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According to Redfin , the median U.S. asking rent fell 0.7% year-over-year in November to $1,595, the lowest level since March 2022. Rents were down 1.1% on a month-over-month basis. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in August 2022. Highlighting improved rental affordability, November marked the 19th consecutive month where the median asking rent price per square foot (PPSF) fell year-over-year, down 2.2% to $1.79.
Mortgage applications increased 5.4% on a seasonally adjusted basis during the week ending Dec. 6, stemming from a 27% jump in refinance activity, according to a report released Wednesday by the Mortgage Bankers Association (MBA). This is the latest weekly increase in mortgage applications, following a trend of steady demand increases over the past several weeks.
Older homeowners have given their input on the state of the market and their desire to age in place. A significant majority of adults aged 50 and older (75%) want to age in their current homes, and 73% want to age in their communities, according to AARP s national 2024 Home and Community Preferences Survey. This is much higher than the percentage of younger adults aged 18 to 49 (an estimated 60% and 63%, respectively), but current housing policies and community infrastructure are not keeping up
The work you do now is what will set you up for success in the first quarter of 2025. The majority of sales success is mental, preparing yourself mentally is just as crucial as setting your priorities and goals for the year ahead. Whether you liked or disliked what 2024 brought, soon youll be facing a clean slate. Even if the year was challenging and you felt like quittingguess what?
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.
Paying a million dollars for a home might seem like a dream for most Americans. Yet every year, more people are spending seven figures on a new house, with San Jose and San Francisco the meccas of high-cost living in the US. In their new report analyzing U.S. Census Bureau data, LendingTree discovered that the share of million-dollar homes is increasing, and that some parts of the nation are becoming magnets for these high-priced houses.
The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. The 2025 Red Paper from The Agency shows the luxury market making a sharp diversion from the broader existing home sales market, which could clock in near a historic low at fewer than 4 million sales. The number of homes sold at $1 million or higher rose by 5.2% in the first half of 2024, and the median luxury home price jumped by 14.2%.
The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. The 2025 Red Paper from The Agency shows the luxury market making a sharp diversion from the broader existing home sales market, which could clock in near a historic low at fewer than 4 million sales. The number of homes sold at $1 million or higher rose by 5.2% in the first half of 2024, and the median luxury home price jumped by 14.2%.
According to a recent study published by Bright MLS , a large number of homeowners who intend to sell next year purchased their house less than five years ago. Additionally, the study indicates that since baby boomers intend to remain in their current homes, 2025 sellers will probably be younger. Approximately one in five (17.5%) of the 1,581 homeowners polled countrywide between November 19 and 20 indicate they intend to sell their house over the next 12 months.
Dallas -based United Real Estate has announced another strategic expansion in the Carolinas. Charlotte -headquartered United Real Estate Queen City will open a new affiliate location in Fort Mill, South Carolina. According to a company statement, this move will strengthen the brokerage’s presence in the Carolinas. The Fort Mill brokerage is the second United Queen City location in the region and the expansion “reinforces Uniteds eastern service areas stretching over a thousand miles
Mortgage application volume increased 5.4% on an adjusted basis during the week ended December 6, as the average rate for a 30-year, fixed-rate mortgage dipped to 6.67%, down from 6.69% the previous week, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. The results include an adjustment for the Thanksgiving Holiday. Applications for refinances increased 27% compared with the previous week and were up 42% compared with the same week one year earlier.
In a year that has been full of noise, United Real Estate President Rick Haase has somehow managed to stay focused. Some of that focus comes from the messages written on the three colorful rubber bands adorning his wrist. The first reads, Go through life with an attitude of gratitude. A second reads, United Real Estate: Better Together. The third, a gift from the United franchise in Richmond, Virginia , states, Only the strong survive in 2025.
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.
Wire and title fraud risks reached new heights in Q3 2024, according to FundingShields latest Wire Fraud Risk Report. An alarming 46.43% of transactions in an $82 billion portfolio of residential, commercial, and business-purpose loans revealed vulnerabilities. Each problematic loan exhibited an average of 2.23 issues, underscoring a widespread lack of adequate controls among closing agents and lenders.
Sierra Pacific Mortgage has hired Suzy Lindblom as its new Chief Operating Officer, the company announced in a LinkedIn post. Lindblom confirmed the move in her own post , adding that she has been working with Sierra Pacific as a consultant for the last six months. With more than 40 years of experience in the mortgage industry, Lindblom was most recently chief operating officer (COO) at lender and servicer Arc Home , serving in that role from August 2022 to February 2024.
Youre about to buy a propertyexciting, right? But before you pop the champagne, imagine moving in only to discover a leaky roof, faulty wiring, or worserealizing you overpaid by thousands. Thats why understanding home inspections and home appraisals is your first step to making a smart investment. These two processes are often misunderstood. While they might seem similar, they serve very different purposes.
The National Association of Realtors (NAR) commission lawsuit settlement agreement may have received final approval , but it looks like NARs commission lawsuit woes are not over. On Tuesday, two Ohio -based companies that specialize in the acquisition, renovation and management of distressed real estate properties in Northeast Ohio, Abandoned Homes Project Scattered Site I LLC and Scattered Site II LLC., filed a suit against NAR, claiming that the trade groups now abandoned Participation Rule ,
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.
