Housing Wire

DECEMBER 18, 2024

They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Several factors have been keeping labor steady, such as working through a backlog of orders and long turnaround times to complete projects.

Construction 426

Construction Modernization Mortgage Housing Market 426

Appraisal Buzz

DECEMBER 18, 2024

The U.S. Senate has announced the passage of the bipartisan Homebuyers Privacy Protection Act (S. 3502) , a measure that will ban trigger leads except in limited circumstances. When a consumer applies for a mortgage, credit bureaus are notified that the consumer is interested in financing, which is referred to as a trigger lead. That information is then sold by the credit bureaus to data brokers (including other lenders) without the consumers knowledge or approval.

Real Estate 370

Real Estate Finance Mortgage Appraisal 370

Real Estate News

DECEMBER 19, 2024

The option lets brokers access the MLS outside the traditional three-tier membership system. NAR says it is maintaining standards for the Realtor brand.

Realtors 279

Realtors 279

Sacramento Appraisal Blog

DECEMBER 16, 2024

What’s January going to be like in 2025? What can we expect ahead for the housing market? Today, I have three quick points, and while these visuals are specific to my area, some of the language use can be used in many different markets. This is my last blog post of 2024. Thanks for being […] The post Three things to expect in the housing market in January first appeared on Sacramento Appraisal Blog.

Housing Market 195

Housing Market Marketing Appraisal Sellers 195

Inman

DECEMBER 19, 2024

Existing-home sales rose 6.1 percent annually in November while three out of four U.S. regions saw increases from 2023, according to new data released Thursday by the National Association of Realtors.

Realtors 158

Realtors Inventory Buyers Mortgage 158

Housing Wire

DECEMBER 19, 2024

Its late December so all the 2025 mortgage rate forecasts have been published. Unfortunately, all of them are already wrong. Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The most optimistic predictions assume 2025 will see mostly low 6s for the 30-year fixed rate mortgage. And yet with pesky inflation data not falling as quickly or as far as expected, Fed chair Jerome Powell suddenly changed his language in the Fed meeting on Dec. 19.

Mortgage 435

Mortgage Housing Market Marketing Realtors 435

Real Estate News

DECEMBER 19, 2024

As other brokerages stumbled in 2024, Real saw enviable growth in agent count, transactions and share price with President Sharran Srivatsaa setting the tone.

Brokerage 264

Brokerage Agents 264

Empire Appraisal Group

DECEMBER 19, 2024

Despite Inventory Rise, Home Buyers Remain Cautious Source: [link] More listings are coming to the real estate market, but home sales continue to be sluggish. Read more from NARs latest housing report. Home buyers may finally be finding more inventory options this fall, but theyre still being cautious about entering the real estate market, the National Association of REALTORS reported Wednesday.

Inventory 78

Inventory Buyers Real Estate Realtors 78

Inman

DECEMBER 19, 2024

Find out how this young, first-generation Filipino-American entrepreneur worked her way up from receptionist to broker-owner.

Real Estate 158

Real Estate Brokerage 158

Housing Wire

DECEMBER 17, 2024

Mortgage applications for new-home purchases increased 7.2% year over year in November, according to data from the Mortgage Bankers Association ‘s (MBA) builder application survey that was released Tuesday. Applications decreased by 12% from October 2024. Applications to purchase newly built homes have seen annual increases since February 2023, as prospective homebuyers continue to favor new homes , given affordability challenges and constrained existing inventory , Joel Kan , the MBAs vic

Mortgage 394

Mortgage Marketing Inventory 394

Appraisal Buzz

DECEMBER 19, 2024

The National Association of Realtors reports that existing-home sales increased in November. Three major U.S. regions saw growth in sales, but the West saw no change. All four regions saw an increase in sales year over year. The seasonally adjusted annual rate of existing-home sales, which includes completed transactions of single-family homes, townhomes, condominiums, and cooperatives, increased 4.8% from October to 4.15 million in November.

Inventory 312

Inventory Realtors Buyers Contracts 312

Real Estate News

DECEMBER 14, 2024

Cities and states across the U.S. are making it easier to build ADUs. Leaders hope those reforms will lead to more supply and improve affordability.

235

235

Eyes on Housing

DECEMBER 17, 2024

Builder sentiment held steady to end the year as high home prices and mortgage rates offset renewed hope about a better regulatory business climate in 2025. Along those lines, builders expressed increased optimism for higher sales expectations in the next months.

Business 88

Business Mortgage Marketing 88

Inman

DECEMBER 18, 2024

Requests for purchase loans picked up last week during a short-lived drop in rates, MBA survey shows, helped by "gradually improving inventory conditions and a more positive outlook on the economy and job market.

Inventory 158

Inventory Mortgage Marketing 158

Housing Wire

DECEMBER 17, 2024

The American dream is synonymous with two ideas. One is the idea that anyone in this country can find a path to economic success regardless of their circumstances at birth. The second idea is the symbolic encapsulation of the first idea: homeownership. Owning a home is the signifier of economic success, but over the last few years, that milestone has gotten farther out of reach for first-time homebuyers.

Housing Market 353

Housing Market Marketing Buyers Real Estate 353

Appraisal Buzz

DECEMBER 18, 2024

Manchester, NH, Zillow s most favored city for 2024, was a hit with an influx of homebuyers this year. For the second consecutive year, Zillows ranking of the most popular markets was dominated by Northeastern cities. While only one West Coast market, which led the way in 2021, made it into the top 10, the Midwest also performed well. Most of the most popular cities this year were exurbs, which are quaint little settlements outside of the suburbs but yet accessible by car from a large city.

