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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
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
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. First impressions matter, especially when it comes to your listing’s exterior. Curb appeal sets the tone for potential buyers before they even step inside, shaping how welcoming and well-maintained a property feels.
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.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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
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.
Leveraging digital tools to streamline construction projects and minimize delays Anyone in the construction industry knows that delays can be costly. Every setback chips away at profit margins and timelines, whether due to unexpected weather, supply chain issues, or miscommunication among teams. However, one solution is transforming the way construction projects are managed: real-time data capture.
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.
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.
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.
Victoria Standring of the Berkshires Joins Lamacchia Realty November 21 st , 2024 – With excitement, Lamacchia Realty announces that Victoria Standring has joined Lamacchia Realty’s Dalton office. With over two decades of experience, Victoria has been an expert local REALTOR® in the Berks hires. Her experience in the region helping her clients buy and sell everything from lakefront retreats to historic homes is due to her commitment to delivering exceptional service and building lasting relatio
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.
Lamacchia Realty's Acquisition of Stone Ridge Properties Mentioned in Recent RISMedia Article November 19, 2024 – Lamacchia Realty’s recent acquisition of Stone Ridge Properties, located in Amesbury and Newburyport, Massachusetts , was highlighted in a new article by RISMedia. The article discusses Stone Ridge’s history of success and its expertise in luxury sales.
Over 491,000 homesellers have filed claims for a portion of the $700 million raised by real estate settlements in Sitzer, with more to come before May 2025 deadline.
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