Thu.Jan 02, 2025

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Home Investors Pull Back as Rates and Prices Remain High

Appraisal Buzz

Stubbornly elevated mortgage rates and home prices are discouraging investor activity in the U.S. housing market. According to a new report from CoreLogic , while investor activity rose slightly between the second and third quarters of 2024, their market share remains below last years level25% compared to 28% in 2023. CoreLogic predicts that investor market share will likely remain steady unless mortgage rates drop.

Investors 397
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Mortgage demand drops 22% during holidays as rates move higher

Housing Wire

Rising mortgage rates suppressed applications in the Mortgage Bankers Association (MBA) final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays. Mortgage demand declined 21.9% from two weeks earlier during the week ending Dec. 27, the MBA reported.

Mortgage 381
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Examining 2024 Home Price Trends 

Appraisal Buzz

The October 2024 results for the S&P CoreLogic Case-Shiller Indices were issued today by the S&P Dow Jones Indices (S&P DJI). In October 2024, the leading indicator of U.S. home values had an annual growth of 3.6%a modest decrease from the previous 2024 annual gains. Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home pri

Inventory 329
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Jobless claims keep mortgage rates elevated

Housing Wire

Today, the jobless claims data again showed why mortgage rates continue to be elevated, confirming that the labor market isnt breaking. The labor market is getting softer but hasnt broken yet, as it has before every recession post World War II. Mortgage rates have remained mostly in a range over the past two years, fluctuating between 6% and 8%. In late 2022, global markets faced turmoil and economic indicators suggested a weakening economy, leading the 10-year yield to drop to around 3.37% befo

Mortgage 433
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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

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.

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More Renters Are Staying Put

Appraisal Buzz

A new study from Redfin has found that approximately one-third (33.6%) of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. While the majority of renters move within five yearsincluding 25.6% moving within 12 months and 40.8% moving between one and four yearsthe rising cost of buying a home has pushed many to stay put for longer.

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FHFA Releases Final Rule on Affordable Housing Goals

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) released a final rule that updates the procedure for requiring an action plan in the event that an Enterprise fails to meet specific goals and sets new affordable housing targets for the loan purchases of Fannie Mae and Freddie Mac (the Enterprises) over the next three years. The housing goals, which are typically established by FHFA regulations every three years, establish yearly benchmarks for the Enterprises acquisitions in 20252027 to promote fair ho

Finance 368
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Real estate news, advice and warnings to revisit heading into 2025

Real Estate News

Feel like you couldnt keep up with all the news last year? Take a moment to look back at some key stories that will continue to play an important role.

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Case-Shiller: Home Price Appreciation Slowed in October

Appraisal Buzz

U.S. home prices increased 0.3% on an adjusted basis in October compared with September and were up 3.6% compared with October 2023, according to the S&P CoreLogic Case-Shiller home price index. The report shows that home price growth is slowing: Month-over-month, the indexs 20-city composite and 10-city composites measuring home prices in the top 20 largest U.S. metros each decreased -0.3%, on an adjusted basis, indicating that home prices may have plateaued.

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‘Unfiltered’: Real estate’s ‘biggest opportunity’ in an AI future

Real Estate News

Watch the conversation with The AI Guys as they talk philosophy and humanity and explain key ways agents can leverage AI to expand their business.

Agents 201
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Average 30-Year Mortgage Rate Rises to Nearly 7 Percent to Close 2024

Appraisal Buzz

Mortgage rates ended 2024 on a high note, as the average rate for a 30-year fixed-rate mortgage increased to 6.91% this week, up from 6.85% last week, according to Freddie Macs Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 6.62%. Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months, says Sam Khater, chief economist for Freddie Mac, in a statement.

Mortgage 195
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Mortgage rates edge closer to 7%

Real Estate News

While rates have risen by nearly a percentage point since late September, buyers appear to have recalibrated expectations and home sales have improved.

Mortgage 190
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Mortgage Application Volume Dropped During Last Two Weeks of 2024 as Rates Increased

Appraisal Buzz

Due to higher mortgage rates and seasonal patterns, mortgage application volume decreased 21.9% on an adjusted basis during the two weeks ended December 27, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Applications for refinances decreased 36% during the two-week period, but were up 10% compared with the same period one year ago.

Mortgage 195
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Hamptons agents Michaela and Paulina Keszler move to Sotheby’s

Inman

The mother-daughter duo were leading Hamptons agents for Douglas Elliman before deciding to join Sotheby's International Realty. In the past 12 months, they jointly closed over $200 million.

Agents 142
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Private Residential Construction Spending Inches Up in November

Eyes on Housing

Private residential construction spending edged up by 0.1% in November 2024, according to the latest U.S. Census Construction Spending data. Year-over-year, the November report showed a 3.1% increase. The monthly increase in total private construction spending was primarily driven by higher spending on single-family construction and residential improvements.

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Ryan Weyandt leaves the LGBTQ+ Real Estate Alliance

Inman

Five years after founding the LGBTQ+ Real Estate Alliance, Ryan Weyandt has stepped down from his leadership role with the group. The Alliance has named Mary Mancera as its interim chief executive officer.

