Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. Traditionally, home prices soften in the second half of the year and I had counted on this for my price forecast , which predicted 2.33% home-price growth for 2024. However, that didn’t happen. The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of tim

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Mortgage Housing Market Inventory Contracts 406

Appraisal Buzz

NOVEMBER 21, 2024

Nearly one in seven (13.7%) home hunters say a concern for natural disasters or climate risks in their area is a reason they are likely to move in the next year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Even more (17.5%) say a concern for safety/crime is prompting them to move. That’s according to a Redfin-commissioned survey conducted by Ipsos in September 2024.

Property Taxes 351

Property Taxes Brokerage Insurance Real Estate 351

Housing Wire

NOVEMBER 21, 2024

After tumbling over the past few months, existing-home sales are giving real estate and mortgage professionals a reason to smile. The seasonally adjusted annual rate of existing-home sales rose 3.4% month over month in October to 3.96 million, according to data released Thursday by the National Association of Realtors (NAR). This also was a 2.9% year-over-year improvement, marking the first annualized increase since July 2021.

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Inventory Home Improvement Realtors Real Estate 370

Appraisal Buzz

NOVEMBER 21, 2024

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 percent compared from a year ago. Compared to September 2024, applications increased by 3 percent. This change does not include any adjustment for typical seasonal patterns. “New home purchase activity picked up in October even as stronger economic data and election uncertainty pushed mortgage rates higher over the course of the month,” sa

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Mortgage Buyers Contracts Construction 284

Housing Wire

NOVEMBER 21, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. In this article, we’ve gathered 30 real estate text message scripts designed to help you connect with leads, nurture relationships, and get more deals to the closing table this coming year. When it comes to selling real estate, communication and timing can make or break your success.

Real Estate 366

Real Estate Real Estate Agent Sellers Clients 366

Appraisal Buzz

NOVEMBER 21, 2024

A new poll of 1,000 adults by the Amherst Group has found that four out of five Americans (81%) would live in a modular home, as nearly all surveyed (90%) found something appealing about those homes, and more than 70% interested in seeing more alternative types of housing in their neighborhood. For the study, Amherst Group defines “modular housing” as traditional homes precision-built offsite and placed on a permanent foundation.

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Appraisal Buzz

NOVEMBER 21, 2024

Mortgage rates continued to rise this week, with the average rate for a 30-year, fixed-rate mortgage increasing to 6.84%, up from 6.78% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 7.29%. “Mortgage rates ticked back up this week, continuing to approach 7 percent,” says Sam Khater, chief economist for Freddie Mac, in a statement.

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Housing Wire

NOVEMBER 21, 2024

Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. As a result, today’s consumers now expect the same seamless digital experiences in all areas of their lives, including rental management. Gen Z renters in particular expect digital-first experiences, and have emerged as a powerful consumer base within the rental market.

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Property Management Retail Technology Transportation 320

Appraisal Buzz

NOVEMBER 21, 2024

Jesse Q. Allen has joined national mortgage lender Rate as president of its reverse mortgage division while Greg Pahel has joined the lender as executive vice president consumer direct reverse lending. Allen has decades of industry leadership experience and a proven track record of launching and growing successful teams. He formerly served as president of Reverse at OneTrust Home Loans and brings over 35 years of experience in financial services, including an extensive background in reverse mort

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Housing Wire

NOVEMBER 21, 2024

Home insurance premiums continue to rise, but the severity of the increases have cooled in recent months, which suggests that a semblance of stability is returning to the market. But this doesn’t negate the reality of other turbulent risk factors — including extreme weather events stemming from climate change or potential regulatory challenges. This comes from an analysis conducted by Matic that was sourced through data from more than 36 million requests for quotes, according to the company.