First American has released Order Insights, a real-time, transaction-based fraud alert system available to its policy-issuing title agents. Fraud continues to challenge the real estate industry, with real estate-related fraud losses totaling over $145 million in 2023, according to the FBIs annual Internet Crime Report. Order Insights leverages First Americans industry-leading data assets to provide title agents an edge in reducing fraud risk.
Tracking live weekly housing data would have been nearly impossible just a few years ago, but now we can gather and analyze real-time housing demand data. This valuable information can significantly enhance our understanding of housing economics and what is coming next. The question is: How can we harness the data to give you more confidence when talking about the housing market?
Colorado Springs, Colo. is Realtor.coms Top Housing Market for 2025 , a list of the top 100 housing markets that are forecast to see increased sales in the coming year. Rounding out the top 10 markets are Miami-Fort Lauderdale-Pompano Beach, Fla.; Virginia Beach-Norfolk-Newport News, Va.-N.C.; El Paso, Texas; Richmond, Va.; Orlando-Kissimmee-Sanford, Fla.; McAllen-Edinburg-Mission, Texas; Phoenix-Mesa-Chandler, Ariz.; Atlanta-Sandy Springs-Alpharetta, Ga.
The Federal Housing Administration (FHA) on Wednesday published a final rule in the Federal Register, establishing a permanent program to sell seriously delinquent, FHA-insured single-family mortgages following the release of a proposal over the summer. A public inspection version of the rule was released on Tuesday prior to its final publication. This rule amends the requirements for the sale of eligible single family mortgage loans insured by the [FHA] that have been assigned to the secretary
In its response to an NAR appeal, the DOJ acknowledged that, although it had closed an investigation into two NAR policies in 2020, it didn't agree not to reopen it.
Real estate website design is evolving fast. Todays sites are sleeker, faster and capture leads based on data from tens of millions of user interactions. To keep up, your site needs to offer more than just a pretty picture of a lakefront mansion. In 2025, effective websites leverage beautiful imagery, videography, graphics, copywriting, captivating typography and user experience design (UX) to educate buyers and sellers and sell you as a hyper-local market expert and trusted advisor.
Inflation picked up to 2.7% in November, while matching expectations, the last mile to the Feds 2% target proves to be the most challenging. Shelter costs continued to be the main driver of inflation, contributing nearly 40% of the monthly increase. However, the year-over-year change in the shelter index remained below 5% for a third.
An ongoing lawsuit between two major reverse mortgage lenders, Mutual of Omaha Mortgage and Longbridge Financial , over marketing practices could come to an end if both parties can reach a settlement agreement prior to going to trial. But such an outcome isnt guaranteed, and Mutual of Omaha has requested additional time to provide a response to the allegations Longbridge laid out in its complaint, according to a court filing reviewed by HousingWire s Reverse Mortgage Daily (RMD).
Luxury clientele's resiliency toward interest rates and a well-performing stock market were primary factors in the luxury market's positive performance in 2024.
The U.S. Department of Housing and Urban Development (HUD)s Office of Policy Development and Research recently published a report that more closely examines the housing needs of older Americans and the pain points that have exacerbated their needs stemming from a national housing crisis. The material featured came from a workshop hosted by Fannie Mae and the Federal Reserve Bank of Philadelphia , which highlighted research assessing the impact of demographic shifts, including the aging U.S. popu
Titled Perfect Strangers, the latest commercial is part of Broward, Palm Beaches & St. Lucie Realtors' stated goal of creating a national movement to change how consumers think of real estate agents.
Every season is fraud season and title firm First American is not messing around. On Wednesday, the Big Four title company announced the launch of Order Insights, a real-time fraud alert system. The tool is available to all First American policy-issuing title agents and is now included with AgentNet Services, First Americans digital title product and service storefront.
The price of mobile homes has surged by approximately 58 percent between 2018 and 2023, outpacing the 37.66 percent growth in traditional single-family home prices.
The National Association of Realtors (NAR) commission lawsuit settlement agreement may have received final approval , but it looks like NARs commission lawsuit woes are not over. On Tuesday, two Ohio -based companies that specialize in the acquisition, renovation and management of distressed real estate properties in Northeast Ohio, Abandoned Homes Project Scattered Site I LLC and Scattered Site II LLC., filed a suit against NAR, claiming that the trade groups now abandoned Participation Rule ,
Order Insights helped protect over 130,000 files in November by validating transaction data, notifying title agents of discrepancies and identifying other potential fraud indicators.
Lamacchia Realty's Top Producing REALTORS for November 2024! Lamacchia Realty, Inc. has released its Top Producing REALTORS, for November 2024! This program recognizes the Top 10 REALTORS company-wide and the Top 3 or 5 REALTORS by office with the highest transaction numbers or sales for the month! November 2024 Winners of the Top 10 for the Company are: Eileen Doherty grew up in Woburn and resides in the area to this day.
Reading Time: 2 minutes Looking to make smart investments in your home that will pay off in the long run? Here are five key areas where your money can work harder for you, modernizing your living space, reducing costs, and attracting future buyers down the line. Energy-Efficient Windows & HVAC Investing in energy-efficient windows and a high-efficiency HVAC system transforms your homes comfort level while slashing your energy bills.
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