Real Estate News

JANUARY 15, 2025

When the Fed lowers interest rates, a drop in mortgage rates often follows but recently, the opposite has happened. Heres why.

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Housing Wire

JANUARY 16, 2025

The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. His statement on this, in a CNBC interview : If inflation continues on this path through the beginning of 2025, it’s reasonable to think that possibly rate cuts could happen in the first half of the year.” This w

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Appraisal Buzz

JANUARY 13, 2025

According to Realtor.com s December Monthly Housing Trends Report, the number of properties for sale increased by 22.0% in December 2024 when compared to the same period the previous year. Among the top 50 U.S. metro areas, Miami (45.4%), San Diego (42.4%), and Denver (41.9%) had the biggest annual rise in active listings. Inventory of homes actively for sale grew for the 14th straight month.

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Sacramento Appraisal Blog

JANUARY 14, 2025

It’s great news that 2024 performed better than the 2023 housing market. Seeing more buyers and sellers able to participate is absolutely what we want to see. Let’ get into it. Skim quickly by topic or digest slowly. UPCOMING SPEAKING GIGS: 1/15/25 Mike & Joel free Zoom event (REGISTER FOR WEDNESDAY) 1/16/25 Sac Real Producers […] The post The 2024 housing market was better than 2023 first appeared on Sacramento Appraisal Blog.

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Housing Market Marketing Sellers Appraisal 338

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Eyes on Housing

JANUARY 16, 2025

The NAHB/Westlake Royal Remodeling Market Index (RMI) posted a reading of 68 for the fourth quarter of 2024, up five points compared to the previous quarter. Remodelers are more optimistic about the market than they were earlier in the year, corroborated by NAHBs recent analysis of home improvement loan applications. Demand in many parts of.

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Appraisal Buzz

JANUARY 14, 2025

Homeowners enjoying the equity gains of soaring property values are now contending with an unwelcome consequence: skyrocketing property taxes. Over the past few years, property tax payments have climbed sharply in many regions, particularly in states once regarded as affordable. This surge reflects a broader challenge of housing affordability as costs continue to rise.

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Inman

JANUARY 16, 2025

"Green Mirage" phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower's actual mortgage lender and tricking victims into making payments to U.S.-based "mules.

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Mortgage 166

Eyes on Housing

JANUARY 15, 2025

Over the first eleven months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 912,910. On a year-over-year (YoY) basis, this is an increase of 8.2% over the November 2023 level of 843,654. Year-to-date ending in November, single-family permits were up in all four regions. The range of permit increases spanned.

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Housing Wire

JANUARY 16, 2025

Mortgage and property tax payments are not the only expenses that prospective homeowners need to consider. Homeowners associations (HOAs) are commonplace, and more of them are requiring owners to pay up, according to a survey by Realtor.com. Realtor.com’s report found that 40.5% of listings in 2024 had some sort of HOA fee and these expenses became even more costly.

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Speaker: Dylan Secrest

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Appraisal Buzz

JANUARY 16, 2025

This article originally appeared in the January 2025 edition of MortgagePoint magazine, online now. Whether starting a job in a new city or accommodating a growing family, leaving one home for another can be an exciting and at times stressful process. For renters, receiving a timely, accurate security deposit refund is key to a smooth journey. Currently, the property management industrys reliance on legacy payout processes can lead to refund errors and delays that inconvenience tenants when movi

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Inman

JANUARY 15, 2025

Investors bid up shares of mortgage lenders and real estate companies after "relatively benign" CPI report ends speculation that inflation worries might force the Fed to raise rates this year.

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Real Estate News

JANUARY 15, 2025

As the fires rage on, some agents are working on the front lines to help displaced residents facing big losses while navigating scarcity and price-gouging.

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Housing Wire

JANUARY 14, 2025

Fannie Mae ‘s latest Home Price Index (HPI) shows single-family home prices increased 5.8% from Q4 2023 to Q4 2024, a surprising increase from the previous quarter’s downwardly revised annual growth rate of 5.4%. Quarterly, home prices rose a seasonally adjusted 1.7% in Q4 2024, an increase from the downwardly revised 1.2% growth rate in Q3 2024.

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Real Estate

Appraisal Buzz

JANUARY 15, 2025

Affordability challenges for renters reached unprecedented levels in 2023, as the number of cost-burdened households hit a record high of 22.6 million, according to the latest data from the American Community Survey analyzed by the Harvard Joint Center for Housing Studies. Among these households, 12.1 million were severely burdened, spending more than 50% of their income on rent and utilities.

Construction 397

Construction Development Appraisal Marketing 397

Inman

JANUARY 15, 2025

Lim, who vacated the presidency of Christie's International Real Estate in 2023, will be tasked with growing RE/MAX at a time when the brokerage has struggled with falling revenue and U.S. agent count.

