Appraisal Buzz

JUNE 27, 2024

decline in pending home sales, according to the National Association of REALTORS. Economic Forecast NAR projects that even with the Federal Reserve’s reduction in the Fed Funds rate, mortgage rates will still be higher than 6% in 2024 and 2025. million in 2024 and from 2024 to 4.92 May saw a 2.1% million in 2023 to 4.26

Contracts 419

Contracts Inventory Buyers Mortgage 419

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% Washington, D.C.

Realtors 400

Realtors Agents Brokerage Inventory 400

Housing Wire

MARCH 4, 2024

housing market, HousingWire has partnered with Illinois Realtors , bringing exclusive news, market data and housing research to the 50,000 Illinois Realtors that power the state’s real estate market. In our dedication to providing the full picture to housing professionals across the U.S.

Realtors 359

Realtors Real Estate Housing Market Brokerage 359

Housing Wire

JULY 1, 2024

HousingWire is excited to announce the winners of the 2024 Women of Influence award, recognizing 100 women who are shaping and propelling the housing economy forward with their impressive achievements. This year marks the 15th year of this award program. Congratulations to this year’s honorees!

Realty 447

Realty Real Estate Chief Valuation Officer Technology 447

Housing Wire

DECEMBER 13, 2023

Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as those rates will undoubtedly impact sales, prices and construction as well. Mortgage rates The experts unanimously foresee lower mortgage rates in 2024, although none expect rates to fall below 6%. million to 5.07

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Inventory Construction Mortgage Buyers 474

Housing Wire

APRIL 1, 2024

HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state. Our vision is a world in which housing leaders have a complete view of the housing market, and a broad community of peers with whom they can connect.

Realtors 361

Realtors Brokerage Tools Inventory 361

Housing Wire

FEBRUARY 9, 2024

Our comprehensive guide to the best real estate marketing tools provides you with a helpful assortment of easy-to-use, effective marketing products to turn your business into a revenue engine in 2024. We know — you didn’t get into real estate for the love of marketing or tech.

Real Estate 415

Real Estate Tools Marketing Real Estate Agent 415

Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. Existing-home sales will end 2024 at 4.6 by the year’s end.

Buyers 434

Buyers Housing Market Sellers Inventory 434

Housing Wire

JULY 3, 2024

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. In 2024, that number has plummeted to 1.8% , the lowest level ever.

Housing Market 325

Housing Market Marketing New Listings Contracts 325

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. One of the critical data lines that I want to see improve this year is days on market. million and 6.16

Housing Market 538

Housing Market Marketing Inventory Sellers 538

Housing Wire

DECEMBER 29, 2023

“The new home market has been extraordinary in 2023, and I think heading into 2024, we’re going to have the golden age of new home construction,” David O’Reilly, CEO of Howard Hughes , said in a recent CNBC interview. Let’s look at the new construction forecast for 2024. Dietz estimates that the U.S.

Construction 436

Construction Supply Chain Inventory Housing Market 436

Housing Wire

APRIL 24, 2024

Congratulations to the 2024 Rising Stars! Rising Stars have impressive professional momentum, and are building reputations for driving growth and change while making those around them better. Take a look below to see this year’s list of honorees. Name Job Title Company Name A.T.

Real Estate 438

Real Estate Realty Project Management Realtors 438

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

Real Estate 467

Real Estate Inventory Sellers Realtors 467

Housing Wire

JANUARY 29, 2024

While most Realtors will die on the hill that staging should never be cut out of the home selling strategy, this year it’s even more important. Simply put, cutting corners on staging is a risky move that risks prolonged market presence. Overall, in 2024, cutting corners on staging is a risk that sellers cannot afford to take.

Realtors 430

Realtors Buyers Decorating Agents 430

Housing Wire

JANUARY 19, 2024

home price appreciation in the first half of 2024, with a rising risk that appreciation will dip back into negative territory. The risk of a double dip in home price appreciation varies substantially by market, even among some markets in the same region and state. Which local markets are at risk? was down from 59.2%

Retail 398

Retail Marketing Realtors Real Estate 398

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. Overall, the Midwest, the Great Lakes and the South regions will get a lot of attention in 2024, according to Zillow ’s study.

Housing Market 389

Housing Market Marketing Logistics Real Estate 389

Housing Wire

JULY 24, 2024

The real estate market has witnessed significant fluctuations over the years, and the accompanying challenges for real estate agents can offer valuable insights and opportunities. This collapse not only devastated the housing market but also triggered a global financial crisis. The share of these mortgages in early 2024 was just 2.7%

Real Estate 379

Real Estate Real Estate Agent Agents Client Relationships 379

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

Marketing 499

Marketing Sellers Buyers Realtors 499

Housing Wire

SEPTEMBER 25, 2024

The Alabama Association of Realtors is calling out for change in national membership models. But according to many in the industry, Realtors in Alabama are not the only ones seeking more choice. Image created by AI in Midjourney.) If we fail to act, we may lose these members forever.

Realtors 361

Realtors Agents Real Estate Brokerage 361

Housing Wire

NOVEMBER 27, 2024

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The latest signal comes from the National Association of Realtors ‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% year over year and 2% compared to September.

