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Pending home sales ended the year on a down note, according to data published on Thursday by the National Association of Realtors (NAR). Compared to a month prior, contract signings fell 5.5% in December, with the Pending Home Sales Index coming in at a reading of 74.4. An index reading of 100 is equal to the level of contract signings in 2001. Annually, pending home sales were down 5.0% compared to a year prior in December.
For many Americans, owning a home signifies independence, stability, and the opportunity to accumulate long-term wealth, among other things. Homeowners, however, are aware that although those advantages are genuine, they are not given away for free. The American Dream has long been considered one of the pinnacles of success, and owning a home remains a popular and important aspiration for tens of millions of Americansregardless of whether they are renting, living with relatives or friends, or su
Rising mortgage rates that are now above 7% have continued in January. But there may be some improvement on the horizon as newly listed home inventory grew 37.5% from December, according to a Realtor.com report released Thursday and certain cities and regions are moving much faster than others. When compared to the same month a year ago, 24.6% more homes were actively listed for sale on a given day in January, following a 15-month trend of higher annualized inventory levels.
According to the Realtor.com January Monthly Housing Report, January saw a positive shift in seller activity despite recent hikes in mortgage rates, with the number of newly listed homes increasing 37.5% month-over-month. Sacramento, CA (+31.7%), Phoenix (+27.3%), and Seattle, WA (+24.7%), saw the biggest increases in newly listed homes this month compared to the same period last year among the top 50 metro areas.
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.
The recent Palisades and Eaton fires in Los Angeles have eradicated thousands of residential properties, leaving both physical and financial damage to Southern Californias housing market. Real estate technology company Homes.com analyzed the Pacific Palisades and Altadena neighborhoods in order to quantify the number of homes destroyed and measure the financial repercussions of the wildfires.
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors Choice Awards. Nominations for HousingWires 2025 Finance Leaders Award are open now through January 31, 2025. Click here to nominate a tech organization. Nominations are still open for the 2025 Finance Leaders award. To celebrate this prestigious recognition, HousingWire reached out to 2023 Finance Leader Kevin Thompson , Head of Finance at PURE Property Management to
Buy-side tool is a full-featured transaction creation platform for agents. Plus, Doorify and Canopy MLSs integrate new tech; REdistribute adds board member.
In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. Deephaven’s focus on non-QM lending is expected to drive its volume past $80 billion in 2025.
Pending home sales decreased 5.5% in December compared with November and were down 5% compared with December 2023, according to the National Association of Realtors (NAR). Regionally, and month-over-month pending home sales dropped 8.1% in the Northeast, 4.9% in the Midwest, 2.7% in the South, and 10.3% in the West. Year-over-year, contract signings dropped 1.3% in the Northeast, 6.9% in the Midwest, 5.1% in the South and 5.1% in the West.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
While many real estate brokerages have made the choice to settle the commission lawsuits including Side and JPAR just this week others are still attempting to fight. On Monday, several high profile real estate firms such as Berkshire Hathaway Energy (BHE) the parent company of HomeServices of America Windermere Real Estate , Hanna Holdings , EXIT Realty , William Raveis , Crye-Leike and William L.
Stephanie Ziebell has been promoted to chief legal officer at national mortgage lender Waterstone Mortgage Corp. Ziebell joined Waterstone Mortgage as assistant general counsel in October 2012, shortly after graduating from law school. She was eventually promoted to vice president corporate counsel ,and then senior vice president general counsel. In her most recent role, she has overseen key areas such as Legal, compliance, information security, vendor management, risk and audit, and quality c
As more older adults state their desires to age in place in their current homes and with baby boomers owning as much as half of all U.S. home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. This was some of the perspective shared by Matt Cook, the director of business development at HomeTeam Inspection Service , who shared with HousingWire ‘s Reverse Mortgage Daily (RMD
Homebuyer affordability improved slightly in December, as shown by the Mortgage Bankers Associations (MBA) Purchase Applications Payment Index (PAPI). The index measures how new monthly mortgage payments vary across time relative to income using data from MBAs Weekly Applications Survey. The report shows that the national median payment applied for by purchase applicants decreased to $2,127 in December, down from $2,133 in November.
Sage Home Loans Corp. recently hired Bijoy John as its new senior vice president of marketing. John expressed his excitement over joining Sage and implementing his vision at the company. Bijoy John Sage’s senior leadership team welcomed John with open arms, praising his track record of successfully reaching consumers. John will reportedly focus on leading borrower retention efforts. “We are thrilled to welcome Bijoy John as the new Senior VP of Marketing at Sage Home Loans Corporatio
Mortgage rates were mostly flat this week, with the average rate for a 30-year fixed-rate mortgage hovering at 6.95%. Thats down slightly from last week when it averaged 6.96% but up from a year ago when it was 6.63%, according to Freddie Macs Primary Mortgage Market Survey. The 30-year fixed-rate has hovered between 6 percent and 7 percent for most of the last two and a half years, says Sam Khater, chief economist for Freddie Mac, in a statement.
Britannica , the English-language encyclopedia that has roots as far back as the 1760s, recently highlighted a phrase familiar to the reverse mortgage industry the sandwich generation in recognition of the growing importance that caregiving for older relatives will have as the global population grows older. Highlighted on Britannica Money, an online portal designed to expand knowledge for everyday investors and savers, the term was explained to recognize the growing role that such people play
Real GDP growth slowed in the fourth quarter of 2024, but the economy finished the year at a solid rate. While consumer spending continued to drive growth, gross private domestic investment detracted over a full percentage point mainly due to a decline in private inventories. According to the advance estimatereleased by the Bureau of Economic.
Housings share of the economy remained unchanged at 16.2% in the fourth quarter of 2024, according to the advance estimate of GDP produced by the Bureau of Economic Analysis. For the year, housings share of the economy was 16.2%, up from 16.0% in 2023 and down from 16.5% in 2022. The more cyclical home building.
Parent company will invest up to half of its excess cash in the "highly volatile" cryptocurrency to pave the way for enabling bitcoin payments for agents and customers at a later date.
Embracing digital transformation to optimize healthcare operations Healthcare organizations face growing pressure to deliver high-quality care while managing administrative burdens, regulatory compliance, and evolving patient needs. With the rise of digital transformation, digital tools have emerged as game-changers in streamlining healthcare operations.
Persistent market headwinds resulted in a slow beginning to the year, according to Redfin. The typical days on market reached 54 days this month the slowest pace since 2020.
Share this article: [link] RE Q&A: Need Exs Signature to Sell House? By Gary M. Singer To sell a house awarded in a divorce, your ex must sign the deed if theyre on the title. Try locating them via social media or mutual contacts. FORT LAUDERDALE, Fla. Question : When I divorced my first husband more than a decade ago, we agreed that I would keep the house.
Berkshire Hathaway Energy, Windermere, Hanna Holdings, EXIT Realty, William Raveis and Crye-Leike all denied antitrust allegations against them in new court filings submitted Monday.
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Consistent outreach to seniors in the community with value-added information can provide business benefits and a lasting legacy for knowledgeable real estate professionals, Nikki Buckelew writes.
Whether you're struggling to keep your existing brand fresh or trying to build a new brand that works, The Agency's Mauricio Umansky offers insights from his own brand-building experience.
With the rental property markets growth poised to continue, investors have a unique opportunity to maximize ROI by adopting innovative strategies and staying agile, RentRedi CEO Ryan Barone writes.
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