Housing Wire

JULY 24, 2024

But sometimes the cost of renovations can exceed the amount of cash that a retiree has access to, particularly for the majority of older Americans living on fixed incomes and relying on benefit programs like Social Security. More drastic renovations can double or even triple that figure.

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Housing Wire

AUGUST 19, 2024

According to public record tax assessor data, all four are now also owner-occupied “I’m trying to establish our community again,” Morgan said, noting the extensive renovations he does before reselling the homes to retail buyers. I’m trying to make homes in certain areas livable again. I can’t just be a part of that problem.

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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. NMLS #412915.

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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

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Housing Wire

DECEMBER 26, 2024

In his filing, Ammann claims that eXp publicly advertises that its agent s may not act as contractors providing home repair or renovation services on properties they represent, as doing so would be a conflict of interest. The plaintiff is representing himself pro se.

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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. in 2021 to $433 billion. The space remains dominated by depository banks. billion in volume in 2020.

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Banks Renovation Marketing Lending 447

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

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

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

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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. And a state property tax relief program recently raised its maximum income threshold to allow more Puget Sound-area seniors to qualify.

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Renovation Construction As-is Mortgages 395

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

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

SEPTEMBER 9, 2024

Presale renovation firm Revive has made its artificial intelligence -powered property valuation tool available to everyone, according to an announcement on Thursday. The tool provides homeowners with actionable reports, allowing them to make informed renovation and selling decisions.

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Renovation Agents Marketing Finance 448

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.

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MLS Renovation Finance Marketing 418

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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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.

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Renovation Finance As-is Mortgages 468

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.

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Agents Renovation MLS Technology 448

Inman

SEPTEMBER 26, 2024

Two companies in the pre-sale home renovation business, BOSSCAT and HouseAmp, agree to work together to streamline services.

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Housing Wire

APRIL 20, 2021

After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Snover said that few real estate agents suggest that buyers purchase a home with a renovation loan, sometimes because they are unfamiliar with the process — which has its complexities.

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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.”

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Renovation Equity Mortgages Development 435

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. Presented by: Auction.com.

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Construction Renovation New Construction Development 529

Housing Wire

JUNE 27, 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.

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Mortgages Staging Renovation Loans 531

Housing Wire

MAY 28, 2021

Four renovations to consider before selling your house. A turnkey home is a property that doesn’t require any major repairs or renovations. Renovations are also time-consuming. A homebuyer’s guide to a competitive housing market. How much house can you afford to buy? Buying a house that needs work? Projects to avoid.

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Renovation Agents Marketing 508

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. This means that renovations of existing homes are likely to become more necessary as time goes on.

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Housing Wire

AUGUST 27, 2024

The 203(k) program allows for the inclusion of repair or renovation costs within a single mortgage to purchase or refinance a home. The “standard” option is for substantial repairs, while the “limited” option is for more minor repairs or renovations. Department of Housing and Urban Development (HUD).

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Loans Renovation Principal Finance 448

Housing Wire

AUGUST 27, 2021

Renovations Can Be Beneficial. Renovations might make you feel better about putting your home on the market one day. Average cost: $26,214 Average resale value: $18,927 Cost recouped: 72.2%. Sliding Replacement. Average cost: $19,626 Average resale value: $13,618 Cost recouped: 69. that falls under “capital improvements.” Bottom Line.

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Renovation Equity Loans Closing 459

Housing Wire

FEBRUARY 3, 2023

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. Additionally, 65% of the total respondents are currently planning or have plans to renovate their homes within the next two years.

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Renovation Fixed-rate mortgage Equity Finance 397

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters.

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Housing Wire

MAY 14, 2021

And while price matters, it’s easier to renovate a home than pick up and move it to another city. After all, the older the home the more you might have to pay in renovations or general upkeep. Before buying a home, consider the location. Make sure you’re considering the home’s location prior to making an offer. The Age Of The House.

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Renovation As-is Closing Marketing 508

Housing Wire

NOVEMBER 14, 2023

Homes that are not visually appealing may not get attention from Gen Z, so agents should help these buyers see the renovating and redecorating possibilities to match their personal aesthetic. Easy renovations are key For spaces that might not be immediately appealing, Gen Z wants those that can be easily renovated.

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Renovation Technology Design Agents 514

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 renovations would be on a budget, however. The agency has already sent both the proposed rules to Congress for review.

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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.”

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Renovation Mortgages As-is Industrial 418

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

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Renovation Construction Development Finance 476

Housing Wire

MARCH 2, 2021

Four renovations to consider before selling your house. If you have the finances to do so, consider making some light renovations before selling your home. More for Real Estate Enthusiasts. 5 reasons to refinance your mortgage right now. Here’s how to get an instant offer on your home. Make Sure You Clean The House.

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Renovation Finance As-is Mortgages 514

Housing Wire

FEBRUARY 6, 2024

Costs for renovation projects can vary based on factors such as location, job size and condition of the home. “People are usually remodeling their homes every 10, 15, 20 years. So making certain — especially when you hit your 50s and 60s — that you remodel it […] does make it easier as you get older to stay home.”

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Renovation As-is Marketing 476

Housing Wire

SEPTEMBER 17, 2024

Curbio, a home renovation startup that specializes in pre-sale work, has agreed to settle fraud allegations made by the Office of the Attorney General for the District of Columbia. The AG also accused the company of acting as an unlicensed lender and performing subpar renovations. As part of the settlement, Curbio agreed to pay $7.5

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Renovation Equity Agents Sales 434

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.

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Lending New Construction Banks Renovation 465