Sat.Feb 15, 2025 - Fri.Feb 21, 2025

article thumbnail

Rental Affordability Outpacing Buying (But Not Quite Everywhere)

Appraisal Buzz

However, according to the Realtor.com January Rent Report, in all major U.S. metros except Detroit and Pittsburgh, renting a median-priced unit is still more affordable for median wage earners than purchasing the median-priced for-sale listing, even though most metros have become more affordable for both buyers and renters in the past year. The impact of the steady decline in rental costs and the continued high mortgage rates is demonstrated by the six markets in January of last year where purch

Buyers 341
article thumbnail

DeSantis wants to ban property taxes in Florida

Housing Wire

Florida Gov. Ron DeSantis said that he wants to eliminate property taxes in the state. In a post on X, the governor said that taxing land/property “is the more oppressive and ineffective” form of taxation. “Property taxes are local, not state. So wed need to do a constitutional amendment (requires 60% of voters to approve) to eliminate them (which I would support) or even to reform/lower them We should put the boldest amendment on the ballot that has a chance of getting that 60

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why I’m calling the housing market flat

Sacramento Appraisal Blog

Flat. That’s been a good way to describe prices, and today I want to show you why I’m saying that. And it’s not just me because the overwhelming feedback from real estate agents and homeowners is that prices have really leveled off. What words are you using to describe the market right now? Let’s talk […] The post Why Im calling the housing market flat first appeared on Sacramento Appraisal Blog.

article thumbnail

27Speaks Podcast – Taking the Pulse of Hamptons Real Estate

Miller Samuel

A Hamptons media outlet I pay attention to is 27east of the Southampton Press and they have have invited me over the past several quarters to speak with their editors for their podcast. They ask smart questions and I try to keep up with them. In reality, while the focus is on the Hamptons and the results of our report , our discussion is highly relevant to many aspects of the U.S. housing market.

article thumbnail

Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

article thumbnail

What Percentage of Commercial Mortgage Balances Will Mature in 2025?

Appraisal Buzz

According to the Mortgage Bankers Association (MBA), approximately 20% ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024. The MBA reports these findings in its 2024 Commercial Real Estate Survey of Loan Maturity Volumes. While the Federal Reserve cut its short-term interest rate target by 100 basis points in 2024, longer-term interest rates increased over the same time by

Mortgage 351

More Trending

article thumbnail

Gary Keller says agents must accept ‘easy deals’ are dead

Inman

At Keller Williams' annual Family Reunion, franchise co-founder Gary Keller said 2025 won't be any better than 2024 but agents can still thrive if they're willing to dig in and use market headwinds to their advantage.

Agents 167
article thumbnail

Single-Family Built-for-Rent Construction Falls Back

Eyes on Housing

Single-family built-for-rent construction posted year-over-year declines for the fourth quarter of 2024, as a higher cost of financing crowded out development activity. This slowdown is similar to the deceleration of multifamily construction in recent quarters. According to NAHBs analysis of data from the Census BureausQuarterly Starts and Completions by Purpose and Design, there were approximately.

article thumbnail

Many Homeowners With Mortgages Locked Into High Interst Rates 

Appraisal Buzz

According to a recent Redfin analysis, some17.2% of U.S. homeowners with mortgages nationwide have an interest rate higher than or equal to 6%, the highest percentage since 2016. Compared to 12.3% in Q3 of 2023, that is an increase of almost five percentage points. The percentage of homeowners with a rate of at least 6% would almost quadruple in the following three years if this growth rate persisted, which is possible.

Mortgage 347
article thumbnail

Fewer first-time homebuyers emerged in 2024, but Black Americans bucked the trend

Housing Wire

While the share of first-time homebuyers has declined across the country, Black homebuyers are bucking the trend and showing resilience in an increasingly difficult housing market. A recent Zillow survey found that 62% of all Black homebuyers in 2024 were first-timers, the same level as the previous year. In contrast, first-time buyers accounted for only 44% of the market, down from 50% in 2023.

article thumbnail

The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

article thumbnail

Reffkin knocks NAR, says rules ‘prop up’ inexperienced agents

Inman

The Compass CEO said that NAR's rules have held back top agents and brokerages. But Robert Reffkin also believes that as those rules end, big brokerages like his will pull further ahead.