Marketing 286

Marketing Realtors Housing Market Lending 286

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” said Skylar Olsen, Zillow Chief Economist. million existing home sales in 2024, a little increase over 2023’s 4.1

Housing Market 397

Housing Market Tenants Marketing Mortgage 397

Housing Wire

DECEMBER 20, 2023

Those economic projections from the 19 members of the Federal Open Markets Committee show both a tighter consensus of opinions and a lower target Federal funds rate than the projections the FOMC made in September. percentage points above the average of four forecasts for the third quarter of 2024 and roughly 0.6 percentage points.

Mortgage 392

Mortgage Realtors Real Estate Marketing 392

Housing Wire

JULY 9, 2024

Nominations for the 2024 HousingWire Vanguards award are open throughout the month of July. We are using this slower market to double down on new customer acquisition, new product launches, and improving our customers’ experiences. Randell Gillespie, CPO, Lower Click here to nominate a 2024 HousingWire Vanguard.

Clients 322

Clients Realtors Training Realty 322

Appraisal Buzz

AUGUST 14, 2024

homebuyers as a strong economy bolsters the housing market, according to the Realtor.com 2024 Forecast Update. Housing inventory on the rise Inventory shortages, a significant hurdle for the housing market in recent years, appear to be easing. Mortgage relief is on the horizon for U.S. The forecast anticipates a 14.5%

Housing Market 396

Housing Market Marketing Mortgage Inventory 396

Housing Wire

FEBRUARY 1, 2024

Congratulations to the 2024 Tech100 Mortgage winners. Take a look below to see the full list of this year’s honorees. optimalblue.com/ Loan Origination and Secondary Plano, TX OptiFunder optifunder.com/ Loan Origination and Secondary St.

Mortgage 439

Mortgage Valuation Insurance Appraisal 439

Housing Wire

JULY 23, 2024

Today’s existing home sales report shows that the existing home market is now almost balanced. We are very close to getting this balance nationally and in some markets we’re already there. million as a balanced market, but this equation has a second variable tied to today’s housing economics: affordability.

Marketing 433

Marketing Inventory Housing Market Buyers 433

Housing Wire

MAY 2, 2024

While revenue rose at eXp World Holdings during the first quarter of 2024, the firm was still unable to turn a profit due to the challenging housing market. In Q1 2024, the company reported a $15.6 Agent count at eXp kept declining in Q1 2024. million loss compared to a net gain of $1.5 million in Q1 2023.

Realty 323

Realty Brokerage Agents Real Estate 323

Appraisal Buzz

NOVEMBER 13, 2024

About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Although 66% of buyers with agents in 2024 had their commissions covered by sellers, this is no longer required. Click here to access Clever Real Estate’s report, “ The True Cost of Buying a Home in 2024.”

Real Estate 419

Real Estate Sellers Buyers Renovations 419

Appraisal Buzz

DECEMBER 19, 2024

The National Association of Realtors reports that existing-home sales increased in November. More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. Three major U.S. from October to 4.15

Inventory 383

Inventory Realtors Buyers Contracts 383

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Total housing inventory has collapsed to all-time lows since 2020 and because this happened during the years 2020-2024, it created forced bidding and drove prices well above my 23% five-year home-price growth model in just two years.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

MARCH 22, 2024

While marketing to your sphere of influence, networking, and direct mail campaigns work, they can be time-consuming and they don’t always yield quick results. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024.

Real Estate 364

Real Estate Sellers Real Estate Agent Tools 364

Housing Wire

FEBRUARY 28, 2024

If you’re struggling to market your business on social media, or worse, haven’t even started yet, you might be in for a rude awakening in 2024. Prioritize reputation over reach The key to successful social media marketing is to build meaningful connections with people in your farm area who want to buy or sell real estate.

Real Estate 400

Real Estate Marketing Tools Contracts 400

Housing Wire

AUGUST 6, 2024

Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down. And there’s justifiable concern as the market has yet to respond to the recent decline in rates. “It’s million, up slightly from $27.4

Housing Market 380

Housing Market Marketing Brokerage Agents 380

Housing Wire

DECEMBER 19, 2024

The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021. million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021.

Inventory 358

Inventory Realtors Housing Market Real Estate 358

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Multiple offers, however, are still occurring, especially on starter and mid-priced homes, even as price concessions are happening in the upper end of the market.” Together, the two may suggest that there really is nowhere to go but up in 2024,” she said. “In

Inventory 378

Inventory New Listings Realtors Contracts 378

Housing Wire

JANUARY 3, 2025

Californians deserve a reliable insurance market that doesnt retreat from communities most vulnerable to wildfires and climate change , Lara said in a statement. My Sustainable Insurance Strategy is focused on addressing the challenges we face today and building a resilient insurance market for the future.

Insurance 401

Insurance Modernization Design Realtors 401

Housing Wire

JANUARY 25, 2024

The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. Thankfully, 2024 is shaping up to be a much better year for recruiters. The number of agents switching brokerages is ticking upward and markets are stabilizing across the country.

Real Estate Agent 371

Real Estate Agent Real Estate Agents Brokerage 371