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Real Estate News

JANUARY 14, 2025

After improving earlier in the year, sentiment plunged between the third and fourth quarters of 2024, though flippers were less pessimistic than landlords.

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Housing Wire

JANUARY 16, 2025

Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. Across the 19 East Coast and Midwest states in which CSS operates, appraisals were higher than sale prices in 57% of transactions during the second half of 2024. That share was up from 53% in the second half of 2023 and 51% in the first half of 2024.

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Appraisal Buzz

JANUARY 14, 2025

The American Dream is alive and thriving, according to a new survey from Realtor.com , which found nearly two out of three Americans (64%) identify homeownership as one of their life goals, while 50% believe homeownership is necessary to achieving long-term wealth. Laura Eddy, VP Research and Insights for Realtor.com , said, Home, and land, ownership has been a part of the American Dream for generations, and while current conditions around affordability and the availability of homes make ownersh

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Inman

JANUARY 14, 2025

As the industry continues to evolve, the ability to convert market trauma into strategic wisdom will separate the next generation of leaders from those who remain trapped in reactive cycles, marketing strategist Molly McKinley writes.

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Real Estate News

JANUARY 17, 2025

What does rebuilding look like and should we even continue to build in some of the areas affected by wildfires? Experts share their thoughts.

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Housing Wire

JANUARY 13, 2025

There were 45,000 new listings for single-family homes across the country this week, which is a big jump. That’s 12% more sellers than a year ago. This is the trend that will be the theme for 2025. It seems more sellers are coming out every week and that will keep inventory pushing upward. Mortgage rates pushed this week close to 7.25%. Its only two weeks into January and mortgage rates have hit the high end of the range we forecasted for the entire year.

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Appraisal Buzz

JANUARY 17, 2025

Pending home sales fell 4.5% month over month in December on a seasonally adjusted basisthe largest decline since October 2022and dropped 2.3% year-over-year, according to a new report from Redfin. Homebuyer demand dipped at the end of the year as mortgage rates continued to climb. After inching downward at the beginning of the month, mortgage rates reversed course halfway through December and have been rising sincein part because the Federal Reserve projected fewer 2025 interest-rate cuts than

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Contracts New Listings Real Estate Agent Mortgage 397

Inman

JANUARY 15, 2025

Social media is a powerful tool for real estate agents, but knowing what not to post is just as important as knowing what to share. Expert Jessi Healey outlines the top mistakes to avoid, from posting too much to ignoring comments, so you can maintain a polished, professional and trustworthy online presence.

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Real Estate News

JANUARY 13, 2025

The decision is a blow for the association, which has spent years trying to prevent the Justice Department from reopening its investigation into NAR policies.

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Housing Wire

JANUARY 14, 2025

Does experience matter for first-year Realtors? If you dig a little deeper into the backgrounds of the agents on the Real Trends Verified list, you might think so. Most have blue-chip professional experience or personal connections with wealthy homeowners. Some have both. But Brandon Halperin had neither. He was a bartender who started his real estate career in a market that was brand new to him.

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Appraisal Buzz

JANUARY 16, 2025

One of the most crucial parts of underwriting is making sure a prospective borrower has a reliable source of income that enables them to pay back their mortgage loan, according to Khristi Waters, Senior Director of Single-Family Credit Risk Policy and Li-Ning Huang Principal of Economic and Strategic Research Market Research at Fannie Mae. The industry experts offered their insight on borrower income, homeownership, credit access, and more.

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Inman

JANUARY 13, 2025

As wildfires rage across California, destroying over 9,000 homes and displacing thousands of residents, accessory dwelling units (ADUs) have emerged as a critical housing solution five years after being approved in Los Angeles.ADUs, also known as granny flats, in-law apartments, or casitas, are independent living spaces attached to or located on the same property as single-family homes.

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Real Estate News

JANUARY 16, 2025

Rates increased for a fifth straight week, but the latest inflation data could be a sign that relief is coming.

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Mortgage 290

Housing Wire

JANUARY 15, 2025

As high home prices continue to impact the market, many homeowners are deciding to stay put in their homes. But most still have plans to purse home renovations and younger generations are leading this new focus on home improvement. Emmy Award-winning home improvement platform This Old House conducted a survey of 2,000 homeowners on their renovation plans for 2025.

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Appraisal Buzz

JANUARY 16, 2025

ATTOMs Year-End 2024 U.S. Foreclosure Market Report a measure of foreclosure filings, including default notices, scheduled auctions, and bank repossessionswere reported on 322,103 U.S. properties in 2024, down 10% from 2023, down 1% from 2022, and down 35% from 2019, before the pandemic shook up the market. Foreclosure filings in 2024 were also down 89% from a peak of nearly 2.9 million in 2010.

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Inman

JANUARY 14, 2025

After languishing on the market for more than a decade, the basketball legend's Highland Park, Illinois, estate is now a timeshare, with co-ownership beginning at $1 million, plus 2 percent annual expenses.

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