Agents 167
article thumbnail

4 Ways GoFormz Improves Your AEC Workflow

GoForrmz

Originally published on July 11, 2017 Optimize your AEC workflow with GoFormz mobile forms The Architecture, Engineering, and Construction (AEC) industry is built on collaboration, precision, and efficiency. In a field where multiple teams architects, engineers, project managers, and construction crews must work together seamlessly, outdated paper-based processes can create costly delays, miscommunications, and compliance risks.

article thumbnail

Where Is SFR Construction Booming?

Appraisal Buzz

The build-to-rent market is on fire, with occupancy levels at 95% and strong construction activity in most states and metros in the U.S. Nationwide, more than 110,000 new single-family homes for rent are currently under construction, and Point2Homes has just released a report about this rental construction boom. Key Highlights 110,727 single-family rentals are under construction in 613 communities : When completed, this will expand existing build-to-rent inventory by a robust 53.5%.

article thumbnail

6 time management hacks to help agents sell more homes in 2025

Housing Wire

A majority of agents believe 2025 is going to be a great year for the housing market. Around 85% have an optimistic outlook , and 70% believe the market will be more stable, according to a new survey from Clever Real Estate. Although agents are split on whether its going to be a buyers or a sellers market, 87% predict that demand will remain very strong over the next year.

Agents 367
article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

article thumbnail

Take the Inman Intel Index survey for February

Inman

Each month, hundreds of real estate agents, brokers, executives and investors report on what they're seeing in their corner of the industry. Add your insights. Take the survey.

article thumbnail

Listing off the MLS cost sellers more than $1B, study finds

Real Estate News

The new analysis was done by Zillow, whose CEO said private listings come at the expense of the seller and are an attempt by some brokerages to double dip.

Sellers 318
article thumbnail

Best and Worst Big Metros for Families in 2025

Appraisal Buzz

Where a family chooses to live can significantly shape their lifestyle, financial well-being, and access to opportunities. While some metropolitan areas offer strong economic conditions, affordable housing , and quality education, others present more challenges for families trying to establish stability. A recent study from LendingTree analyzed the 50 largest U.S. metro areas to determine which ones provide the best environments for families.

Appraisal 311
article thumbnail

Final Offer acquires off-market listings platform Private Collection

Housing Wire

A month after launching its new Private Exclusive Listings (PX) feature, agent-driven offer, negotiation and collaboration platform Final Offer has acquired Private Collection , a source of listing information for off-market properties. Financial terms of the deal were not disclosed. Final Offer said the addition of Private Collection adds more than $1 billion in off-market inventory to its platform. “The acquisition of Private Collection accelerates Final Offers market share of enterprise

Marketing 397
article thumbnail

Stop the presses! NAR ceases printing its flagship magazine

Inman

As it seeks to slash costs to pay a $418 million lawsuit settlement, the National Association of Realtors announced on Tuesday it would stop printing "Realtor" magazine and move to a digital-only format.

Realtors 147
article thumbnail

More turmoil at HUD as key departments face huge cuts

Real Estate News

HUD Secretary Turner is just getting started, with disaster relief, rental assistance and fair housing at risk. Plus: CFPB remains in limbo, FHA faces cuts.

293
293
article thumbnail

More Than Half of All Americans Anxious About Market Conditions 

Appraisal Buzz

According to a new IPX 1031 survey, an estimated67% of Americans are worried about the real estate market in 2025. Homebuyers have numerous obstacles they face in the U.S. housing market, such as the need to carefully negotiate high borrowing rates and agent commissions. IPX 1031 conducted a poll of thousands of Americans to find out how they intend to handle these hurdlesdiving into their homeownership goals, budgets, and fears for 2025.

