Housing Wire
DECEMBER 9, 2024
Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Two and a half years. As we look into 2025, the question everyone is asking is: Do we have a new era starting? Does the housing market start to get back to normal? What can the data today tell us about signals for growth or weakness after the new year?
Appraisal Buzz
DECEMBER 9, 2024
The latest Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.4 points in November to 75.0, continuing its sharp upward trend over the past year, as consumers appear to be acclimating to higher mortgage rates in todays home price environment. In November, a new record-high share of consumers indicated that they expect mortgage rates to decline over the next 12 months, while fewer respondents said they expect home prices to rise.
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Housing Wire
DECEMBER 9, 2024
A survey of 1,000 Americans ages 65 and older found that nearly 90% want to age in place in their own homes. The survey also listed the best and worst cities for aging in place based on cost of living, availability of care and life expectancy. The survey , conducted by This Old House , asked respondents about their plans, priorities, and perspectives on aging in place.
Appraisal Buzz
DECEMBER 9, 2024
Consumer confidence in the housing market improved significantly in November, rising to a score of 75.0 on the Fannie Mae Home Purchase Sentiment Index. In the monthly survey, the share of consumers say it is a good time to buy a home increased, relative to the previous months survey while the share say it is a bad time to buy a home decreased. In addition, a higher percentage of consumers say they expect home prices will decrease in the next 12 months.
Housing Wire
DECEMBER 9, 2024
In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Portside Real Estate Group CEO Dava Davin to discuss the importance of buyer consultations, brokerage leadership styles and ancillary solutions for brokerage growth in 2025. This interview has been edited for length and clarity. After a brief icebreaker segment, Velt and Davin dive into the latters background in athletics and how it informs her approach to business and leadership.
Appraisal Buzz
DECEMBER 9, 2024
The U.S. rental market continued to evolve in October 2024, revealing notable shifts in renter preferences and competitive trends across major cities. According to a RentCafe Rental Activity Report , Washington, D.C., secured its position as the most desirable city for renters, followed by Minneapolis and Cleveland, reflecting unique dynamics in each metro area.
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Appraisal Buzz
DECEMBER 9, 2024
In a newly released report, according to a recent survey from Redfin , the Homebuyer Demand Index is close to its highest level seen since September 2023. A seasonally adjusted indicator of tours and other purchasing services from Redfin agents, the Homebuyer Demand Index, is up approximately 7% over the previous year. Applications for mortgage purchases are at their highest level since late January, rising 17% month-over-month.
Housing Wire
DECEMBER 9, 2024
The U.S. Department of Housing and Urban Development (HUD) on Monday announced the disbursement of $72.6 million in new funding under the Indian Community Development Block Grant (ICDBG) program, adding up to $2 million to 38 individual community recipients to bolster housing development , expansion and preservation. The grant funds will be primarily deployed to bolster infrastructure, construction or renovation of community buildings, housing rehabilitation, land acquisition and economic develo
Appraisal Buzz
DECEMBER 9, 2024
Based on the extensive mortgage, real estate, and public records data sets that the company possesses, Intercontinental Exchange, Inc. has published its December 2024 ICE Mortgage Monitor Report. In August and September of this year, the mortgage industry saw a welcome surge in refinance activity as 30-year conforming mortgage interest rates dropped into the low 6% level.
Housing Wire
DECEMBER 9, 2024
If 2024 was a rollercoaster, 2025 is shaping up to be a championship gameand every buyer , seller and homeowner has a shot at winning big. After a year filled with rate swings, unpredictable markets and a bit of drama (thank you, inflation), the real estate world is ready for a fresh start. Whether youre looking to buy your first home, upgrade or simply gain clarity on the current market , this guide is your insiders playbook to tackle 2025 with confidence.
Appraisal Buzz
DECEMBER 9, 2024
To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. These methods provide a solid foundation for demonstrating how changing market conditions affect property values over time. Below is a detailed explanation of each technique to ensure the adjustments are well-supported and align with market trends.
Housing Wire
DECEMBER 9, 2024
In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Portside Real Estate Group CEO Dava Davin to discuss the importance of buyer consultations, brokerage leadership styles and solutions for brokerage growth in 2025. This interview has been edited for length and clarity.After a brief icebreaker segment, Davin dives into the her background in athletics and how it informs her approach to business and leadership.
Housing Wire
DECEMBER 9, 2024
Although eXp Realty s tagline may be the most agent-centric brokerage on the planet, CEO Leo Pareja said the company will strive to keep the best interests of the consumer at the center of its decisions in 2025. According to Pareja, this is a way of thinking he really homed in on in 2024. The one thing that has kind of been driving my decision making this year is keeping the consumer at the center of that decision-making tree, Pareja said.
