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Existing home sales ended the year on a positive note , which aligns with our weekly Housing Market Tracker data, but something surprising is that home prices firmed up late in the year as well. We observed a shift in the forward-looking data starting in the summer, which continued throughout the year. Notably, we compared the data from 2022 and 2023 and noticed positive year-over-year data starting in October 2024, which you can see in the chart below.
Real estate agents who rely heavily on cold calling may need to rethink some of their marketing tactics. Changes to the Telephone Consumer Protection Act (TCPA), including the one-to-one consent rule, go into effect on Monday, Jan. 27. Under the consent rule, anyone soliciting a consumers business through a phone call or text message must obtain the consumer’s written consent prior to sending robocalls or texts.
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Elevated rates chill the prospects of a 2025 sales rebound from the lowest level in 30 years, as many would-be homebuyers and sellers would stay on the sidelines.
Elevated rates chill the prospects of a 2025 sales rebound from the lowest level in 30 years, as many would-be homebuyers and sellers would stay on the sidelines.
Existing home sales finished 2024 on a high note after a dismal year for the housing market. The December report from the National Association of Realtors (NAR) shows existing-home sales at a seasonally adjusted annual rate of 4.24 million, a 9.3% annual increase. Its the highest year-over-year gain since June 2021 but is still historically low. The median sales price grew to $404,400 in the 18th consecutive month of annual price increases, and the 6% year-over-year rise is the largest since Oct
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The results of LERETA s second annual Escrow Awareness Survey, which was published recently, show that homeowners knowledge of mortgage escrow accounts and the effects of growing property taxes and homeowners insurance premiums is seriously lacking. According to the report, just 60% of homeowners who use escrow accounts completely understand their purpose, and even among those who do, there are still misunderstandings about how these accounts work and how they affect their monthly mortgage payme
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.
Rocket Mortgage scored a big win this week after the Fourth Circuit on Thursday vacated a $10 million judgment in a class action over a decade old. A group of 2,769 West Virginian borrowers claimed in the lawsuit, which was originally filed on July 23, 2012, that Rocket Mortgage (known then as Quicken Loans ) and its insurance arm, Amrock (formerly Title Source ), were unfairly influencing home appraisal values.
Hurewitz took the Inman Connect New York stage Friday to share key insights from the book designed to help real estate professionals grow their business. Sell Like a Spy draws upon lessons from elite government professionals, including the FBI, Secret Service, military and special forces.
In the wake of the Los Angeles wildfires, CoreLogic today announced a new strategic alliance with Vexcel Imaging , a global leader in aerial imagery, which will provide CoreLogic with imagery from the U.S., Canada, Western Europe and Australia, including post-disaster imagery captured after wildfires , hurricanes and tornadoes. The alliance and acquisition of the imagery is part of CoreLogics broader roadmap for the implementation of AI -driven analysis and measurements, a release from the compa
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Guaranteed Rate Affinity announced on Friday that it has hired Andy Ward as its originating manager in Cottleville, Missouri. Ward brings a proven track record of success and leadership in the mortgage industry. The 25-year mortgage leader reportedly joined Guaranteed Rate Affinity to align with the company’s technological growth and expansion efforts. “GRA’s cutting-edge tech stack, powered by proprietary AI, and access to over 2,000 mortgage programs provide an unmatched plat
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I personally live in Los Angeles, so I wanted to calculate and measure which areas were already prone to wildfire risk, according to the Federal Emergency Management Agency (FEMA).
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