Housing Wire

FEBRUARY 20, 2025

“If you look at any of the industry’s measures of origination growth, particularly with respect to HELOC, I think we’re growing faster than everybody else,” Better founder and CEO Vishal Garg said in an interview with HousingWire. . ” How is it so fast?

Equity 332

Equity Investor Lending Renovation 332

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.

Brokerage 344

Brokerage Technology Agents Development 344

Housing Wire

NOVEMBER 4, 2021

The construction industry needs more than 61,000 new hires every month, if we are to keep up with both industry growth and the loss of workers either through retirement or simply leaving the sector for good,” said Home Builders Institute CEO Ed Brady. Top markets for affordable renovated housing inventory. wage of $49,000.

Construction 529

Construction Renovation New Construction Development 529

Housing Wire

SEPTEMBER 8, 2023

This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. It also uses Revive’s recommendation engine to offer renovation estimates supported by local contractors.

Agents 448

Agents Renovation MLS Technology 448

AAOA

MARCH 4, 2025

Preassembled cabinets have become fairly common within the cabinet industry but can be overlooked by the less experienced purchaser. Why Landlords, Property Managers, and Property Owners Should Take an Interest The industry is calling for updates. Preassembled kitchen cabinets are somewhat self-explanatory.

Renovation 94

Renovation Property Management Title As-is 94

Housing Wire

DECEMBER 20, 2024

Housing industry experts attribute this to the states restrictive zoning laws. There is also a demolition program, which helps communities and developers pay for the costs to renovate or tear down dilapidated structures and replace them with housing.

Construction 434

Construction Land Development New Construction 434

Housing Wire

MARCH 27, 2025

REimagineHome: Best overall AI virtual staging Starting price: $14/month REimagineHome is an AI-powered virtual staging app that has taken the real estate industry by storm. Its proprietary AI technology can also remove furniture, declutter listing photos and create realistic renderings of landscaping and exterior renovations.

Staging 329

Staging Design Technology Commercial 329

Housing Wire

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” .” Our success is driven by our exceptional team and an expansive product portfolio.

Lending 466

Lending New Construction Renovation Banks 466

Housing Wire

JANUARY 20, 2021

rushes to inoculate the current global health crisis, the real estate and mortgage finance industries are facing their second wave of significant industry headwinds in little over a decade. First, we need to standardize and digitize the regulatory infrastructure the entire industry relies upon. As the U.S.

Renovation 459

Renovation Industrial Development Land 459

Housing Wire

FEBRUARY 3, 2023

The past few years in the housing industry have been nothing short of unprecedented. HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases.

Renovation 397

Renovation Fixed-rate mortgage Equity Finance 397

Housing Wire

AUGUST 2, 2024

My extensive experience in the home services industry has shown me the incredible potential in building strong relationships between homeowners and home service providers,” Exuma founder Anthony Perera said in a statement. An AI assistant called Revana will provide personalized help with renovations, installations and maintenance.

Sales 448

Sales Renovation Staging Equity 448

Housing Wire

JUNE 21, 2024

Renovations have become a more prominent element in aging-in-place conversations in recent years, including for the reverse mortgage industry. In some cases, a reverse mortgage can be presented as an option to help pay for renovations. “Loneliness has long been linked to serious health conditions.”

Renovation 418

Renovation Mortgages As-is Industrial 418

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

Loans 435

Loans Renovation Construction Mortgages 435

Housing Wire

OCTOBER 5, 2023

These levels and their updates to 95% also apply equally to requirements for the standard, HomeReady and HomeStyle Renovation programs. Earlier this week, Fannie Mae released its October 2023 update to the Selling Guide aiming to reflect changes in the mortgage industry, its surrounding regulatory environment and Fannie Mae policy positions.

Loans 476

Loans Fixed-rate mortgage Principal Renovation 476

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.”

Renovation 435

Renovation Equity Mortgages Development 435

Housing Wire

MARCH 7, 2024

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. What sets us apart is not just these products, but how we come together, across different channels, to continuously innovate and refine them.

Lending 459

Lending Renovation Loans Mortgages 459

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. We have not been exempted from these market and capacity issues and we now have an operational backlog for renovations and closings.

