Sat.Dec 21, 2024 - Fri.Dec 27, 2024

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The homebuilders’ 2025 supply and demand problem

Housing Wire

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.

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Boomers Passing the Equity Torch to Younger Generations

Appraisal Buzz

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.

Finance 430
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NAR moves to revoke Phoenix Realtors charter

Real Estate News

In an email to leaders, the association said PARs refusal to stop offering its MLS Choice option leaves NAR no choice but to defend its trademark and model.

Realtors 330
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Top Posts – The Age of the U.S. Housing Stock

Eyes on Housing

With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In February, Na Zhao shared the latest data on ages of homeowners as well as when their homes were built. The median age of owner-occupied homes is 40 years old, according to.

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The 25 Best Books for Real Estate Agents in 2025

Housing Wire

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.

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Ranking the Top States and Cities for Homebuyers 

Appraisal Buzz

For prospective homebuyers seeking locations with a promising return on investment, the ConsumerAffairs research team analyzed data across 477 U.S. metropolitan areas and all states. Using factors like market stability, long-term growth, affordability, and market fluidity, this guide highlights housing markets expected to perform well in 2024. The Best States for Homebuyers in 2024 ConsumerAffairs analysis ranks states with strong market resilience, potential for value appreciation, and affordab

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Top Posts – Property Taxes by State: 2023

Eyes on Housing

With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In October, Jesse Wade shared the average real estate tax by state and also an effective rate controlling for home value. Nationally, across the 86 million owner-occupied homes in the U.S., the.

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Thinking of joining a real estate team? Here’s everything you should know

Housing Wire

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.

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Accurity Consolidated Redefines Appraisal Excellence, Client Service

Appraisal Buzz

HOUSTON, TX (December 12, 2024) A national leader and key player in real estate appraisal, Accurity Consolidated is proud to deliver fast, high-quality appraisals with client care at the center of everything they do. What makes their client service stand out? Accurity forms business relationships built on top levels of communication redefining the levels of service that often fall short in the industry.

Clients 370
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Phoenix Realtors fires back at NAR over MLS Choice program

Real Estate News

The National Association of Realtors says MLS Choice allows non-Realtors to join the Phoenix association. PAR says NAR threats will chill innovation.

Realtors 276
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Top Posts – Highest Paid Occupations in Construction in 2023

Eyes on Housing

With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In April, Natalia Siniavskaia shared wages by occupation in construction including the median salaries and top 25% salaries. Half of payroll workers in construction earn more than $58,500 and the top 25%.

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Housing market data positive despite Powell’s Grinch act

Housing Wire

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.

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Mortgage Delinquencies Jumped 8 Percent in November

Appraisal Buzz

The U.S. mortgage delinquency rate increased significantly in November, rising 8.38% compared with October, according to ICE Mortgage Technologys First Look report. As of the end of the month there were about 2.027 million residential properties in some stage of delinquency (30 days or more past due but not in foreclosure) an increase of about 159,000 compared with the previous month and up about 224,000 compared with a year earlier.

Mortgage 367
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The Ten: The outsider who took on forms — and then NAR

Real Estate News

When law professor Tanya Monestier started looking into buyer agreements, she never expected to become a leading voice in NARs biggest battle.

Law 263
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What’s one amazing thing that happened to you this year? Pulse

Inman

It's been a rough year for the real estate industry, but let's focus on the positive. Tell us about something big that happened for you in 2024.

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Active listings climb as the end of 2024 nears

Housing Wire

A new report from Redfin revealed that active listings climbed 12% year over year (954,703 listings) during the four weeks ending December 22, though that was the smallest increase since March. Pending home sales sat at 58,267 for the four weeks, marking a year-over-year change of -3.4% the first drop in three months, per Redfin’s data. New listings were unchanged at 54,077.

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Remote Workers Sound Off on Relocating 

Appraisal Buzz

In 2025, many U.S.homeowners may have to make the difficult decision to relocate or hunt for a new job as a new presidential administration will soon take office and more companies are reevaluating remote work regulations that allowed their workers to work from a distance. According to recent Bright MLS survey data, approximately 37% of people who work remotely at least occasionally would hunt for a new job if they were summoned back to the office full-time.

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The Ten: The divisive debate over Clear Cooperation

Real Estate News

Concerns about the policy arent new. But with NAR reeling and the DOJ looming, theyve taken on a new, more contentious tone.

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The 31 priciest deals of 2024 moved the needle up to $60M+

Inman

The luxury residential market soared to new heights in 2024. Florida dominated the top sales of the year, bringing at least 15 residential transactions above $50 million, as the state simultaneously faced a tale of two markets.

Marketing 145
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The best real estate transaction management software for 2025

Housing Wire

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.