Marketing 286
article thumbnail

eXp rides Clear Cooperation to international growth

Housing Wire

While Robert Reffkin and Compass are touting their success while pushing for the repeal of the National Association of Realtors ‘ (NAR) Clear Cooperation Policy, eXp Realty executives are claiming that the North American MLS system is helping to fuel their companys strong international growth. I was in Egypt last week with the team, and one of the most interesting things I noticed was the launch of Egypt MLS, which is being launched in conjunction with the government, Glenn Sanford , the C

Realty 352
article thumbnail

Living Vogue Real Estate moves 50-agent team to eXp Realty in Florida

Inman

Led by Mark Coppens and Matt Hickey, the Living Vogue team will join eXp Realty's luxury division in Sarasota, Florida, according to executives on Tuesday. The team inked $150 million in sales last year.

Realty 147
article thumbnail

Compass flexes private inventory, market share as revenue soars

Real Estate News

The brokerages strategy? Attract more buyers with exclusive listings, said CEO Robert Reffkin.The gap between Compass and the industry will only accelerate.

Inventory 290
article thumbnail

Struggling With Home Affordability, Many Millennials Are Open to Unusual Trade-Offs

Appraisal Buzz

Millennials are increasingly pessimistic about homeownership. Only 21% of millennials believe their generation can afford to buy homes in 2025, a steep drop from 52% in 2024, according to research from Real Estate Witch , a publication owned by Clever Real Estate. The median U.S. home price is hovering around $420,000, but 68% of millennial buyers are targeting homes priced under $400,000 in 2025a notable rise from 57% in 2024.

article thumbnail

CoreLogic: Single-family rent growth remains low

Housing Wire

Annual rent growth for single-family homes remained sluggish in December 2024, with prices rising 1.8% year over year, according to the newest Single-Family Rent Index from CoreLogic. While this marks a slight uptick from Novembers 1.5% growth rate the lowest in 14 years it is still below the 2.5% increase recorded in December 2023. The modest gains reflect a continuing slowdown in the rental housing market, which has struggled to regain momentum after surging demand in previous years.

article thumbnail

EXp CEO answers 10 questions on CCP, MLS and transparency

Inman

EXp Realty Chief Executive Officer Leo Pareja answers your burning questions on the future of the Clear Cooperation Policy, multiple listing services and serving homebuyers and sellers in 2025.

Realty 171
article thumbnail

Home construction projects stall as builder outlook plunges

Real Estate News

Housing starts fell in January, and builders are less optimistic about the next six months as new federal policies could increase costs and reduce workforces.

article thumbnail

Home Seller Hot Spots 

Appraisal Buzz

A new study conducted by real estate advisors Calgaryhomes.ca has uncovered the U.S. cities where it is easiest to sell a home. The research examined listings in U.S. cities on Zillow between December 2023 and December 2024. The average number of listings per month was calculated across the year, as well as the average number of sales made. These were compared against each other to determine the percentage of listings sold and ranked according to easiest to hardest locations to sell.

Sellers 291
article thumbnail

Ditch the paper: 5 open house apps that make lead capture easy

Housing Wire

Knock, Knock. Who’s there? Your sign-in sheet. Your sign-in sheet who? The sign-in sheet that got lost on your desk. You should have downloaded one of those open house apps HousingWire was telling you about. Picture this: You sit down at your desk, free of clutter no papers, just your laptop and phone. You log in to check your email, and responses from potential buyers at yesterdays open house are already waiting.

article thumbnail

Black households led first-time homebuyer market in 2024

Inman

Despite a nationwide dip in first-time homeownership, Black buyers have bucked the trend in 2024, leading the market with 62 percent purchasing their first home, according to new data released by Zillow Thursday.This continues a growing trend, with Black first-time buyers making up 55 percent of the market in 2022 and 63 percent in 2023.

Marketing 129
article thumbnail

Under pressure from NAR, Phoenix Realtors cuts MLS Choice

Real Estate News

The Arizona association had been facing the loss of its charter after offering a discounted, non-Realtor membership option that included MLS access.

Realtors 284