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Mortgage rates fall after remarks by Fed President Waller

Housing Wire

The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. His statement on this, in a CNBC interview : If inflation continues on this path through the beginning of 2025, it’s reasonable to think that possibly rate cuts could happen in the first half of the year.” This w

Mortgage 412
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Record Number of Renters Struggle With Affordability

Appraisal Buzz

Affordability challenges for renters reached unprecedented levels in 2023, as the number of cost-burdened households hit a record high of 22.6 million, according to the latest data from the American Community Survey analyzed by the Harvard Joint Center for Housing Studies. Among these households, 12.1 million were severely burdened, spending more than 50% of their income on rent and utilities.

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Housing resources and help for victims of the LA fires

Housing Wire

Real estate and mortgage firms are stepping up to help housing professionals and the Southern California community as wildfires ravage the area. Here’s a roundup of the companies and people offering help, which will be updated with new information as it becomes available. Help for those in the community Coldwell Banker Realty in Southern California, which is affiliated with Anywhere , created a Facebook group page for its network to coordinate a wide variety of needs from short- and long-t

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Mortgage Digitalization 2.0: Moving Beyond Integrations

Appraisal Buzz

This article originally appeared in the January 2025 edition of MortgagePoint magazine, online now. In the modern mortgage industry, lenders are not just setting themselves apart on who has the best Super Bowl ad or the biggest branch footprint, but increasingly also on their approach to technology. Today, technology is driving differentiation across the customer experience, loan officer experience, and overall operational efficiency.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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Supreme Court denies NAR request to review DOJ case

Real Estate News

The decision is a blow for the association, which has spent years trying to prevent the Justice Department from reopening its investigation into NAR policies.

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RE/MAX taps Christie’s Real Estate vet Chris Lim as chief growth officer

Inman

Lim, who vacated the presidency of Christie's International Real Estate in 2023, will be tasked with growing RE/MAX at a time when the brokerage has struggled with falling revenue and U.S. agent count.

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December jobs report comes in stronger than expected

Housing Wire

While the unemployment rate was up compared to the start of the year, the job market ended the year up, with 256,000 jobs added to the economy in December according to data released Friday by the U.S. Bureau of Labor Statistics (BLS). Unemployment finished the year at a rate of 4.1%, down from 4.2% the month prior. The unemployment rate has hovered at 4.1% or 4.2% for the past seven months.

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More Renters Fearing Scams in Tight Housing Market

Appraisal Buzz

As the housing market grows more competitive, rental scams are adding financial and emotional strain to renters nationwide. According to Rentlys Rental Scams and Fraud Report , 93% of U.S. renters believe scams are common, and 90% worry about falling victim themselves. The survey, conducted by Pollfish, underscores the growing crisis and calls for stronger fraud prevention measures.

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Housing Market Decoded: Why Fed cuts haven’t kept mortgage rates down

Real Estate News

When the Fed lowers interest rates, a drop in mortgage rates often follows but recently, the opposite has happened. Heres why.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Builder Confidence Edges Up Even as Market Risk Concerns Rise

Eyes on Housing

Builder sentiment edged higher to begin the year on hopes for an improved economic growth and regulatory environment. At the same time, builders expressed concerns over building material tariffs and costs and a larger government deficit that would put upward pressure on inflation and mortgage rates. Builder confidence in the market for newly built single-family.

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Track the week’s C-Suite shuffles: The Download

Inman

Some of the real estate industry's biggest names made major moves over the past few days. Here's who's in and who's out.

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California agents scramble to help clients affected by LA wildfires

Real Estate News

As the fires rage on, some agents are working on the front lines to help displaced residents facing big losses while navigating scarcity and price-gouging.

Agents 289
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Single-Family Permits Up in November 2024  

Eyes on Housing

Over the first eleven months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 912,910. On a year-over-year (YoY) basis, this is an increase of 8.2% over the November 2023 level of 843,654. Year-to-date ending in November, single-family permits were up in all four regions. The range of permit increases spanned.

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Cyberbacker CEO arrested for giving 8-year-old son edibles

Inman

Former Keller Williams team leader and virtual assistant company CEO Craig Goodliffe is facing child endangerment and intoxication charges after officers found nine boxes of marijuana in his home.

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Home-price growth ramped up in Q4, Fannie Mae report shows

Housing Wire

Fannie Mae ‘s latest Home Price Index (HPI) shows single-family home prices increased 5.8% from Q4 2023 to Q4 2024, a surprising increase from the previous quarter’s downwardly revised annual growth rate of 5.4%. Quarterly, home prices rose a seasonally adjusted 1.7% in Q4 2024, an increase from the downwardly revised 1.2% growth rate in Q3 2024.

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Property Tax Hikes Strike Once-Affordable States

Appraisal Buzz

Homeowners enjoying the equity gains of soaring property values are now contending with an unwelcome consequence: skyrocketing property taxes. Over the past few years, property tax payments have climbed sharply in many regions, particularly in states once regarded as affordable. This surge reflects a broader challenge of housing affordability as costs continue to rise.

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Housing supply and demand could shift dramatically in 10 years

Real Estate News

Population growth is slowing, which means fewer new households and fewer new homes needed. But immigration is still a wild card.