Architecture 349

Architecture Home Value New Listings Contracts 349

Real Estate News

DECEMBER 14, 2024

For CoStar and Move, the battle for dominance escalated from civil competition to full-scale attacks. Zillow and other players, meanwhile, stayed out of it.

231

231

Eyes on Housing

DECEMBER 18, 2024

Ongoing lean levels of single-family existing home inventory helped to boost single-family production in November, while overall housing production fell because of a double-digit percentage drop in multifamily construction. Overall housing starts decreased 1.8% in November to a seasonally adjusted annual rate of 1.29 million units, according to a report from the U.S.

Construction 88

Construction Inventory 88

Inman

DECEMBER 17, 2024

Ahead of his appearance at Inman Connect New York in January, eXp Realty CEO Leo Pareja told Inman that change is inevitable and that his "North Star" is improving the experience of his agents.

Realty 158

Realty Agents Technology Brokerage 158

Housing Wire

DECEMBER 19, 2024

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008. But the number of foreclosure starts spiked by 27% to 22,025 during the quarter.

Government 388

Government Finance Mortgage Business 388

Appraisal Buzz

DECEMBER 20, 2024

The post Coal for Christmas appeared first on Appraisal Buzz.

Appraisal 356

Appraisal 356

Real Estate News

DECEMBER 17, 2024

One measure in the monthly index stood out, however, as builders responded with more optimism about where the market is headed in 2025.

Marketing 211

Marketing 211

Eyes on Housing

DECEMBER 16, 2024

Over the first ten months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 846,446. On a year-over-year (YoY) basis, this is an increase of 9.4% over the October 2023 level of 773,526. Year-to-date ending in October, single-family permits were up in all four regions. The range of permit increases spanned.

Construction 97

Construction Marketing 97

Inman

DECEMBER 19, 2024

NAR sent the cease-and-desist letter to Phoenix Realtors over its MLS Choice option, which gives brokers access to state-compliant forms and legal aid but may also violate its three-way agreement.

Realtors 158

Realtors Legal Agents 158

Housing Wire

DECEMBER 17, 2024

Rent prices have fluctuated alongside home prices in this year’s housing market. More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. Seattle-based brokerage Redfin released a report this week that highlighted a 1.5% increase in asking rents for newly constructed apartments in 2024 the biggest spike in 18 months.

Construction 353

Construction Inventory Housing Market Brokerage 353

Appraisal Buzz

DECEMBER 17, 2024

The average U.S. household spends $25,512 annually on essential household billsan annual bill spend of roughly $2,126 per month, over one-third (34%) of the U.S. household median income ($74,755). This news, from a report by doxo , shows that many states rank well above or below the national average. Its no surprise that the most expensive states to live in are Hawaii, California, Massachusetts, and New Jersey, nor that West Virginia, Mississippi, Arkansas, and Kentucky lead the list of most aff

Insurance 372

Insurance Appraisal Marketing Mortgage 372

Real Estate News

DECEMBER 19, 2024

Existing home sales rebounded in November, pushing annual sales past the 4 million mark. A big jump in mortgage rates may quash momentum, however.

Mortgage 211

Mortgage 211

Eyes on Housing

DECEMBER 20, 2024

Real gross domestic product (GDP) increased in 45 states and the District of Columbia in the third quarter of 2024 compared to the second quarter of 2024 according to the U.S. Bureau of Economic Analysis (BEA). Iowa reported no change during this time. The percent change in real GDP ranged from a 6.9 percent increase.

Marketing 78

Marketing 78

Inman

DECEMBER 14, 2024

Frustrated by the challenges of 2024 and finding it hard to get geared up for 2025? Bernice Ross offers a dozen strategies to help get your attitude and your business back on track.

Business 157

Business Real Estate Brokerage Agents 157

Housing Wire

DECEMBER 18, 2024

CreditXpert , a leading mortgage technology company, announced on Wednesday the launch date for its new credit optimization platform. The company will replace its What-if Simulator and Wayfinder tools with the new platform on Dec. 31. CreditXpert seeks to take a different approach when addressing homebuyer credit profiles. Instead of focusing on credit repair, the company takes it a step further with credit optimization, which benefits more applicants on a shorter timeline with improved predicta

Loan Officers 394

Loan Officers Tools Technology Mortgage 394

Appraisal Buzz

DECEMBER 17, 2024

The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. The share of the balance of delinquent commercial mortgages increased for every major capital source during the third quarter of 2024, said Jamie Woodwell, MBAs Head of Commercial Real Estate Research.

Mortgage 329

Mortgage Investors Real Estate Development 329

Real Estate News

DECEMBER 18, 2024

Outdated rules have allowed solicitors to bombard borrowers with unwanted calls or texts. While lenders arent to blame, consumers may hold them responsible.

Mortgage 205

Mortgage 205

Eyes on Housing

DECEMBER 18, 2024

In a widely anticipated move, the Federal Reserve’s Federal Open Market Committee (FOMC) reduced the short-term federal funds rate by an additional 25 basis points at the conclusion of its December meeting. This policy move reduces the top target rate to 4.5%. However, the Fed’s newly published forward-looking projections also noted a reduction in the.

Marketing 78

Marketing 78

Inman

DECEMBER 18, 2024

In an era of increased industry consolidation, independence still matters, Steve Baird, president and CEO of Baird & Warner Real Estate, writes.

Real Estate 157

Real Estate Brokerage 157