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Insurance Marketing Business Housing Market 359

Appraisal Buzz

NOVEMBER 21, 2024

After falling for three straight months, existing-home sales turned the corner and increased 3.4% in October compared with September, reaching a seasonally adjusted annual rate of 3.96 million, according to the National Association of Realtors (NAR). Year-over-year, existing-home sales were up 2.9%. Driving the increase in sales was the dip in mortgage rates that came in September.

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Inventory Buyers Realtors Investors 195

Housing Wire

NOVEMBER 21, 2024

In the newest episode of the “Real Estate Insiders Unfiltered” podcast, hosts James Dwiggins and Keith Robinson sit down with Robert Morris, a real estate broker, trainer and veteran agent at Keller Williams Capital Properties. Held live from the National Association of Realtors ‘ (NAR) NXT Conference in Boston, the conversation covers broker leadership tips, the value of designations and certifications, and educational resources for real estate agents.

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Real Estate News

NOVEMBER 21, 2024

The turnaround for existing sales came at a time when mortgage rates were closer to 6%. With rates on the rise, economists are dialing back sales forecasts.

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Mortgage 245

Housing Wire

NOVEMBER 21, 2024

After two of its claims against CoStar Group were dismissed in late October, the parent company of Realtor.com is back at it. On Tuesday, Move Inc. filed a second amended complaint in its ongoing battle with the Homes.com parent company. Like the first amended complaint, the second one contains six claims against CoStar. In the latest filing, Move seeks to address the holes in the two claims that were dismissed by Judge George H.

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Legal Legal Fees Business Contracts 277

Real Estate News

NOVEMBER 21, 2024

HUD leader explains the benefits of housing counseling and the “critical role” of agents, says the agency has no “official position” on the NAR settlement.

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Realtors Agents 185

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. With that focus came attention and appreciation for the reverse mortgage product, which led him to see an opportunity for him and his family.

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Mortgage Loan Officers Tools Lending 254

Real Estate News

NOVEMBER 21, 2024

For clients, getting an offer accepted might seem like the end of the homebuying process. A new guide from NAR helps explain all the steps that follow.

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Buyers Clients 163

Housing Wire

NOVEMBER 21, 2024

Compass has made no secret of its plans for rapid expansion, and if recent additions are any indication, Texas is a prime target. The brokerage announced this week that it added Dallas-based The Trusler Group. The husband-and-wife team of Alex and Karla Trusler bring a high-performing team to Compass, having completed $37 million in sales over the past year.

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Brokerage Realtors Real Estate Agents 264

Inman

NOVEMBER 21, 2024

Applications for purchase mortgages were up 2 percent last week when compared to the week before but down 1 percent from a year ago, according to a weekly survey by the Mortgage Bankers Association.

Mortgage 157

Mortgage Marketing 157

Housing Wire

NOVEMBER 21, 2024

Keller Williams wants to give its team leaders a boost. The real estate franchise has hired Shanan Steere to be its director of growth operations. In the role, Steere will be charged with “reimagining core market center leadership training,” with the hope of recruiting future leaders to the company. “As we continue to invest deeply into providing our KW-affiliated brokerages support for the development of their team leaders and operating principals, we are excited to welcome Shanan, who will spe

Brokerage 240

Brokerage Training Real Estate Agent Agents 240

Inman

NOVEMBER 21, 2024

Chris Pollinger and designer Samantha Senia share the top 2025 design trends redefining luxury homes — from sustainable reclaimed wood tables to statement lounge chairs.

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Design Real Estate Agent Real Estate Agents 166

Housing Wire

NOVEMBER 21, 2024

The defect rate for mortgages grew significantly across all loan types in the second quarter of 2024, continuing a trend seen in the first quarter. The share of loans with defects grew to 1.81%, according to a recent report released Wednesday by ACES Quality Management. The Denver-based quality control company compiles a quarterly report that is derived from post-closing quality control data gathered by the company’s benchmarking software.

Mortgage 235

Mortgage Tools Legal Insurance 235

Inman

NOVEMBER 21, 2024

Resetting and renewing your company's culture starts with understanding the current state of play so that you can implement targeted and effective improvements, coach Verl Workman writes.