Renovation 397

Renovation Construction Brokerage Agents 397

Housing Wire

JULY 27, 2022

PunchListUSA plans to use the funding to invest in proprietary technology to create instant repair and renovation estimates and open offices, which it aims to expand footprint to more than 30 markets through 2023. . ”We The platform currently holds a five-year exclusive agreement with Pillar to Post , one of the U.S.’s

Inspection 397

Inspection Renovation Equity Investor 397

Housing Wire

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We AscentDS product offerings will include short-term loans to acquire, renovate or build single-family and multifamily properties, as well as post-completion bridge financing.

Construction 459

Construction Development Loans Lending 459

Housing Wire

SEPTEMBER 9, 2024

The Texas-based lender is licensed in 26 states and provides 15-year and 30-year fixed mortgages, including government loans, 203 (k) renovation loans and reverse mortgages. Be My Neighbor will continue to operate under its brand led by co-founders Christopher Griffith, Isabel Williams and Nathan Knottingham.

Brokerage 458

Brokerage Mortgages Technology Branding 458

Housing Wire

MARCH 19, 2024

Lewisville, Texas-based property services company MCS announced last week that it acquired Five Brothers Asset Management Solutions , a deal which brings MCS into the reverse mortgage industry for the first time, according to an announcement by the company. Five Brothers, headquartered in Warren, Mich.,

Mortgages 448

Mortgages Principal Commercial Real-estate owned 448

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

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. Justin Land is Chief Executive Officer of Merchants.

Marketing 397

Marketing Investor Renovation Industrial 397

Housing Wire

MAY 12, 2021

The real estate industry is in a serious time crunch to get new housing stock together. I talked to a lot of industry professionals along the way and no one could explain the roadblocks to me. Construction has traditionally been slow to pick up new technology compared to other industries. Creating transparency.

Construction 482

Construction Technology Inspection Industrial 482

Housing Wire

JULY 16, 2024

President Joe Biden released a legislative proposal on Tuesday that’s rankling the real estate industry — nationwide rent control. Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. Housing industry organizations were quick to condemn Biden’s proposal.

New Construction 488

New Construction Construction Land Development 488

Housing Wire

DECEMBER 14, 2023

Tomb also noted that ALTA was troubled by the fact that Fannie Mae’s announcement came without any discussion with the title insurance industry. In an emailed statement, a Fannie Mae spokesperson wrote that the GSE is continuing to explore ways to improve housing affordability by reducing closing costs.

Title 466

Title Land Finance Loans 466

Housing Wire

JUNE 14, 2024

Bank statement HELOCs offer borrowers the flexibility to fund the endeavors that matter most to them, such as business ventures, home renovations, and other expenses. No matter what the market is like, you can turn industry innovation into a growth opportunity for your business.

Loans 448

Loans Banks Equity Renovation 448

Housing Wire

JULY 29, 2024

Marina Walsh, MBA’s vice president of industry analytics, explained that the low-level increase was due to a slowdown between application and closing. While home renovations made up 65% of total home equity lending volume in 2022, that share fell to 56% in 2023, according to the MBA data. Home equity lending in 2023 grew by only 1.5%

Equity 448

Equity Lending Loans Renovation 448

Housing Wire

DECEMBER 22, 2023

Anne’s leadership guided us through the uncertainties of the COVID-19 pandemic and to complete the renovations of our building—Terraces on Sir Tyler. Her impact will continue to encourage us to be exceptional stakeholders in our real estate industry.” She has successfully implemented new practices, initiatives, and programs.

Renovation 459

Renovation Industrial As-is Agents 459

Housing Wire

JULY 1, 2022

Most industry observers predicted that the national foreclosure rate would rise once foreclosure moratoriums ended on July 31, 2021. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? year-over-year to 2,410, the OCC found. decrease from the previous quarter.

Banks 397

Banks Mortgages Principal Renovation 397

Housing Wire

JANUARY 19, 2024

Renovations may provide some solutions, but it is also a solution with limits according to Rodney Harrell, VP for family, home and community at AARP. “We There are changes the housing industry can make. We don’t have enough homes that meet our aging needs,” Harrell told MarketWatch.

Renovation 482

Renovation Construction As-is Industrial 482

Housing Wire

MARCH 4, 2022

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. . compared to pre-COVID.

Residential 370

Residential Construction Renovation Industrial 370