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Residential Construction Inputs Price Growth Slows in 2024

Eyes on Housing

Prices for inputs to new residential constructionexcluding capital investment, labor, and importswere unchanged in December according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. This index grew 0.8% over 2024, the lowest yearly increase in the index since its inception in 2014. The inputs to the.

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What not to post: 9 common social media pitfalls to avoid

Inman

Social media is a powerful tool for real estate agents, but knowing what not to post is just as important as knowing what to share. Expert Jessi Healey outlines the top mistakes to avoid, from posting too much to ignoring comments, so you can maintain a polished, professional and trustworthy online presence.

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How do you put a price on the wildfire damage in LA?

Housing Wire

Youre bound to find variability in the total cost estimates related to the damage and destruction caused by the wildfires in Southern California , but some of the variations are exacerbated by what is included versus what is excluded in these estimates. According to CoreLogic , the total damage cost estimate for the Los Angeles wildfires as it relates to insured properties is currently at $30 billion.

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Housing Trends Face Seasonal Slowdown

Appraisal Buzz

According to Realtor.com s December Monthly Housing Trends Report, the number of properties for sale increased by 22.0% in December 2024 when compared to the same period the previous year. Among the top 50 U.S. metro areas, Miami (45.4%), San Diego (42.4%), and Denver (41.9%) had the biggest annual rise in active listings. Inventory of homes actively for sale grew for the 14th straight month.

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What buyers are looking for in their next home

Real Estate News

In a recent survey, would-be buyers were most interested in finding a turnkey home close to work, but they're willing to compromise on some features.

Buyers 229
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2025 Forecast: Digital Tools Every Construction Business Needs

GoForrmz

Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 trillion by 2030, driven by technological advancements and increased demand for infrastructure. Yet, despite this growth, up from $7.28 trillion in 2021, many construction businesses still struggle with outdated, paper-based processes that slow productivity and create compliance risks.

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How real estate turns commission trauma into strategic wisdom

Inman

As the industry continues to evolve, the ability to convert market trauma into strategic wisdom will separate the next generation of leaders from those who remain trapped in reactive cycles, marketing strategist Molly McKinley writes.

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More home sellers but fewer home sales

Housing Wire

There were 45,000 new listings for single-family homes across the country this week, which is a big jump. That’s 12% more sellers than a year ago. This is the trend that will be the theme for 2025. It seems more sellers are coming out every week and that will keep inventory pushing upward. Mortgage rates pushed this week close to 7.25%. Its only two weeks into January and mortgage rates have hit the high end of the range we forecasted for the entire year.

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More Than One-Third of U.S. Homeowners Say They Will Never Sell Their Home

Appraisal Buzz

Because the cost of housing has soared, more than one-third (34%) of U.S. homeowners say theyll never sell their home, and another 27% say they wouldnt consider selling for at least 10 years, a survey conducted by Redfin shows. Roughly one-quarter (24%) of homebuyers plan to sell in five to 10 years, while just 8% plan to sell in three to five years and 7% within the next three years, according to the survey conducted for the technology-powered real estate brokerage.

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Layoffs at Redfin, Zillow

Real Estate News

The Seattle-based companies confirmed the cuts. Redfin said no agents were among the 46 staff affected; Zillow didn't disclose how many employees were let go.

Agents 228
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Florida Leads for Best Place to Retire

Empire Appraisal Group

Florida Leads for Best Place to Retire Source: [link] U.S. News & World Report named three Florida cities to its 2025 Best Places to Retire in the U.S. top 10 list and another seven Florida cities to the top 20. WASHINGTON Three Florida cities landed in the top 10 of U.S. News & World Reports 2025 Best Places to Retire in the United States based on how well they meet American retirees’ expectations, with measures including happiness, affordability, health care, desirability, retir

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ADUs take center stage as Los Angeles housing goes up in smoke

Inman

As wildfires rage across California, destroying over 9,000 homes and displacing thousands of residents, accessory dwelling units (ADUs) have emerged as a critical housing solution five years after being approved in Los Angeles.ADUs, also known as granny flats, in-law apartments, or casitas, are independent living spaces attached to or located on the same property as single-family homes.

Law 155
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How to become a real estate broker & launch a brokerage — Advice from a KW mega broker

Housing Wire

When I started my first brokerage in my late twenties, I was full of ambition but had no idea what to expect. While I would like to say I knocked it out of the park on my first try, I had to make many mistakes before considering myself an expert. Despite the learning curve, becoming a broker has been one of the most fulfilling decisions of my career.

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The American Dream of Homeownership Lives On

Appraisal Buzz

The American Dream is alive and thriving, according to a new survey from Realtor.com , which found nearly two out of three Americans (64%) identify homeownership as one of their life goals, while 50% believe homeownership is necessary to achieving long-term wealth. Laura Eddy, VP Research and Insights for Realtor.com , said, Home, and land, ownership has been a part of the American Dream for generations, and while current conditions around affordability and the availability of homes make ownersh

Buyers 389
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Mortgage rates soar following strong jobs report

Real Estate News

The employment data is good news for workers, but it means the Federal Reserve is unlikely to cut rates later this month, keeping borrowing costs elevated.

Mortgage 227