Housing Wire
FEBRUARY 17, 2024
Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire , let’s look at where we are with mortgage rates and their impact on weekly housing data. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024.
Sacramento Appraisal Blog
FEBRUARY 20, 2024
Today my blog turns 15 years old. And blog years are sort of like dog years, so my blog is basically super old and wearing Depends now. Anyway, today I want to share some things I’ve learned along the way about content and life. And I know it sounds cheesy, but the best thing to […] The post Things I’ve learned after 15 years of blogging first appeared on Sacramento Appraisal Blog.
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Real Estate News
FEBRUARY 17, 2024
The newest statement from the Department of Justice focuses on one MLS settlement in a specific case but could be a blueprint for the industry as a whole.
Inman
FEBRUARY 23, 2024
Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a "major watershed" in promoting more competition in real estate.
Housing Wire
FEBRUARY 20, 2024
Are last year’s surprising home price gains evaporating? As interest rates climb again, some of the price signals are softening. Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. The price reductions data has turned less bullish for future sales also. Mortgage rates are back over 7%. We can see the impact on homebuyer demand across several of our stats.
Miller Samuel
FEBRUARY 22, 2024
I joined the folks at 27East again for a discussion on the housing market outlook for 2024 in the Hamptons. They always foster a great conversation and I enjoyed this one as I always do. 27east.com · Real Estate Analyst Gives 2024 Hamptons Outlook The post [27 Speaks Podcast] Jonathan Miller Provides A 2024 Hamptons Outlook first appeared on Miller Samuel Real Estate Appraisers & Consultants.
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George Dell
FEBRUARY 21, 2024
The word “modernization” has a meaning different from what I thought. It seems to depend on who is using the word. To me, it just meant “get with it!” To our GSEs (Fannie Mae and Freddie Mac), it means something special. The dictionary definitions and explanations focus on the social and even political aspects of […] The post What is Appraisal Modernization?
Housing Wire
FEBRUARY 19, 2024
California looms large in any discussion of housing affordability. The largest state by population, one out of every eight Americans lives in the Golden State, but the homeownership rate is dismal. According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate for California is 50 percentage points lower than the rest of the nation at only 44% in 2021.
The Appraiser Coach
FEBRUARY 20, 2024
I’ve talked a lot about what I term the “principles of success.” I truly believe in them, and I think they are all important to achieving success. A lot of people ask me though what the one key to success is. In reality, there isn’t just one. There are many little things that need to be done in order to get where you want to be. However, there is one very important key to success that I’d like to talk about today: action.
Real Estate News
FEBRUARY 21, 2024
Celebrating excellence should be about, well, actual excellence — not the size of someone’s wallet.
Inman
FEBRUARY 17, 2024
In the post-Sitzer world we now live in, agents and brokers are already dealing with the new reality by cutting buyer commissions to the bone.
Housing Wire
FEBRUARY 22, 2024
Government-sponsored enterprise (GSE) Fannie Mae announced on Thursday the appointment of Peter Akwaboah as executive vice president and chief operating officer, effective May 20, 2024. Akwaboah, who is currently serving as COO for technology and global head of innovation at Morgan Stanley , has nearly 30 years of experience in the financial services industry.
Eyes on Housing
FEBRUARY 23, 2024
With home building volumes lower, labor shortages have eased considerably since record levels set in 2021 but remain relatively widespread in a historic context, according to results from the latest NAHB/Well Fargo Housing Market Index (HMI) survey. The February 2024 HMI survey asked builders about shortages in 16 specific trades. The percentage of builders reporting a shortage (either some or.
Real Estate News
FEBRUARY 20, 2024
The Batton 1 lawsuit was brought by buyers, not sellers, and will move forward against NAR, Anywhere, RE/MAX and Keller Williams with fewer claims.
Inman
FEBRUARY 18, 2024
Meeting the unique needs of buyers and sellers today means knowing just what to say to generate important dialogues. Jimmy Burgess offers scripts that resonate in our current market moment.