Real Estate News
DECEMBER 9, 2024
Housing Wire
DECEMBER 9, 2024
The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. In a wide-ranging interview with HousingWire ‘s Reverse Mortgage Daily (RMD), Allen first explored the state of the business today and how Rate aims to make an impact going forward.
Appraisal Buzz
DECEMBER 9, 2024
U.S. home equity continued to rise in the third quarter, increasing by $425 billion, or 2.5%, to a record $17.5 trillion, according to CoreLogics Homeowner Equity Report (HER). Driving the increase was rising home prices. However, there are certain markets in the U.S. where home price appreciation is slowing dramatically. As a result, the share of residential properties that fell into negative equity increased by 30,000 homes or 1.8%.
Housing Wire
DECEMBER 9, 2024
Not only has Realty ONE Group successfully had its commission lawsuit settlement agreement approved, but the firm has also succeeded in being dismissed from the Masiello copycat commission lawsuit. On Thursday, Judge Douglas L. Rayes who is overseeing the suit in U.S. District Court in Phoenix, granted the joint motion to dismiss filed by plaintiff John Masiello and defendant Realty ONE Group Arizona.
Appraisal Buzz
DECEMBER 9, 2024
Mortgage purchase applications increased 17% month-over-month in November to their highest level since late January, according to Redfin. In addition, U.S. home listings were up 3% year-over-year as of December 1, according to the technology-powered real estate brokerage. Whats more, pending home sales increased 6.5% year-over-year in November. Redfin attributes the surge in activity to two main factors: Many people were waiting for the election to pass before getting serious about buying a home
Housing Wire
DECEMBER 9, 2024
A month and a half after the plaintiffs in the Gibson copycat commission lawsuit took issue with eXp World Holdings nationwide settlement agreement in the Hooper suit, eXp, along with other settling defendants and the lead plaintiff, have fired back in opposition. In responses filed on Thursday, Atlanta Communities Real Estate Brokerage , Higher Tech Realty , Weichert Realtors of North America , eXp, and the lead plaintiff 1925 Hooper LLC. , all shared their thoughts as to why their suit should
Appraisal Buzz
DECEMBER 9, 2024
Newfi Lending has launched a redesigned website that features a new calculator that aims to simplify the decision-making process for customers when researching their home equity options. The redesigned website offers a modern, mobile-friendly interface that makes browsing a seamless experience, the company says in a release. It includes enhanced product information, detailed explanations to frequently asked questions, and easy access to products and services.
Inman
DECEMBER 9, 2024
While only 23 percent of Americans surveyed by mortgage giant Fannie Mae in November thought it was a good time to buy a home, that's up from 14 percent a year ago, when mortgage rates were near post-pandemic peaks.
Inman
DECEMBER 9, 2024
Good technology helps agents save time. It helps agents stay organized. And it can help agents land deals with serious customers ones who may refer even more business their way.
Inman
DECEMBER 9, 2024
Multifamily operators must know that trends are fickle and vogue fades, multifamily expert Michael Zaransky writes. Build a community around your amenities, not vice versa.
Eyes on Housing
DECEMBER 9, 2024
Mortgage rates climbed in November, driven by market volatility and a surge in Treasury yields following the recent elections. On the day after the election results, the 10-year Treasury yield spiked by 14 basis points (bps), setting the stage for further rate increases throughout the month. According to Freddie Mac, the average rate for a.
Inman
DECEMBER 9, 2024
Senior real estate specialist Nikki Buckelew writes that understanding cognitive impairment among seniors is about being more than just a real estate professional its about being a trusted guide during one of the most challenging transitions of someones life.
BiggerPockets
DECEMBER 9, 2024
If you want to buy a million-dollar home and have enough for a down payment, you can now ask Uncle Sam for the rest.
Inman
DECEMBER 9, 2024
For broker-owners looking to expand their real estate business, the right partnership can be a game-changer.
BiggerPockets
DECEMBER 9, 2024
The hospitality industry is evolving faster than ever, and the lines between hotels and short-term rentals (STRs) are fading.
Inman
DECEMBER 9, 2024
Rachael Hite shares strategies for combatting client misinformation while maintaining close connections and positive communication.
BiggerPockets
DECEMBER 9, 2024
Return to office mandates from the tech and finance industries are coming rapidly. But theyre not just going back to the downtown areas.
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