Housing Wire
DECEMBER 30, 2024
All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. The elephant in the room is affordability. Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January.
Appraisal Buzz
JANUARY 2, 2025
Stubbornly elevated mortgage rates and home prices are discouraging investor activity in the U.S. housing market. According to a new report from CoreLogic , while investor activity rose slightly between the second and third quarters of 2024, their market share remains below last years level25% compared to 28% in 2023. CoreLogic predicts that investor market share will likely remain steady unless mortgage rates drop.
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Real Estate News
JANUARY 3, 2025
After remaining largely stable during the second half of 2024, recent threats from agents and local associations could result in further declines this year.
Eyes on Housing
DECEMBER 30, 2024
With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In May, Rose Quint shared key takeaways of NAHB’s study of home buyers. High mortgage rates and double-digit growth in home prices since COVID-19 have brought housing affordability to its lowest level.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
Inman
DECEMBER 29, 2024
As the commission suits and settlements worked their way through the courts this year, Inman contributors focused on providing tangible takeaways and critical insights.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
DECEMBER 30, 2024
A new report from the National Association of Realtors (NAR) has found that pending home sales gained 2.2% in Novemberthe fourth consecutive month of such increases and the highest level since February 2023. Regionally, the Midwest, South and West experienced month-over-month gains in transactions, while the Northeast region reports decreases. Year-over-year, contract signings increased in all four U.S. regions, with the West leading the pack.
Real Estate News
JANUARY 1, 2025
Real estate visionary Stefan Swanepoel says the fragmented industry must pull together despite differences over issues like Clear Cooperation. Heres how.
Eyes on Housing
DECEMBER 30, 2024
With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In March, Jing Fu compared homeowners and renters’ major assets, debt and net worth, as well as differences between age groups. As examined in a previous post, homeownership plays an integral role.
Inman
DECEMBER 30, 2024
According to Inman's 2025 economic outlook, a soft landing for the economy would mean home prices keep rising and mortgage rates settle in at around 6%, with sales varying widely by region.
Housing Wire
JANUARY 3, 2025
The California Department of Insurance unveiled a new regulation this week that aims to increase homeowners insurance coverage in areas prone to wildfires , a response to the recent pullback in policies by several major insurers. Announced by California insurance commissioner Ricardo Lara on Monday, the regulation is under administrative review and is set to take effect by the end of January, according to reporting by The Associated Press (AP).
Appraisal Buzz
DECEMBER 30, 2024
This article was reposted with permission from Ramsey Solutions. The article originally appeared on the Ramsey Solutions Articles page. See original article here. If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions!
Real Estate News
JANUARY 3, 2025
Louisiana agents are the latest to sue NAR over membership rules that limit MLS access and alleged reputational damage caused by scandals and lawsuits.
Eyes on Housing
DECEMBER 31, 2024
With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In September, Catherine Koh dived into data on the homeownership rate of various household types including married couples with children, married couples with no children, single parents, and others. The homeownership rate.
Inman
JANUARY 2, 2025
Five years after founding the LGBTQ+ Real Estate Alliance, Ryan Weyandt has stepped down from his leadership role with the group. The Alliance has named Mary Mancera as its interim chief executive officer.
Housing Wire
DECEMBER 30, 2024
Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. High inventory levels contribute to another problem as active listings are remaining unsold for longer periods. Although higher home prices , rising mortgage rates and other expenses are obvious factors, there may be more to the story. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is
Appraisal Buzz
DECEMBER 30, 2024
The oldest of Generation Z turn 27 this year. With age comes responsibilityand the urge to nest. Nearly half of Gen Zs 68 million U.S. residents want to buy a home in the next five years per a Realtor.com survey , but what are the best cities for Gen Z homeowners? Currently, more than half of Gen Z live with their families, and 18% own a home or are married to someone who does.
Real Estate News
JANUARY 3, 2025
A new presidential administration and a Supreme Court decision could affect how the Justice Department approaches the real estate industry in the new year.
