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Its hard to imagine something more disruptive to a housingmarket than a hurricane. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market.
Despite 2025 housingmarket predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. See what she had to say below and register today for the Housing Economic Summit on Feb. If we start to see them enter the market, it will be encouraging.
Despite the frequency of departures, real estate agents in the state say the housingmarket remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housingmarket has a 90-day average Altos Market Action Index score of 44.18
The housingmarket got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale.
The race is on for brokerages to capture clients in an incredibly difficult housingmarket, and Compass believes a new technology offering will give it an advantage. The brokerage on Monday launched Compass One, a client-facing portal that provides a guide through the process of both home buying and selling.
Our reach and strategic expansion into key markets in the U.S. and internationally reflects how we continue to meet this demand and ensures our clients have access to properties and qualified buyers wherever they are in the world.
Marty Green thinks of the housingmarket in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housingmarket in the second half of 2022? over asking price. High octane stuff.
After heating up like the rest of the country, the Louisiana housingmarket has continued to cool since interest rates began to rise in the second half of 2022. In addition to helping current buyers, agents are also working with past clients to help them manage their homeowners insurance costs.
Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. But the boom times are over, and he knows it. And he’s far from alone.
As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housingmarket in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.
Warmer summer weather has brought cooler housingmarket conditions to Montana. The market right now just feels like it’s a bit lukewarm,” said Brian Huskey , a Billings, Montana-based ERA American Real Estate agent. This was the slowest June we’ve seen in many years in our market,” Durham, a luxury-focused agent, said.
Risk Mitigation Strategies Diversifying our client base and loan portfolio helps mitigate risk in the face of economic fluctuations. Continuously monitoring and assessing market conditions allows us to be proactive in our approach and adjust our strategies as needed. What strategies are you implementing to mitigate risk?
The updates include a customizable HousingMarket Data tool that gives users the power to customize charts and data on the HousingWire site and a gifting tool that allows subscribers to share news and articles with people in their network without a HousingWire subscription.
But, what are they exactly and how can we help our clients utilize them? This is where we as Realtors are ready to educate our buyers with information and help clients find the right path(s) to alleviate financial burdens by providing funds to cover a portion of the down payment. What are down payment assistance programs?
Mortgage professionals are no exception – whether you find yourself tweeting for work or in your free time, you may also want to follow accounts for people and organizations that are relevant to the industry in order to stay up-to-date on the latest news about the housingmarket. economy and specializes in the housingmarket.
As originators confront changing dynamics in the economy and housingmarket this fall, many will be asking important questions about how to approach their practice, identify client opportunities, and prepare for what may come. How will changes in the White House affect homeowners?
Despite the state’s tight inventory, the housingmarket is not as hot as one might expect. The state has an Altos Market Action Index score of 54, down from 63 in May 2022, when there were only 800 fewer active listings on the market. 2 in the state by transaction sides in the 2024 RealTrends rankings.
Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housingmarket — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024. “We There is nothing to show.”
But in a turbulent housingmarket , it may have been this innovation that ultimately ended Redfin’s run as a standalone company. They still have to bear the cost of those agents, despite production not being there in a terrible housingmarket.” They have that eat what they kill mentality.
He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients. Davis believes that by aligning with the right lender and expanding product offerings, originators can position themselves as valuable partners in a shaky market. Non-QM opens doors for real estate investors.
Known for its rural communities, quaint towns, scenic lakes and mountain vistas, New Hampshire is probably not where you would expect to find one of the nations hottest housingmarkets but the data says otherwise. 18, with a market action index score of 55.77. But even with that, she said the market has remained hot.
Prospective homeowners enter the housingmarket with two questions: Where do I begin? With access to the correct information and clarity on the financing process, agents can empower clients confidently, translating into a better experience for all parties. How much home can I afford? Click Here
Due to these conditions, Dwiggins and other industry professionals believe there won’t be much of an impact on first-time buyers until the housingmarket strengthens, leading some sellers to potentially stop offers of buyer broker compensation. “If The way you approach a change is really about your mindset.
By staying informed and proactive, real estate professionals can ensure they are not just reacting to market changes but leading the way in helping clients navigate one of the most competitive housingmarkets in history.
