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
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.
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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
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!
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
Housing Wire
DECEMBER 30, 2024
In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Tiffani Marroquin, head of growth and innovation for JPAR Real Estate. They discuss the utility of artificial intelligence (AI) for the real estate industry, as well as JPARs solutions designed to enhance agent and brokerage performance. This conversation has been edited for length and clarity.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
DECEMBER 30, 2024
Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings.
Appraisal Buzz
DECEMBER 30, 2024
Rural Americans face unique challenges when it comes to homeownership, with limited access to small mortgages and financing options significantly impeding progress. A recent analysis by The Pew Charitable Trusts highlights three major obstacles that prevent rural homebuyers from obtaining mortgages at the same rates as their urban counterparts. 1. Low or Missing Credit Scores Many rural Americans have low or no credit scores, making lenders hesitant to extend them mortgages.
Housing Wire
DECEMBER 30, 2024
While 2024 was rife with challenges for the mortgage industry broadly across forward and reverse a new year brings a new mindset. Some challenges remain, with mortgage rates being chief among them. Education and distribution can also likely be improved. But there are also new opportunities for the industry in 2025, and the eternally optimistic reverse mortgage industry is more than ready to embrace them.
Appraisal Buzz
DECEMBER 30, 2024
Redfin reports that active listingsthe total number of homes for sale climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% month-over-month, and 12.1% year-over-year. Redfin reports a major reason for the jump in housing supply is a pileup of unsold homes, many of which buyers have deemed undesirable because they seem overpriced.
Housing Wire
DECEMBER 30, 2024
Refinance volume is only a fraction of what it was three years ago when mortgage rates plummeted to historic lows, but borrowers have returned in greater numbers this year. Recent data from CoreLogic shows that $347 billion in refinances were originated during the first 10 months of 2024. That’s up 27% compared to the $273 billion total for the same period last year, which was a 22-year low point.
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.
Housing Wire
DECEMBER 30, 2024
In the 16 years since the peak of the Global Financial Crisis, the structured products industry has transformed from a market dominated by large banks to one with space for new players. New relationships are forming between insurers seeking long-term debt investments and managers specializing in origination, securitization, and sale of mortgage -backed securities.
Real Estate News
DECEMBER 30, 2024
Lead generation can provide a quick boost, but harnessing demand will continue to pay dividends over time. Learn how they work together, and why you need both.
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
DECEMBER 30, 2024
As a weak market and dissatisfaction with NAR drive attrition, more leaders are considering opening MLS access to non-Realtors, a recent survey found.
Appraisal Buzz
DECEMBER 30, 2024
The U.S. Department of Housing and Urban Development (HUD) has announced the completion of a transformative project to update webpages for all 50 states, territories, and the District of Columbia on HUD.gov. These updated pages feature a streamlined design and trauma-informed elements, making it easier for communities nationwide to access vital resources, including affordable housing services, homeownership support, housing counseling, disaster recovery assistance, and more.
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.
Appraisal Buzz
DECEMBER 30, 2024
Home sales across the West Coast are experiencing a significant rebound, with Portland, Oregon leading the way. According to a recent report by Redfin , home sales in Portland rose 27.6% year-over-year in Novemberthe largest increase among the 50 most populous U.S. metros. Other high-performing markets include San Jose, California (26.2%); Seattle (19.5%); and San Francisco (17.7%).
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.
Appraisal Buzz
DECEMBER 30, 2024
Pending home sales increased 2.2% in November compared with October and were up 6.9% compared with November 2023, according to the National Association of Realtors (NAR). Consumers appeared to have recalibrated expectations regarding mortgage rates and are taking advantage of more available inventory, says Lawrence Yun, chief economist for NAR, in a statement.
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.
Appraisal Buzz
DECEMBER 30, 2024
The Consumer Financial Protection Bureau (CFPB) is suing Rocket Homes for providing kickbacks to real estate brokers and agents to steer prospective borrowers to Rocket Mortgage for loans. The CFPB is also suing Jason Mitchell, his real estate brokerage firm, JMG Holding Partners LLC, which does business as The Jason Mitchell Group, and the individual real estate brokerage companies in the 41 states and the District of Columbia where it does business (The Mitchell Group), for their role in the u
GoForrmz
DECEMBER 30, 2024
What if we told you one form could do it all? In a world where everyone is searching for the next breakthrough to streamline workflows and eliminate tedious, time-consuming tasks, digital forms have long been a proven solution for simplifying these processes. By automating data capture and seamlessly integrating with existing systems, digital forms remove the burden of repetitive manual tasks.
Appraisal Buzz
DECEMBER 30, 2024
The Federal Housing Finance Agency (FHFA) recently released its 2025 Scorecard for government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, establishing an array of objectives for the GSEs to operate safely and soundly, further develop risk management frameworks, and support market improvements in housing supply and affordability, among other steps.
BiggerPockets
DECEMBER 30, 2024
Are we finally at the end stages of this harsh housing market?
Inman
DECEMBER 30, 2024
From Hoby Hanna to Anywhere's Sue Yannaccone, real estate leaders are cautiously optimistic about the new year, telling Inman the worst of 2024's tumult may be fading in the rearview mirror.
BiggerPockets
DECEMBER 30, 2024
Its the season for housing market predictions, and we know who to call!
Housing Wire
DECEMBER 30, 2024
2024 was a disappointing year for those looking forward to a Fed rate-cut cycle and what that could do to mortgage rates. A strong economy (and a skittish Fed ) pushed rate cuts all the way to September and then mortgage rates went higher! However, the bond market got ahead of the Federal Reserve and before the first cut, mortgage rates had already fallen almost two points from the highs of 2023, when they reached 8% in October.
BiggerPockets
DECEMBER 30, 2024
Got a late start on your retirement planning?Do you feel like you missed the boat and wont be able to retire on your timeline?
George Dell
DECEMBER 30, 2024
My New Years resolution may work, or it may not. How do I create a high probability I will be successful? There is a science to this. There are issues of personal psychology. And there are some spiritual principles that work. Finally, physical action directly causes results. And how about willpower? How do I resolve […] The post Re-Solve the Resolution?
BiggerPockets
DECEMBER 30, 2024
Lets start with a number: $4.6 billion. Thats how much money short-term rental hosts earned using Hospitable in 2024. Thats not just a number; thats enough cash to buy 2.
Inman
DECEMBER 30, 2024
Despite the setbacks we saw this year, 2025 will likely see many of the same trends come true that were initially predicted for 2024, Windermeres Principal Economist Jeff Tucker writes.
Appraisal Buzz
DECEMBER 30, 2024
The U.S. Department of Housing and Urban Development (HUD) has released its 2024 Annual Homelessness Assessment Report: Part 1: Point-in-Time Estimates , an annual snapshot of the number of individuals in shelters, temporary housing, and unsheltered settings. The report found more than 770,000 people were experiencing homelessness on a single night in January 2024, an 18% increase from 2023.
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