Real Estate 158

Real Estate Brokerage Agents 158

Housing Wire

NOVEMBER 21, 2024

UBS analyst Douglas Harter recently made waves after he took a closer look at the stock of reverse mortgage industry leader Finance of America (FOA). Harter downgraded the company’s stock rating on from “buy” to “neutral” even after it reported strong earnings results in the third quarter of 2024. In a note published this week that was reviewed by HousingWire ’s Reverse Mortgage Daily (RMD) — and previously reported by the The Wall Street Journal and Seeking Alpha — Harter offered his reasoning

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Finance Mortgage Investors Marketing 199

Inman

NOVEMBER 21, 2024

This year's Teams Report offers a roadmap for navigating the challenges and opportunities of today’s real estate market for teams, Chris Pollinger writes.

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Real Estate Marketing Agents 166

Housing Wire

NOVEMBER 21, 2024

The Hooper (formerly Phillips ) copycat commission lawsuit is down a few defendants. In a ruling on Thursday, Judge Mark H. Cohen of the U.S. District Court in Atlanta granted the plaintiffs’ consent motion to drop certain defendants from the suit with prejudice. The defendants now free from the suit are Christie’s International Real Estate, Engel & Völkers Americas, Engel & Völkers Atlanta, Redfin , HomeSmart Holdings, Solid Source Realty, Palmerhouse Properties and Ansley Atlanta Real

Real Estate 199

Real Estate Realty Realtors Legal 199

Inman

NOVEMBER 21, 2024

Annual existing-home sales increased for the first time in more than three years in October, according to the National Association of Realtors. "The worst of the downturn in home sales could be over.

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Realtors Agents Marketing 117

Eyes on Housing

NOVEMBER 21, 2024

In another sign of America’s ongoing housing affordability crisis, the National Association of Home Builders /Wells Fargo Cost of Housing Index (CHI) found that in the third quarter of 2024, a family earning the nation’s median income of $97,800 needed 38% of their income to cover the mortgage payment on a median-priced new home. Low-income.

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Mortgage 102

Inman

NOVEMBER 21, 2024

Fannie Mae and MBA forecasts dampened expectations for projected home sales in 2025 while offering a more cautious outlook on the prospects of mortgage rates coming down in the new year.

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Mortgage Marketing 109

Eyes on Housing

NOVEMBER 21, 2024

Existing home sales in October rebounded from a 14-year low and posted the first annual increase in more than three years, as buyers took advantage when mortgage rates briefly reached a 2-year low in late September, according to the National Association of Realtors (NAR). While elevated home prices persist due to the lock-in effect, we.

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Realtors Buyers Mortgage Inventory 95

Inman

NOVEMBER 21, 2024

This prestigious recognition celebrates those who are at the forefront of property technology innovation and redefining the real estate industry.

Real Estate 164

Real Estate Technology 164

Eyes on Housing

NOVEMBER 21, 2024

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates relatively flat conditions for custom home builders after a period slight softening of market share due to declining mortgage interest rates. However, post-election stock market gains should support custom building at the end of 2024 and going into 2025.

Design 87

Design Marketing Mortgage Construction 87

Inman

NOVEMBER 21, 2024

As 2024 draws to a close, Jimmy Burgess and Keeping Current Matters' David Childers look at some of the most common concerns clients are voicing right now.

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Sellers Buyers Clients Housing Market 151

Empire Appraisal Group

NOVEMBER 21, 2024

15 housing markets with the highest home price correction risk, according to Parcl Labs The most notable thing is that 13 of the 15 housing markets Parcl Labs labeled as “at risk” are in Florida. Lance Lambert Source: [link] Parcl Labs published a list of the 15 housing markets at the highest risk of home price correction that we should watch during the fall and winter months.

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Housing Market Marketing Inventory Insurance 78