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ATTOM: Home Flipping Was Less Profitable in the Third Quarter

Appraisal Buzz

About one in every 14 home sales, or 7.2% of home sales nationwide, were flips during the third quarter, according to ATTOM. Thats down from 7.6% of all sales during the second quarter, according to the firms U.S. Home Flipping Report. The report shows that 74,618 single-family homes and condominiums were flipped during the third quarter. However the average profit per flip dropped for the first time in over a year.

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People on the Move: A new CEO for San Diego Realtors

Real Estate News

Tessa Hultz uniquely qualified to guide SDARs change and growth; Sherry Chris departs adviser role at Anywhere; Constellation Software elevates president.

Realtors 221
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Rocket is deploying scalable AI across an entire fintech platform

Inman

Ahead of his Connect NYC appearance, CEO Varun Krishna details the mortgage giant's ambitious goals to grow its purchase loan business in 2025 by building closer ties to real estate agents and mortgage brokers.

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The biggest challenge for the reverse industry in 2024? Mortgage rates

Housing Wire

Reverse mortgage business and mortgage business generally is not where people want it to be. That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. With Home Equity Conversion Mortgage (HECM) volume declining on an annual basis, many industry participants cited at least one key factor that couldve driven the decline, but the view was not universal.

Mortgage 337
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Flying Safely as a Remote Pilot: Key Practices for Success

Appraisal Buzz

As a remote pilot serving the real estate industry, every operation brings unique challenges. No two flights are the same, which is why I rely on my experience, checklists, and safety protocols to navigate each mission successfully. It’s essential to remember that even a small drone is an aircraft, and as such, it operates within the national airspace, where safety must always be the priority.

Training 221
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Homeowner survey: Return to the office — or quit?

Real Estate News

In a recent poll, 37% of remote workers said they would look for a new job if asked to come back to the office full time, citing the commute as a key factor.

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Phoenix Realtors to NAR: ‘We will not withdraw MLS Choice’

Inman

Phoenix Realtors rejected the National Association of Realtors' demand that the association withdraw its MLS Choice membership for non-Realtors. PAR said the MLS Choice is a "legally sound" choice for agents to access the MLS without becoming NAR members.

Realtors 142
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Two charts that explain why Texas housing markets have stalled

Housing Wire

Relatively cheap housing, low taxes, looser COVID-19 restrictions and an influx of major employers turned Texas housing markets into hotspots after the pandemic began in March 2020. There werent many metro areas that rivaled the boom in Austin. The emerging technology sector brought wealth from the West Coast and pushed home prices sky high in a very short period of time.

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First American: Home Price Appreciation Flattened in November

Appraisal Buzz

U.S. home prices decreased 0.1% in November compared with October, signaling that home price growth may have fully flattened since the first time since the pandemic, according to First Americans home price index. Year over year, home prices in November were up 3.9%. Home prices nationally are now 54.7% higher compared to pre-pandemic levels (February 2020), according to First Americans data.

Sellers 195
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eXp sells off Virbela, but it’s not quitting the metaverse

Real Estate News

The tech-forward brokerage is doubling down on a simpler way for agents to access virtual worlds. Said Glenn Sanford: Im proud to have had eXp fund FrameVR.

Brokerage 215
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New Home Sales Rose in November

Eyes on Housing

In November 2024, the U.S. housing market experienced a significant boost, with sales of new single-family homes reaching a seasonally adjusted annual rate of 664,000, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This marks a 5.9% increase from October’s revised figures and an.

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CFPB sues Rocket, The Jason Mitchell Group over RESPA violations

Housing Wire

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit Monday accusing Rocket Homes of orchestrating a kickback scheme to funnel business to its sister companies, Rocket Mortgage and Amrock. The Jason Mitchell Group is also implicated in the alleged violations of the Real Estate Settlement Procedures Act (RESPA). According to the CFPB, between 2019 and 2024, real-estate brokerage firm Rocket Homes purportedly incentivized real estate brokers and agents with referrals and priority for fu

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ATTOM: Homeownership Was Less Affordable in the Fourth Quarter

Appraisal Buzz

Home affordability worsened in the fourth quarter, as home prices were higher on average compared with the third quarter, according to ATTOMs latest U.S. Home Affordability Report. About 98% of U.S counties saw home affordability decrease during the fourth quarter, despite a slight decrease in mortgage rates, according to the report. The report also shows that major expenses on median-priced homes now consume 34% of the average national wage.

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Trends 2025: Franchise giants, rising brokerage brands to watch

Real Estate News

Well-known franchise brands have proven their staying power, but more brokerage brands are scaling up nationally, capturing agent and consumer attention.

Brokerage 205