Advanced Appraisal
DECEMBER 31, 2024
Single Family home appraisals, house appraisals, 2-4 Units, Condos, Located in the Tinley Park, Mokena and Frankfort Area. We are also experts in Multi Family Apartment Buildings, Mixed Use, Small Commercial properties and Vacant land for all purposes. We offer private listing, Assessment Appeal, Bankruptcy, Divorce, Estate, Trust, partnership dispersion, Probate, and Indemnity Cases.
Inman
JANUARY 2, 2025
In November, active listings rose 0.5 percent month over month and 12.1 percent year over year, according to Redfin's analysis.
Housing Wire
JANUARY 2, 2025
Today, the jobless claims data again showed why mortgage rates continue to be elevated, confirming that the labor market isnt breaking. The labor market is getting softer but hasnt broken yet, as it has before every recession post World War II. Mortgage rates have remained mostly in a range over the past two years, fluctuating between 6% and 8%. In late 2022, global markets faced turmoil and economic indicators suggested a weakening economy, leading the 10-year yield to drop to around 3.37% befo
Appraisal Buzz
JANUARY 2, 2025
The October 2024 results for the S&P CoreLogic Case-Shiller Indices were issued today by the S&P Dow Jones Indices (S&P DJI). In October 2024, the leading indicator of U.S. home values had an annual growth of 3.6%a modest decrease from the previous 2024 annual gains. Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home pri
Real Estate News
DECEMBER 30, 2024
Its (still) all about home prices. Inventory is up, but much of it is stale, while flattening rents are keeping renters in their homes longer.
Eyes on Housing
JANUARY 3, 2025
Home price growth continued to slow in October, growing at a rate of 3.60% year-over-year, according to the S&P CoreLogic Case-Shiller Home Price Index (seasonally adjusted – SA). This marks a decline from the 3.90% growth rate recorded in September and represents the seventh consecutive drop in the annual growth rate since reaching a peak.
Inman
DECEMBER 31, 2024
Here are 25 action steps to prepare you for the new year from trainer Rachael Hite. The key is figuring out what to pursue, purge and prohibit. This list will help.
Housing Wire
JANUARY 3, 2025
Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, and expanded activities in reverse that stemmed from acquisitions and expansions of existing divisions. Continuing this momentum into 2025 is a priority for many in the reverse mortgage space, according to conversations with leaders at various industry lenders.
Appraisal Buzz
JANUARY 2, 2025
A new study from Redfin has found that approximately one-third (33.6%) of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. While the majority of renters move within five yearsincluding 25.6% moving within 12 months and 40.8% moving between one and four yearsthe rising cost of buying a home has pushed many to stay put for longer.
Real Estate News
DECEMBER 28, 2024
Leaders of the nations 16th-largest MLS envision a broker-centric future and more privately owned multiple listing services. Weve now opened the door.
Eyes on Housing
DECEMBER 31, 2024
With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In April, Eric Lynch examined various macroeconomic and housing finance components and their responsiveness to changes in the federal funds rate. As economist Milton Friedman once quipped, monetary policy has a history.
Inman
DECEMBER 28, 2024
With all the commission lawsuits, settlements and rule changes, there was no shortage of news this year. Here is the top-read news of 2024.
Housing Wire
JANUARY 2, 2025
Rising mortgage rates suppressed applications in the Mortgage Bankers Association (MBA) final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays. Mortgage demand declined 21.9% from two weeks earlier during the week ending Dec. 27, the MBA reported.
Appraisal Buzz
DECEMBER 30, 2024
The Mortgage Bankers Associations (MBA) monthly Loan Monitoring Survey reveals that the total number of loans now in forbearance increased by three basis points in November 2024 relative to October 2024, from 0.47% to 0.50 (as of November 30, 2024). According to MBAs estimate, 250,000 homeowners are currently in forbearance plans, as the nations mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020.
Real Estate News
DECEMBER 31, 2024
2024 was supposed to be the year that home sales bounced back, but rates, inflation (and buyers) had other plans.
Empire Appraisal Group
JANUARY 2, 2025
U.S. Home Prices Rise 4.3% YoY in Q3 2024 Source: [link] House prices rose as demand outpaced supply, but elevated prices and mortgage rates slowed growth. WASHINGTON U.S. home prices rose 4.3% between the third quarter of 2023 and the third quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI). House prices were up 0.7% compared to the second quarter of 2024.
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