Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. It will likely take mortgage rates to go under 6% and stay there for an extended period to get real sustained demand growth from record-low sales levels. However, considering the affordability challenges with the housing market , it’s good to see a flip in the housing data without rates getting under 6%.

Mortgage 523

Mortgage Inventory New Listings Contracts 523

Appraisal Buzz

SEPTEMBER 5, 2024

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Construction 459

Construction Inventory Housing Market Contracts 459

Real Estate News

SEPTEMBER 20, 2024

A new guide explains the types of compensation allowed (not an “open-ended amount or a range”), how buyers can ask sellers to pay and when it’s OK to walk away.

Buyers 303

Buyers Agents Sellers 303

Eyes on Housing

SEPTEMBER 11, 2024

In 2023, the majority of homes started featured laundry connections on the first floor (72%), according to the Census’s Survey of Construction. Laundry located on the second floor or higher was the second most prevalent at 26%. The basement, garage, and other locations all had a 1% or lower share. In NAHB’s What Home Buyer’s.

Construction 206

Construction Buyers 206

Inman

SEPTEMBER 23, 2024

California District Judge George H. Wu declined Move's preliminary injunction request against CoStar on Monday, stating the portal failed to prove the risk of "imminent, irreparable harm.

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BiggerPockets

SEPTEMBER 27, 2024

Commercial real estate has felt like a slow-motion car crash over the last two years, but as you continue (or start) investing passively, consider this framework for evaluating risk.

Investing 79

Investing Real Estate Marketing 79

Appraisal Buzz

SEPTEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) has announced that it will revisit its proposal to amend the Suspended Counterparty Program (SCP). The SCP regulation requires a regulated entity to report to FHFA if an individual or institution that it does business with has committed certain types of misconduct within the prior three years. It also authorizes FHFA to order its regulated entities to cease doing business or refrain from entering into new business with certain counterparties.

Finance 433

Finance Business Real Property Development 433

Real Estate News

SEPTEMBER 27, 2024

The new law, which takes effect Jan. 1, allows agreements to be extended — but not automatically. It was created in response to the NAR settlement.

Buyers 289

Buyers Law Agents 289

Eyes on Housing

SEPTEMBER 16, 2024

Over the first seven months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 599,308. On a year-over-year (YoY) basis, this is an increase of 13.7% over the July 2023 level of 527,158. Year-to-date ending in July, single-family permits were up in all four regions. The range of permit increases spanned.

Construction 180

Construction Marketing 180

Inman

SEPTEMBER 21, 2024

With this week's half-percent rate cut from the Federal Reserve, agents are hoping sellers will finally get off the fence and loosen up some inventory to get the market moving.

Marketing 195

Marketing Inventory Sellers Agents 195

BiggerPockets

SEPTEMBER 30, 2024

Are real estate syndications dead? Some multifamily syndicators are making capital calls and hiding information from investors who anxiously wait (and pray) for their money to be returned.

Real Estate 78

Real Estate Investors Marketing 78

Housing Wire

SEPTEMBER 27, 2024

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.

Sellers 506

Sellers Buyers Agents Brokerage 506

Appraisal Buzz

SEPTEMBER 18, 2024

For the first time in four years, the Federal Reserve has slashed its benchmark interest rate, a move that will force lower borrowing costs for consumers and businesses. The rate cut of a full half-point to a new range of 4.75% to 5.0% was announced by Federal Reserve Chair Jerome H. Powell at the conclusion of today’s Federal Open Market Committee (FOMC) meeting.

Investors 435

Investors Mortgage Buyers Real Estate 435

Real Estate News

SEPTEMBER 16, 2024

Using the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.

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Eyes on Housing

SEPTEMBER 18, 2024

After its first post-COVID rate hike enacted more than two years ago, the Fed’s Federal Open Market Committee (FOMC) announced at the conclusion of its September meeting a significant reduction for the short-term federal funds rate. Tight monetary policy was undertaken to fight the worst bout of inflation in four decades. Today’s policy action marks.

Marketing 174

Marketing 174

Inman

SEPTEMBER 23, 2024

The American Real Estate Association's call to end NAR's pocket rule has drawn more than 2,000 signatures since Friday, according to group co-founder Jason Haber, a Compass agent.

