Housing Wire
DECEMBER 23, 2024
New home sales grew over last month in the latest Census report , but homebuilders are now facing a supply issue their inventory is building up. This is the reason why housing starts are at recession levels today. Monthly new home sales have been stagnant for the past two years. When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise.
Appraisal Buzz
DECEMBER 3, 2024
Where is the best place to spend your golden years? According to U.S. News & World Report’s new study, 2025’s Best Places to Retire in the U.S. , Naples, Florida takes the top spot. Florida’s Paradise Coast beat out 149 other top U.S. cities, with Virginia Beach, New York City, Sarasota, and Boise rounding out the top five best retirement locales.
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Sacramento Appraisal Blog
DECEMBER 3, 2024
Condos are struggling, and they’re really having a moment in today’s housing market. Let’s talk about what’s going on with volume, supply, and prices. Be sure to read my closing thoughts about housing doom and hot pockets too. UPCOMING SPEAKING GIGS: 12/5/24 Made 4 More Team (Exporting Data from MLS) 12/11/24 Gateway: Think Like an […] The post Condos are having a moment first appeared on Sacramento Appraisal Blog.
Inman
DECEMBER 19, 2024
Existing-home sales rose 6.1 percent annually in November while three out of four U.S. regions saw increases from 2023, according to new data released Thursday by the National Association of Realtors.
Speaker: Dylan Secrest
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Eyes on Housing
DECEMBER 5, 2024
House prices posted modest annual growth for the third quarter of 2024, as elevated mortgage rates kept many potential home buyers away from the housing market. Nonetheless, housing inventory has improved in recent months. Nationally, house price appreciation has decelerated for two straight quarters. According to the quarterly all-transactions House Price Index (HPI) released by.
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Housing Wire
DECEMBER 18, 2024
They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Several factors have been keeping labor steady, such as working through a backlog of orders and long turnaround times to complete projects.
Housing Wire
DECEMBER 19, 2024
Its late December so all the 2025 mortgage rate forecasts have been published. Unfortunately, all of them are already wrong. Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The most optimistic predictions assume 2025 will see mostly low 6s for the 30-year fixed rate mortgage. And yet with pesky inflation data not falling as quickly or as far as expected, Fed chair Jerome Powell suddenly changed his language in the Fed meeting on Dec. 19.
Housing Wire
DECEMBER 21, 2024
Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Total active listings are experiencing their traditional seasonal decline, but with less than two weeks left in the year, its evident that there are ready homebuyers in America.
Housing Wire
DECEMBER 30, 2024
Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. High inventory levels contribute to another problem as active listings are remaining unsold for longer periods. Although higher home prices , rising mortgage rates and other expenses are obvious factors, there may be more to the story. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is
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Housing Wire
DECEMBER 19, 2024
The housing industry is getting an early Christmas gift. The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million, a 4.8% increase over the revised October number and a 6.1% increase year over year. The annualized rate is the highest seen since the tally of 4.22 million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021.
Housing Wire
DECEMBER 20, 2024
Home sales in 2024 have been well below historic norms. Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash. But even investors have purchased fewer homes this year.
Housing Wire
DECEMBER 5, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Are you looking to add a dose of inspiration, humor and expertise to your Instagram feed? From luxury property tours to laugh-out-loud real estate memes, these 21 agents and influencers bring the best of the industry right to your phone.
Housing Wire
DECEMBER 17, 2024
Rent prices have fluctuated alongside home prices in this year’s housing market. More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. Seattle-based brokerage Redfin released a report this week that highlighted a 1.5% increase in asking rents for newly constructed apartments in 2024 the biggest spike in 18 months.
Housing Wire
DECEMBER 27, 2024
Theres no one-size-fits-all solution when it comes to finding the right transaction management software for your real estate business. Whether youre running a large brokerage, managing a small team or working on your own, the right transaction management platform can take the worry out of compliance and lighten your workload. Your unique business needs will determine which transaction software is right for your business.
Housing Wire
DECEMBER 27, 2024
If youre reading this article, youre not alone. Youve likely heard about real estate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Its a big decision to make whether youre just starting or want to take your career to the next level. Its important to understand how real estate teams work for you to decide whether its the right career move for you.
Housing Wire
DECEMBER 3, 2024
With technology rapidly advancing, Zumper is the latest company in the real estate industry to dive into artificial intelligence (AI) assistants. The rental portal this week launched an AI assistant named Zoe, which according to the company can answer “virtually any renter question about a property or its neighborhood.” Zoe can also help manage the process of renting an apartment by requesting tours and submitting leads.
Housing Wire
DECEMBER 20, 2024
Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors and upcoming speaker at the Housing Economic Summit, sat down with HousingWires Senior Director of Events Brena Nath to answer a few questions on what she thinks is to come for real estate in 2025.
