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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
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
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.
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.
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.
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 rates decreased again today on weak economic data, following last Friday’s similar drop in the 10-year yield. Furthermore, the mortgage spreads in today’s pricing are favorable. According to the latest quote from Mortgage News Daily , mortgage rates are now around 6.89%. This represents a decline of 0.37% from the most recent high of 7.26%, which was recorded on Jan. 13.
Mortgage rates decreased again today on weak economic data, following last Friday’s similar drop in the 10-year yield. Furthermore, the mortgage spreads in today’s pricing are favorable. According to the latest quote from Mortgage News Daily , mortgage rates are now around 6.89%. This represents a decline of 0.37% from the most recent high of 7.26%, which was recorded on Jan. 13.
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.
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.
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.
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.
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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.
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.
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%.
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.
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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.
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.
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.
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
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.
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.
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.
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
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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.
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.
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.
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.
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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.
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.
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