Housing Wire

JANUARY 2, 2024

The last week of data for the year U.S. real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. Sales rates are climbing. We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together.

Housing Market 531

Housing Market Marketing Inventory Contracts 531

Sacramento Appraisal Blog

JANUARY 4, 2024

What’s the housing market going to do in 2024? Nobody has a crystal ball, but here are some emerging trends. Scroll quickly by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 01/12/24 Prime Real Estate (private event (I think)) 01/17/24 Gateway Event (private) 01/30/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 2/09/24 […] The post Real estate trends to watch in 2024 first appeared on Sacramento Appraisal Blog.

Real Estate 365

Real Estate Housing Market Appraisal Marketing 365

Real Estate News

JANUARY 3, 2024

Membership fell by more than 17,000 from November to December, and the association posted its first annual decline in more than a decade.

306

306

Inman

DECEMBER 31, 2023

Because we're sure you remember these stories all too well, we'll just get to it without further ado. Here are the top news stories of 2023, ranked by readership.

Brokerage 199

Brokerage Agents 199

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. However, a yearly forecast has limitations and in this crazy housing and economic cycle, if people give you a yearly forecast without guidance as variables change, you’ll be dealing with stale data.

Housing Market 531

Housing Market Marketing New Listings Construction 531

George Dell

JANUARY 3, 2024

An appraisal, everyone knows what is. Or do they? To explore this question, we must consider the theoretical – what USPAP expects. And we must consider what actually happens – in real, practical, practical, practice. In addition, we must consider other “valuations” types. We also might glance at what might be an ideal – given […] The post What IS an Appraisal?

Appraisal 195

Appraisal Valuation 195

Inman

JANUARY 4, 2024

More than 80 percent of real estate agents work for small brokerages with fewer than 25 agents, and the average is seven, Brad Inman writes. But their might was on full display in 2023.

Real Estate 197

Real Estate Real Estate Agent Brokerage Agents 197

Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he other major demographic trend you see is the aging of America,” Whitney said.

Housing Market 521

Housing Market Marketing Real Estate Agent Real Estate 521

The Appraiser Coach

JANUARY 2, 2024

There’s been a lot of talk recently about desktop appraisals. Everyone has their opinion, and there are many who are not in favor of this new development. I don’t know any more than you do about where things are headed, but from what I do know, and from connecting the dots, I think it’s that desktop appraisals will become more (not less) popular.

Appraisal 195

Appraisal Valuation Development Inspection 195

Real Estate News

JANUARY 2, 2024

MoxiWorks predicts home sales will increase 8% year-over-year in January, which could bolster economist predictions of a rebound in 2024.

290

290

Inman

JANUARY 4, 2024

Agent "glut" means part-timers are now the majority, leading to "widespread incompetence and pressure to maintain high commission rates," according to the Consumer Federation of America.

Agents 197

Agents Realtors Brokerage 197

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow. Those reading the tracker would have understood why the housing market dynamics shifted on Nov. 9, 2022, and they’ll be ready for what’s coming next.

Inventory 521

Inventory New Listings Housing Market Mortgage 521

Eyes on Housing

JANUARY 2, 2024

NAHB analysis of Census data shows that private residential construction spending rose 1.1% in November, after an increase of 2% in October. It stood at a seasonally adjusted annual pace of $897 billion. Total private residential construction spending is 3.7% higher compared to a year ago. The monthly increase for total construction spending is attributed to more co single-family and.

Construction 172

Construction 172

Real Estate News

JANUARY 4, 2024

Interest rates were nearly flat in the first week of 2024, ticking up slightly after nine weeks of declines.

Mortgage 279

Mortgage 279

Inman

JANUARY 2, 2024

Fourteen of the real estate industry's biggest leaders shared their thoughts on rising mortgage rates, slowing sales, antitrust suits, National Association of Realtors drama, and several other headline-making stories along with their hopes for the new year.

Real Estate 197

Real Estate Realtors Mortgage Realty 197

Housing Wire

JANUARY 5, 2024

Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are ending, which ties nicely to how I thought labor would recover after COVID. Even though the headline number on the report today beat estimates, we are entering a new phase of the economic cycle, which means you need to know where to look to get clues for a recession.

Marketing 511

Marketing Transportation Construction Government 511

Eyes on Housing

JANUARY 3, 2024

Due to tightened monetary policy, the count of total job openings for the economy continues to move slower. This is consistent with a cooling economy that is a positive sign for future inflation readings. In November, the number of open jobs for the economy declined to 8.8 million. This is notably lower than the 10.8 million reported a year ago.

