Housing Wire
DECEMBER 23, 2023
As we approach Christmas day, we can only hope that the Federal Reserve now realizes their fear of 1970s-style inflation created a rate-hike cycle that disproportionately impacted the U.S. housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke.
Real Estate News
DECEMBER 28, 2023
Attorneys for NAR have requested a stay in the Gibson case until after post-trial motions are resolved in Sitzer/Burnett.
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Inman
DECEMBER 25, 2023
For decades, luxury agents counted on industry conferences and professional development events to expand their networks, but the world has changed.
Miller Samuel
DECEMBER 27, 2023
I joined my friend Barry Ritholtz for the second time on his new podcast, At The Money (or cleverly, ATM). Masters in Business is still going strong, but he had a new idea – create a really good personal finance-focused show. ATM is still in the MIB feed but will have its own podcast feed in the new year. Talking Head's Burning Down The House ‘ as the intro music!
Housing Wire
DECEMBER 26, 2023
Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. “Barring any sort of unforeseen consequences, I’d like to think so , ” Joseph said in an interview. “Obviously, this cycle was fast and furious – for lack of a better term – in terms of how quickly rates went up, and volumes basically got cut into a third of what they wer
Real Estate News
DECEMBER 28, 2023
Perhaps the last copycat case to be filed this year, the complaint targets NAR and 13 major brokerages in a class action suit with nationwide reach.
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George Dell
DECEMBER 27, 2023
Resolved: I am going to do better this year. Done! Each new year, most of us give some thought to how the next year might be better or different from last year. We set some intentions. We call these “Resolutions.” Or not. What’s wrong with this pledge to self? Lets look. You have to ask […] The post Resolved Resolutions? appeared first on George Dell, SRA, MAI, ASA, CRE.
Housing Wire
DECEMBER 26, 2023
Despite lower sales activity, home prices continued their upward trend in October, according to the S&P CoreLogic Case-Shiller Home Price Index. Real estate experts say the performance reflects limited inventory in the country, a problem expected to continue in 2024. The data released on Tuesday shows that home prices in all nine U.S. census divisions posted a 4.8% annual gain in October, up from a 4% gain in the previous month.
Real Estate News
DECEMBER 27, 2023
Zillow Group alleges that the MLSs and the MLS Aligned network are participating in anticompetitive practices by limiting member access to ShowingTime.
Inman
DECEMBER 26, 2023
This year's top how-tos run the gamut from commission conversations to content creation. Ranked by highest readership, here are the top how-tos from Inman contributors this year.
The Appraiser Coach
DECEMBER 26, 2023
I’ve used a number of communication tools over the years. I started with Heytell, and loved the walkie-talkie feature. I used that program for several years before moving to Voxer, which had a similar feature. Most recently, I was using WhatsApp, which can do talk, text, video, and still has the walkie-talkie feature (I really like that one, can you tell?).
Housing Wire
DECEMBER 27, 2023
Zillow Group and ShowingTime are taking two multiple listing services (MLSs) to court, due to their allegedly anticompetitive behavior. On Friday, Zillow Group and ShowingTime filed a lawsuit in U.S. District Court in Arizona against Arizona Regional MLS and Wisconsin -based Metro MLS. The lawsuit also names MLS Aligned , the parent company of showing platform Aligned Showings.
Real Estate News
DECEMBER 27, 2023
The New York Times — which has put an uncomfortable spotlight on NAR this year — suggests that member dissatisfaction could give rise to other options.
Inman
DECEMBER 26, 2023
A year after ChatGPT burst onto the scene, real estate professionals told Inman that AI and AI-backed companies are on the way to becoming a baked-in part of the modern real estate business.
Eyes on Housing
DECEMBER 29, 2023
With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. At the end of 2022, Natalia Siniavskaia provided a new estimate for the current size of the U.S.