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U.S. Home Prices Rise 4.3% YoY in Q3 2024

Empire Appraisal Group

U.S. Home Prices Rise 4.3% YoY in Q3 2024 Source: [link] House prices rose as demand outpaced supply, but elevated prices and mortgage rates slowed growth. WASHINGTON U.S. home prices rose 4.3% between the third quarter of 2023 and the third quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI). House prices were up 0.7% compared to the second quarter of 2024.

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Housing inventory hits post-2020 high as unsold homes linger

Inman

In November, active listings rose 0.5 percent month over month and 12.1 percent year over year, according to Redfin's analysis.

Inventory 157
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The 2025 Housing Market is Here! (What to Watch Starting NOW)

BiggerPockets

Welcome to the 2025 housing market!

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Team Spotlight: Meet the dynamic real estate teams of 2024

Inman

This year, Inman highlighted 19 dynamic teams in its recurring Teams Spotlight column. We've rounded them all up in one place. Here's a look back at 2024.

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The Bookkeeping Best Practices That Will Keep Your Short-Term Rentals Running Smoothly

BiggerPockets

Bookkeeping is not exactly glamorous work for any landlord, let alone a short-term rental host.

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Home prices hit new highs in 2024. These 2 factors could ease the pain 

Inman

Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall.

Marketing 149
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House Hacking is the Most Logical Way to Make Money In Real Estate This Year—Here’s Why

BiggerPockets

Years ago, renting a room in your home for extra income was called “taking in a lodger.

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Lake Tahoe property sells for discount at $33.5M

Inman

The 10,000-square-foot Incline Village estate first hit the market for $49 million about one year ago. The home was sold with furnishings to a buyer from the San Francisco Bay Area.

Buyers 133
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7 Ways to Spruce Up Your New “Old” House

Lamacchia Realty

7 WAYS TO SPRUCE UP YOUR NEW "OLD" HOUSE You just signed your closing papers. Your belongings are boxed up and ready to find their place in your new home. The property is empty, broom-cleaned, and ready for you to make this house into your home. The excitement all of a sudden becomes slightly overwhelming. Did you realize that the house was this well-loved when you were at the showing?

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Anywhere Brands’ Sue Yannaccone aims to get ‘back to action’ in 2025

Inman

The Anywhere Brands president and CEO told Inman ahead of her January ICNY appearance that it's time for agents to move past the upheaval of 2024 and raise the bar for a new era in real estate.

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Greg Murphy Qualifies for the 2024 Lamacchia Realty President’s Club

Lamacchia Realty

Greg Murphy Qualifies for Lamacchia Realty's 2024 Presidents Club Lamacchia Realty is proud to announce that Greg Murphy has become the first agent from the Easton office to qualify for the 2024 Presidents Club, by surpassing $16 million in sales volume in 2024. Since joining Lamacchia Realty through the acquisition of Briarwood Real Estate in June, Greg has consistently been a top producing agent for the Easton office, making it in our monthly Top 5 list five times.

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Consumers are changing. In 2025, proptech may finally start to notice

Inman

2025 will be a year of major change if artificial intelligence is deployed to improve the consumer experience, construction and apartment living, Inman technology expert Craig Rowe writes.

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December 2024 Home Data Index Market Report

Clear Capital

The December 2024 Home Data Index (HDI) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 0.1 percent. Download the report , or read it below. About the Clear Capital Home Data Index (HDI) Market Report and Forecast The Clear Capital HDI Market Report and Forecast provides insights into market trends and other leading indices for the real estate market at the national and local levels.

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Tell us your New Year’s resolution for 2025: Pulse

Inman

As we all step into a new year, we want to know what's on your personal and professional list of goals for 2025.

Brokerage 108
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Top 3 Tech Upgrades for First Responder Teams in 2025

GoForrmz

Boost efficiency and safety with these tech innovations First-response teams operate in high-stakes environments where every second counts. To enhance their effectiveness, safety, and communication, many are adopting cutting-edge technologies to streamline processes and improve service delivery. As 2025 begins, here are the top three tech upgrades every first responder team should consider.

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Teams Spotlight: The Chestler Jacobs Team at Douglas Elliman

Inman

Learn how this award-winning team got started, where they've been challenged, and what they'd suggest to other teams and team leads just starting out.

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Trump’s pick to lead HUD has opposed aid programs for the poor

Housing Wire

Scott Turner, the nominee-designate to lead the U.S. Department of Housing and Urban Development (HUD) in the incoming Trump administration , has previously expressed dim and skeptical views about federal programs designed to assist people experiencing poverty and homelessness. These views could illustrate a lack of commitment to HUD programs that aim to offer assistance to Americans facing housing-related economic challenges, according to analysis and expert interviews from ProPublica, a nonpro

Landlords 342
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5 real estate stories you might have missed during the holidays

Inman

In case you missed it, here are five stories from the holiday season that you may want to get caught up on, including a roundup of predictions from some of the real estate world's biggest players.