Construction 169

Construction Marketing 169

Real Estate News

JANUARY 5, 2024

The impact of artificial intelligence covers a wide range of territory — from consumer engagement to property valuation — as the real estate landscape shifts.

Real Estate 278

Real Estate Valuation Agents 278

Inman

DECEMBER 30, 2023

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Agents 197

Agents 197

Housing Wire

JANUARY 3, 2024

A secondary school teacher in Colorado makes on average just under $63,000, according to the Bureau of Labor Statistics. If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. That’s a problem when a typical Colorado home – as defined by Zillow ‘s Home Value Index – costs more than $528,000.

Landlords 488

Landlords Home Value Construction Renovations 488

Eyes on Housing

JANUARY 5, 2024

Nonfarm payroll employment increased in 37 states and the District of Columbia in November compared to the previous month, while 13 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 199,000 in November, following a gain of 150,000 jobs in October.

Construction 168

Construction Marketing 168

Real Estate News

JANUARY 4, 2024

Zillow predicts some of the hottest markets for price growth and home sales will be those in the Great Lakes region, with three Ohio cities in the top 10.

Marketing 278

Marketing 278

Inman

JANUARY 4, 2024

The membership of the National Association of Realtors shrank by 1.7 percent last year as the trade group weathered a tough market and major lawsuits.

Realtors 195

Realtors Marketing Housing Market Brokerage 195

Housing Wire

JANUARY 5, 2024

Top-10 mortgage lender Guaranteed Rate has filed a lawsuit against retail rival New American Funding over poaching. But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. Despite the rise in poaching lawsuits in a competitive market, it’s the first time a large lender has publicly accused a competitor of violating the LO comp rule by allowing their salesforce to manipula

Loan Officers 482

Loan Officers Retail Law Business 482

Eyes on Housing

JANUARY 5, 2024

December’s jobs report concludes another solid year of job hiring in 2023. In December, total nonfarm payroll employment increased by 216,000, and the unemployment rate held steady at 3.7% for the second month. Job gains moderated in 2023 with an average 225,000 monthly employment growth but remained strong. In December, wage growth accelerated to a 4.

Construction 158

Construction 158

Real Estate News

JANUARY 2, 2024

The family-run company may not project the flashy style of some other firms, but it offers substance, with a successful growth strategy and continued momentum.

278

278

Inman

JANUARY 2, 2024

An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000.

Brokerage 195

Brokerage Agents 195

Housing Wire

JANUARY 3, 2024

Housing experts expect that a boost in apartment inventory in 2024 will dampen rent growth. However, affordability woes will persist. Commercial property firm CBRE estimates that rent prices will only grow 1.2% this year, bringing the vacancy rate above the pre-pandemic level, the Wall Street Journal reported. However, the occupancy rate will remain above 94%, according to CBRE’s U.S.

Inventory 482

Inventory Construction Property Management Real Estate 482

The Appraiser Coach

JANUARY 3, 2024

A simple concept, but how can you make this apply to real estate appraisal? How do you increase your volume and revenue by creating great offers for your potential clients? Check out this episode!

Real Estate 150

Real Estate Clients Appraisal 150

Real Estate News

DECEMBER 31, 2023

The CoStar CEO, who has openly criticized his competitors, set an ambitious goal for the company’s Homes.com search portal in 2023 — and beat it.

274

274

Inman

JANUARY 5, 2024

Rajeev Sajja and Jimmy Burgess offer a four-step formula for making your ChatGPT input the best it can be, so you get the results you really want.

Brokerage 193

Brokerage Agents Marketing 193

Housing Wire

JANUARY 4, 2024

Los Angeles-based rental management software provider RentSpree successfully passed an audit regarding its data protection strategy, obtaining the System and Organization Controls (SOC) 2 Type II compliance. SOC 2 is regarded as the premier data security standard for Software as a Service (SaaS) providers. Developed by the American Institute of Certified Public Accountants , the SOC 2 Type II audit examines a company’s controls related to security, availability, processing integrity, confi

Tenants 477

Tenants Insurance Development Mortgage 477

The Appraiser Coach

JANUARY 3, 2024

With less volume comes more time on your hands. Some appraisers are using that time to attack others. Dustin gives a better solution to how you might spend your extra time. Check out this episode!

Appraisal 150

Appraisal 150

Real Estate News

JANUARY 2, 2024

Robert Reffkin got a hefty cash bonus and a raise for 2024, but he had to give up a stock plan worth upwards of $25 million.

264

264