Joel Berner, a senior economist at Realtor.com, said renovated homes still catch buyers’ attention, but financing the cost of those improvements at today’s rates is less appealing to price-sensitive shoppers.
Homeowners said in a recent Hometap survey that traditional home equity solutions do not fit their needs and they are looking for more flexible finance options.
The CFPB adjusted the appraisal exemption threshold; Velocity Financial agreed to sell UPB of non-performing loans and entered a third-party servicing mandate.