Housing Wire
DECEMBER 27, 2023
The nation’s second largest title insurer , First American , as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. 20 cybersecurity incident. The systems outage has derailed closings across the country over the holidays for homebuyers and sellers using the company’s title services in more than 2,000 locations.
Real Estate News
DECEMBER 27, 2023
Mikaela Arroyo of John Burns Research says homebuyers will prioritize affordability over 'bells and whistles' and accept smaller homes that meet their needs.
Inman
DECEMBER 26, 2023
Las Vegas Realtor and new Inman contributor John Sullivan says lasting success in real estate comes less from transactions and more from connections that are nurtured for the long term.
Eyes on Housing
DECEMBER 28, 2023
With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year.
Housing Wire
DECEMBER 28, 2023
As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixed-rate mortgage averaged 5.93% this week, down from 6.95% one week ago.
Real Estate News
DECEMBER 26, 2023
Despite 8% interest rates in October, annual home price growth continued to increase in most markets, the latest Case-Shiller report shows.
Inman
DECEMBER 29, 2023
Land expert and new Inman Contributor Poujan Sadri offers insights to help you understand the world of land use and development for residential, commercial or industrial projects.
Eyes on Housing
DECEMBER 25, 2023
With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. Two such posts focused on home prices and construction costs. In November, Natalia Siniavskaia examined 2022 Census data to report regional differences for pricing of different kinds of home construction: Square Foot Prices More than Double Inflation.
Housing Wire
DECEMBER 26, 2023
Mortgage subservicer Loancare informed authorities that the data of about 1.3 million customers was compromised following a cyberattack in November on its parent company, the big four title firm Fidelity National Financial (FNF). This data includes customers’ social security numbers. The company informed officials in Maine and California that 1,316,938 customers had information accessed by hackers during the incident.
Real Estate News
DECEMBER 28, 2023
Following last week’s substantial drop, rates leveled off but still declined modestly, while pending home sales were flat.
Inman
DECEMBER 26, 2023
Perisphere uses an onboard computer vision solution and 0 percent commission model to help consumers self-direct transactions. And it's using current consumer sentiment against agents to promote the tool.
Eyes on Housing
DECEMBER 26, 2023
With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. Trends concerning building material pricing were examined monthly by David Logan. In May, David reported on a pivot for aggregate building material price growth. Building Materials Prices Fall for Second Month Straight This December post details.
Housing Wire
DECEMBER 26, 2023
U.S. house prices increased year over year in October, according to the Federal Housing Finance Agency (FHFA) House Price Index. However, the data shows it slowed down compared to the previous month. In fact, home prices climbed 6.3% from October 2022 to October 2023, compared to 5.5% year over year in September, according to the FHFA HPI released on Tuesday.
Real Estate News
DECEMBER 26, 2023
Home search sites have become an integral part of the real estate industry, for agents and consumers alike. Where do they stand, and what’s next for portals?
Inman
DECEMBER 29, 2023
Scandals, lawsuits, technology and more dominated the headlines in what turned out to be one of real estate's most eventful years in recent memory.
BiggerPockets
DECEMBER 23, 2023
A good ROI on rental property typically ranges from 6% to 10%, although this can vary with location, property type, and market conditions. In some areas, ROIs over 12% are possible, while in expensive urban locations, a 4% to 6% ROI may still be favorable.
Housing Wire
DECEMBER 29, 2023
More than a week after it shut down systems to combat a cybersecurity incident , title insurance giant First American Financial says it has restored some key systems and “contained the threat.” Though details about the hack — which has delayed closings across the country — remain sparse, a filing was made with the Securities and Exchange Commission on Friday for the first time disclosing data theft. “As of the date of this filing, the Company believes it has contained the incid
Real Estate News
DECEMBER 28, 2023
Emma Hernan, one of the star agents in the hit Netflix series, discussed LA’s mansion tax, cash offers and more with Real Estate News.
Inman
DECEMBER 27, 2023
Bosscat, formerly PunchlistUSA, has released a new home maintenance and long-term house management product called Homebase.
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