Real Estate 190

Real Estate Agents Realtors Brokerage 190

BiggerPockets

SEPTEMBER 25, 2024

It’s been a little over a month since the groundbreaking rules regarding agent commissions stipulated in a $418 million settlement between the DOJ and NAR (National Association of Realtors) took […]

Agents 79

Agents Business Realtors Real Estate 79

Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s review the data together. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates.

Mortgage 518

Mortgage Inventory New Listings Retail 518

Mortgagebroker News

SEPTEMBER 25, 2024

Company releases white paper warning employers to beef up security in hiring after deepfake scam

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80

Real Estate News

SEPTEMBER 18, 2024

The board took an aggressive approach with its 50-basis point cut, and signaled that two more cuts are coming this year.

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Eyes on Housing

SEPTEMBER 9, 2024

Although rent control policies do, in fact, produce lower rents in the controlled units as intended, these policies also have a number of unintended and undesirable consequences, according to a recently published review of the academic literature. Among the unintended consequences are a reduced supply of housing, higher rents in uncontrolled units, reduced quality in.

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Inman

SEPTEMBER 19, 2024

Fed easing was already priced into mortgage rates, but there's room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening.

Investors 195

Investors Mortgage Marketing 195

BiggerPockets

SEPTEMBER 27, 2024

There's a lot of opposition to real estate investing, and it centers around three key objections. Do they have a point? Or is there a better way to address the issue?

Real Estate 79

Real Estate Investing 79

Housing Wire

SEPTEMBER 19, 2024

Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. So what was the reaction from agents when the Federal Reserve surprised everyone by cutting rates by 50 basis points rather than the 25 that was taken as a given?

Real Estate Agent 506

Real Estate Agent Real Estate Agents Buyers 506

Mortgagebroker News

SEPTEMBER 17, 2024

But many still face financial struggles despite improving economic confidence

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82

Real Estate News

SEPTEMBER 25, 2024

Florida, North Carolina and Texas dominate a new report sizing up the top 10 markets for real estate investment.

Investors 281

Investors Real Estate Investing Marketing 281

Appraisal Buzz

SEPTEMBER 19, 2024

ATTOM has released its second-quarter 2024 U.S. Home Flipping Report , showing that 79,540 single-family homes and condominiums in the U.S. were flipped over the period. Those transactions represented 7.5%, or one of every 13 home sales, nationwide during the months of April through June 2024. The latest portion of flipped properties was down from 8.7% of all sales in the U.S. during Q1 of 2024.

Renovations 433

Renovations Investors Property Taxes Investing 433

Inman

SEPTEMBER 20, 2024

The Department of Housing and Urban Development has partnered with Zillow for "Let's Make Home the Goal," a campaign aimed at connecting minority communities with HUD pre-housing counseling services.

Development 192

Development 192

BiggerPockets

SEPTEMBER 25, 2024

Last year, Jussi Askola explained why he believes REITs are better investment vehicles than rental properties. This year, he explains why nothing has changed.

Investing 82

Investing 82

Housing Wire

SEPTEMBER 26, 2024

The question from the housing industry after the Federal Reserve ’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market? A new report from Redfin suggests that it is already happening. The company analyzed mortgage rate-lock data from Optimal Blue and found that locks have risen 68% this week compared to one month earlier.

Real Estate Agent 493

Real Estate Agent Housing Market Agents Buyers 493

Mortgagebroker News

SEPTEMBER 25, 2024

Association president hails ‘significant win’ for Canadians

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Eyes on Housing

SEPTEMBER 3, 2024

The cost per square foot of a single-family home declines systematically as the home becomes larger, according to NAHB analysis of two recent data sources. In microeconomics, unit costs that decline as a business operation increases in size are called economies of scale. In home building, economies of scale may exist in several forms. It.

Construction 180

Construction Business 180

Appraisal Buzz

SEPTEMBER 11, 2024

CoreLogic has released its CoreLogic Home Price Index (HPI) and HPI Forecast for July 2024. U.S. year-over-year home price gains inched down, reaching 4.3% in July, falling further from the previous month’s 4.7% and resting below 5% for the third consecutive month. On a month-over-month basis, home prices decreased by 0.01% in July 2024 compared with June 2024.

Marketing 445

Marketing Housing Market Buyers Mortgage 445

Inman

SEPTEMBER 30, 2024

University of Buffalo contracts law professor Tanya Monestier's sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal.

Contracts 184

Contracts Law Buyers Realtors 184