Items Tagged with 'renovation'

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  • Renovation spending will slow in 2020 after record-setting year, Harvard report says

    Soft housing market will crimp demand for renovations
    While renovation spending rose to a record at the end of June and will reach a new high by the end of 2019, a slowdown is on the horizon. Americans spent $322 billion on remodeling and home repairs during the 12 months ending in June, a 6.8% jump from a year earlier, according to Harvard University’s Joint Center for Housing Studies. However, 2020 will be a different story.
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  • Baby Boomers creating "near-gridlock" by aging in place

    Boomers have become "a stick in the spokes" of the housing market, Chicago Tribune says
    Baby Boomers, the 75 million Americans born between 1946 and 1964, are clogging up the housing market, according to a Chicago Tribune story. Instead of moving to retirement communities, Baby Boomers are opting to age in place, keeping about 1.6 million houses off the market.
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  • Legendary Wall Street buyout firm KKR doubles down on house flipping

    Billionaires Henry Kravis and George Roberts bet big on "flip loans"
    Legendary Wall Street buyout firm KKR is doubling down on house flipping. The private equity firm run by billionaires Henry Kravis and George Roberts is putting another $250 million into Toorak Capital Partners, which buys short-term loans made to real estate investors who buy and flip houses.
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  • A very groovy renovation after Brady Bunch house escapes wrecking ball

    The iconic home will star in HGTV's "A Very Brady Renovation"
    HGTV called in its most famous renovation stars for the project. "Property Brothers" twins Drew and Jonathan Scott helped out, as did mother-daughter reno team Karen Laine and Mina Starsiak Hawk, hosts of "Good Bones." You’ll also see "Restored by the Fords" siblings Leanne and Steve Ford, Jasmine Roth of "Hidden Potential," and Lara Spencer of "Flea Market Flip."
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  • The HGTV effect: 60% of home shoppers are willing to renovate

    Inspired by seeing remodeling in "tidy" segments
    About 60% of people looking to buy a home are willing to consider a property that needs renovating as rising prices make it harder to afford a turnkey listing, according to Realtor.com. Most of them were inspired to take on the projects by watching TV home renovation shows on networks like HGTV, according to the report.
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  • Spotlight: Operation Renovation

    In order to obtain a reverse mortgage, a borrower must address any needed repairs to meet FHA standards. Here are some pointers from expert contractors fluent in this specific kind of compliant renovation. MARIA SCHULZE BAYSTATE INDEPENDENCE HOUSING GROUP When an individual applies for a reverse mortgage, the application must be approved by the FHA, which requires the home to meet specific health, safety and soundness standards. This can be problematic, as most homeowners applying for reverse mortgages do so because they are short on funds and often lack the money to address essential home repairs. Furthermore, many homes may
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