Housing Wire
FEBRUARY 23, 2024
Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. 23, 2024. The metro area, which comprises Southern New Hampshire and the North Shore region of Massachusetts , had an Altos Market Action Index score of 60.59 in late February, over a full point higher than the second-place fi
Eyes on Housing
FEBRUARY 21, 2024
An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended lower.
Real Estate News
FEBRUARY 22, 2024
Amy Lessinger, former SVP of Region Development, takes over as president, while two other execs receive promotions.
Inman
FEBRUARY 23, 2024
Guttentag "remained sharp to the end” and continued researching and writing about mortgages until passing away peacefully on Feb. 6.
Housing Wire
FEBRUARY 23, 2024
We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%.
Eyes on Housing
FEBRUARY 19, 2024
Single-family built-for-rent construction accelerated at the end of 2023, as builders sought to add additional rental housing in a market facing elevated mortgage interest rates. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 22,000 single-family built-for-rent (SFBFR) starts during the fourth quarter of 2023.
Real Estate News
FEBRUARY 22, 2024
Millennial and Gen Z buyers have a higher tolerance for elevated mortgage rates, and many believe it’s a good time to buy, a Realtor.com survey found.
Inman
FEBRUARY 17, 2024
In a recent appearance at Inman Connect New York, the Compass CEO discussed his company's ongoing industry dominance and came out in favor of Homes.com in the portal wars.
Housing Wire
FEBRUARY 21, 2024
Earlier this month, real estate investment management firm Pretium Partners raised $1 billion to acquire build-to-rent homes, bringing its total investment in the sector to $2.5 billion. The investment was needed to chip away at a pronounced national housing shortage caused by “decades of under-building and under-investment,” according to Josh Pristaw, Pretium’s head of real estate.
Eyes on Housing
FEBRUARY 22, 2024
According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts declined somewhat during the fourth quarter of 2023. For the quarter, 102,000 multifamily residences started construction. Of this total, 98,000 were built-for-rent. The market share of rental units of multifamily construction starts fell back to a still elevated 96% for the fourth quarter as the.
Real Estate News
FEBRUARY 21, 2024
A new NAR report finds that homeownership has increased over the past decade, but Asian, Hispanic, and especially Black Americans face more hurdles.
Inman
FEBRUARY 19, 2024
The Triple-I goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey.
Housing Wire
FEBRUARY 23, 2024
The year 2024 has started with cautious optimism that mortgage rates will drop, sparking much-needed activity in the sluggish U.S. housing market. Mortgage rates, however, have been on a rising trend of late. Recent data shows that the economy is booming, while the Federal Reserve is signaling that it will take its time before cutting benchmark interest rates.
Eyes on Housing
FEBRUARY 21, 2024
Homeownership provides a wide range of benefits to households. In addition to providing households with a stable place to live, homeownership also offers an opportunity for households to accumulate assets and build wealth over time through equity. As of 2022, 66.1% of U.S. households owned their homes. For families that owned a home, the median net housing value (the value.
Real Estate News
FEBRUARY 21, 2024
ARMLS and Metro MLS respond to “monopoly” claims, contending that its showing management platform leads to increased competition, not less.
Inman
FEBRUARY 23, 2024
If you know you should be creating video for marketing, but you're out of ideas, Jimmy Burgess offers plenty of strategies that are working now.
Housing Wire
FEBRUARY 23, 2024
Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation between unemployment and delinquency rates, some homeownership costs — including insurance — have increased significantly over the past two or three years, which has had a strong financial impact on homeowners.
Eyes on Housing
FEBRUARY 23, 2024
Following a cycle low in December, existing home sales rose to a 5-month high to start the year, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the seventh consecutive month of year-over-year median sales price increase. It is also the first time in 14 months that.
Real Estate News
FEBRUARY 20, 2024
CEO Greg Schwartz says Tomo will stand out by offering “negotiation insights,” which includes personal information about home sellers.
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