Housing Wire
DECEMBER 17, 2024
The American dream is synonymous with two ideas. One is the idea that anyone in this country can find a path to economic success regardless of their circumstances at birth. The second idea is the symbolic encapsulation of the first idea: homeownership. Owning a home is the signifier of economic success, but over the last few years, that milestone has gotten farther out of reach for first-time homebuyers.
Appraisal Buzz
DECEMBER 19, 2024
The National Association of Realtors reports that existing-home sales increased in November. Three major U.S. regions saw growth in sales, but the West saw no change. All four regions saw an increase in sales year over year. The seasonally adjusted annual rate of existing-home sales, which includes completed transactions of single-family homes, townhomes, condominiums, and cooperatives, increased 4.8% from October to 4.15 million in November.
Appraisal Buzz
DECEMBER 16, 2024
Of the property managers aware of the practice, almost half (48%) report rent payments to credit agencies, says a new report from TransUnions Tenant and Employment group a 33% jump from last year, and last year was a 36% jump from the year before. That means more than half (52%) of property managers who report rent payments began doing so in the past two years.
Housing Wire
DECEMBER 30, 2024
Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings.
Housing Wire
DECEMBER 30, 2024
In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Tiffani Marroquin, head of growth and innovation for JPAR Real Estate. They discuss the utility of artificial intelligence (AI) for the real estate industry, as well as JPARs solutions designed to enhance agent and brokerage performance. This conversation has been edited for length and clarity.
Appraisal Buzz
DECEMBER 18, 2024
The U.S. Senate has announced the passage of the bipartisan Homebuyers Privacy Protection Act (S. 3502) , a measure that will ban trigger leads except in limited circumstances. When a consumer applies for a mortgage, credit bureaus are notified that the consumer is interested in financing, which is referred to as a trigger lead. That information is then sold by the credit bureaus to data brokers (including other lenders) without the consumers knowledge or approval.
Housing Wire
DECEMBER 27, 2024
As you plan your 2025, its important to be intentional about including self-development activities. After all, our business will only grow as much as we do as business owners. With hundreds of books to choose from, it can be overwhelming to know which one will truly have a positive impact on your life and your business. To help, we reached out to real estate agents nationwide to compile our list of the best books for real estate agents.
Appraisal Buzz
DECEMBER 2, 2024
Nationwide, the average rent price fell by -0.8% to $1,720 in October, marking their 15th consecutive month of year-over-year declines and falling the most for smaller-sized units, according to Realtor.com’s October Rental Report. Realtor.com notes that new rental properties coming onto the market are expected to put continued downward pressure on rents next year.
Housing Wire
DECEMBER 17, 2024
The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. The rule goes into effect on March 1, 2026, according to the CFPB.
Appraisal Buzz
DECEMBER 23, 2024
Freddie Mac s most recent survey of baby boomer housing opinions, preferences, and plans indicates that roughlythree quarters of homeowners born before 1964 are likely to pass a large portion of their $17 trillion in home equity to their offspring. The majority of boomers who own a home are certain they will enjoy a pleasant retirement, according to Freddie Macs recent, extensive study of respondents aged 60 and over.
Housing Wire
DECEMBER 17, 2024
The criminal charges against the Alexander brothers are now affecting Side s civil lawsuit against them. Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners , that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on. Side a white-label brokerage that affiliated with Official Partners argues that the criminal charges filed against the Alexanders last week require
Appraisal Buzz
DECEMBER 5, 2024
The recent surge in immigration to the United States has ignited discussions about its potential effects on the housing market, particularly concerning housing costs. This conversation is especially pertinent amid an ongoing affordability crisis, where approximately half of renters are cost-burdened, and many individuals are being priced out of homeownership.
Housing Wire
DECEMBER 2, 2024
Ryan Serhant ’s eponymous brokerage has been in rapid growth mode this year following the success of the Netflix show “Owning Manhattan,” and now investors want in on the action. SERHANT. announced Monday that it secured $45 million in a Series A funding round led by real estate venture capital firm Camber Creek and participation from Left Lane Capital.
Housing Wire
DECEMBER 17, 2024
Its hard to imagine something more disruptive to a housing market than a hurricane. Thats what the Tampa Bay metro area was faced with in October with Hurricane Milton, which made landfall in the area as a Category 3 storm. Milton set a record for tornado warnings with 129, and hundreds of homes were destroyed in Florida. In the days leading up to the storm’s landfall on Oct. 9, housing markets in the Tampa area came to a complete halt as sellers took their homes off the market.
Housing Wire
DECEMBER 18, 2024
Mortgage applications declined 0.7% on a seasonally adjusted basis during the week ending Dec. 13, driven by slight decline in refinance activity, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline in applications broke a five-week streak of increases in mortgage demand. Rising mortgage rates last week were a likely factor that deterred potential borrowers from refinancing.
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