Housing Wire
NOVEMBER 22, 2024
As the U.S. housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% year over year in Q3 2024, representing a small change after four years of fluctuations.
Appraisal Buzz
NOVEMBER 22, 2024
Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. The bi-annual report reveals a resilient luxury real estate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023.
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Housing Wire
NOVEMBER 22, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. The real estate market is constantly shifting, and today’s market calls for agents to return to the more tried-and-true marketing strategies. While the post-COVID market saw homes selling at record speeds, recent changes have shown us the importance of foundational tactics for success.
Appraisal Buzz
NOVEMBER 22, 2024
According to the Q3 2024 Verisk Remodel Index , the cost of home repairs and remodeling in the third quarter of 2024 continued to increase, rising by 1.08% quarter-over-quarter, and just over 3.35% from the third quarter of. Costs set new highs for the past decade, rising over 69.5% from Q1 of 2013. “Repair and remodeling costs continue to increase across the country, but the rate of increase is returning to pre-pandemic levels,” said Greg Pyne, VP, Pricing for Verisk Property Estimating Solutio
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Housing Wire
NOVEMBER 22, 2024
As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. Fix-and-flip lender Kiavi , in partnership with John Burns Research and Consulting , released its Q3 2024 fix-and-flip market report this week.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 22, 2024
In recent years, renting has become increasingly expensive , particularly since the onset of the COVID-19 pandemic. While national rent growth has cooled compared to the double-digit surges of recent years, it remains consistent with pre-pandemic levels. In November 2023, CoreLogic reported a 2.7% annualized increase in U.S. single-family rents. But the narrative is more complex in niche markets like the Texas capital of Austin.
Appraisal Buzz
NOVEMBER 22, 2024
Mortgage origination volume increased 1.9% during the third quarter, according to ATTOM’s U.S. Residential Property Mortgage Origination Report. About 1.67 million residential mortgages were issued during the quarter, according to the firm’s data. Driving the increase was a drop in mortgage rates that came in September. Still, volume is down by nearly two-thirds compared with the high point hit in 2021.
Housing Wire
NOVEMBER 22, 2024
Treating older patients with chronic health conditions can already be a challenge for medical professionals, but some of these challenges can bite harder if a patient endures preventable trauma, including a fall. That’s why it’s so important to ensure a living space is appropriately fashioned for aging in place. This is according to James Taylor, a physician and founder of DwellSafe , a company that assesses homes for risks of falling.
Real Estate News
NOVEMBER 22, 2024
Chronic undersupply has led to an affordability crisis, but real estate professionals can help by supporting new development in their communities, experts say.
Speaker: Dylan Secrest
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Housing Wire
NOVEMBER 22, 2024
Plaintiffs Douglas Hardy, Glenn Champion and Dylan Tent on Thursday filed an amended complaint in their antitrust suit against the National Association of Realtors (NAR) in the U.S. District Court for the Eastern District of Michigan. The plaintiffs take issue with what they claim is a requirement for agents and brokers — in Michigan and nationally — to be members of NAR, their state Realtor association and a local Realtor association in order to gain access to the MLS.
Real Estate News
NOVEMBER 22, 2024
“Volunteers” and execs enjoy large salaries and perks, while hard-working members are the ones who bear the burden.
Appraisal Buzz
NOVEMBER 22, 2024
University Bank , which lends nationwide through conventional, faith-based, first mortgage, HELOC and reverse channels, has selected Ardley Technologies to drive its portfolio retention strategy. Specifically, University Bank is using Ardley’s Actionable Data Intelligence (ADI) platform to identify borrowers who represent new opportunities. Portfolio retention is a major concern for mortgage servicers in any market, but as rates fall, servicers’ attrition risk increases, and their retention effo
Real Estate News
NOVEMBER 22, 2024
Agents suing NAR over membership requirements say associations no longer offer any benefit, while eight defendants were dropped from a Georgia commissions case.
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Inman
NOVEMBER 22, 2024
Redfin report finds 22 percent of U.S. renters say they pay their all of their monthly income to afford rent. They're borrowing money, getting a second job and pulling from retirement to cover the cost.
Real Estate News
NOVEMBER 22, 2024
Team and franchise leader Shanan Steere named director of growth operations for KW; John Holley, CEO of Texas' largest MLS, retiring after 20 years.
Inman
NOVEMBER 22, 2024
As a Project 2025 author, Carson called for raising FHA premiums and a “reset” of HUD to reverse "corrosive progressive ideologies across the department’s programs.
Eppraisal
NOVEMBER 22, 2024
Water damage in homes can be a major problem for homeowners. Fortunately, new technologies are changing how experts deal with removing water and drying out homes. Today, they use special tools to find moisture hidden inside walls and floors. They also have advanced drying machines that remove water and dampness from homes much faster than before. Computerized systems help the experts plan and manage the whole water removal process.
Inman
NOVEMBER 22, 2024
Broker-owner Butch Leiber offers tips for providing a higher level of service to clients and conveying a higher level of professionalism to the public.
Mortgagebroker News
NOVEMBER 22, 2024
Proposed changes aim to streamline hearings, improve technology, and reduce delays that hurt landlords and tenants
Inman
NOVEMBER 22, 2024
EXp Realty's chief marketing officer also told Inman that the company's revenue share can be life changing for some agents, and expressed cautious optimism for the housing market in 2025.
BiggerPockets
NOVEMBER 22, 2024
Much of the pandemic-era hotspots have cooled down, namely in Florida.
Inman
NOVEMBER 22, 2024
The Bel-Air home, built by Los Angeles architect Robert Byrd, saw a price reduction from $12.95 million to $9.5 million, and is set to go to auction next month if it remains unsold.
Mortgagebroker News
NOVEMBER 22, 2024
Lender alleges millions in unpaid GST and withheld payments as it seeks receivership
Inman
NOVEMBER 22, 2024
Think of branding as a cumulative effort, broker Nick Schlekeway writes, where each post, interaction and marketing campaign adds another layer to the image you’re building.
Mortgagebroker News
NOVEMBER 22, 2024
Homebuying activity picked up in October, but affordability and supply challenges are leading a growing number of Vancouver residents to consider the growing trend
Inman
NOVEMBER 22, 2024
You know that mindful practices can change how you feel and how you work, but the truth is they're often boring and hard to implement. That's actually the whole point, Aaron Hendon writes.
Mortgagebroker News
NOVEMBER 22, 2024
Broker network names new CIO, parts ways with CTO
Inman
NOVEMBER 22, 2024
Leverage past clients, drum up new business and show your value with these relationship-building strategies from luxury real estate agent Evan Roth.
Mortgagebroker News
NOVEMBER 22, 2024
New initiatives focus on unlocking housing options, improving LTB operations, and more
Inman
NOVEMBER 22, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
BiggerPockets
NOVEMBER 22, 2024
If you invest right, real estate can offer asymmetric returns: high potential returns with relatively low risk.
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