The Federal Reserve ‘s effort to temper inflation has cooled the housingmarket that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housingmarket is the strength in new-home sales. It’s a bifurcated market in that sense. So that has picked up.
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housingmarkets in 2025. Dark Matter Technologies makes it a priority to stay ahead of these trends, ensuring our clients have the right tools to scale efficiently when market conditions change. The HousingWire Economic Summit, held Feb.
Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. Despite dropping the price to $625,000 from $650,000, it sat for another 45 days with no offers. Another price cut to $600,000 didn’t help either, as it resulted in another 20 days of radio silence. “We
Creating a frictionless journey from home search to purchase As rising insurance rates and natural disasters reshape the housingmarket, real estate professionals and mortgage lenders must proactively adapt. In regions impacted by severe weather, offering guidance on risk mitigation strategies is essential.
“Ive watched Circa since their inception and love their spirit and the way they approach real estate and client service,” she said in a statement. Louis housingmarket. .” With Circa Properties now on board, Butler remains optimistic about her company’s success.
The sector outlook reflects expectations for a slowing economy in 2023, with a modest increase in unemployment and potential pricing corrections in the housingmarket. Inflationary uncertainty and a deceleration in housing prices portend a deterioration in environmental conditions in the U.S.
Forecasts for the housingmarket in 2025 are not that rosy, but Ryan McKeveny and Brian Hale see this as a good thing for the years ahead. Housing inventory is key Inventory is important in making the housingmarket more affordable, but it’s more complicated than just building more houses, McKeveny said.
Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). Disrupted operations and compliance risks : Even minor operational disruptions can have a cascading impact on productivity and client satisfaction. Click Here
In addition to the ability to tag documents, our publicly available application programming interface (API) integration has also simplified the integration and client onboarding process. The post RON’s competitive advantage in today’s housingmarket appeared first on HousingWire.
“You have sellers who refinanced their house and they have a 2% interest rate, so why would they then go buy another house for a 7% or even 6.5% That is a challenging conversation to have with clients, but basically everyone has equity if they bought their house in the last three or four years.
Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. When you buy through our links, we may earn a commission. So, where do you start? Why send a regular real estate newsletter?
Confronting urban housing price volatility concerns It’s no secret that companies have been pushing employees out of the office and back into remote work status to save money and boost productivity. This trend had a profound impact on the housingmarket. Career Institute.
While cancellation rates remain below pandemic-era peaks such as March 2020s record 16.4% the rising trend indicates continued uncertainty in the housingmarket. Its worth checking in with the listing agent about a week after the house goes under contract, said Alison Williams, a Redfin Premier agent in Sacramento.
It can vary widely depending on the size of the team, its overall goals and the type of market it serves. However, most teams are built with the same objectives playing to each individuals strengths to provide top-tier service to their clients. This can sometimes take the focus off client service, though it doesnt have to.
But the survey results also show that so-called sphere-of-influence (SOI) leads — those generated through relationships with friends, family and former clients — are often neglected and underinvested in. These leads require long-term efforts, patience and cultivation of relationships through emails, newsletters and other marketing tactics.
housingmarket was relatively slow in 2024, experts say the luxury sector was an outlier and they are anticipating even stronger conditions in 2025. According to The Trend Report released Monday by Coldwell Banker s Global Luxury program, the brands luxury property specialists expect more luxury buyers to reenter the market in 2025.
Arguably, one of the most important functions of a real estate agent is to guide and be a subject matter expert to clients through the buying and selling processes. Put simply, a good agent is a sherpa who knows every step of the journey and expertly leads their client up the path. How do real estate agents get paid?
Local housingmarkets is a HousingWire magazine feature spotlighting housing trends and data across the country. I absolutely love the Columbia Basin and the reason is that we are a unique market. The combination of these factors has resulted in a hot housingmarket. A score of 30 denotes a balanced market.
I’m going to start by making Rate the absolutely best place for every single loan officer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.
“We’ve got clients calling us frantically looking for leases. I’m calling developers asking about vacancies to see if we can figure out some short-term rentals to house people,” he said. Giuditta has witnessed how insurance models cannot provide enough coverage to protect clients against natural disasters.
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