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NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024

Housing Wire

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

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Latest jobs report a good sign for bonkers housing market

Housing Wire

A total of 431,000 non-farm payroll jobs were added in March, and employment in the construction industry is now above its pre-pandemic level, after the industry added 19,000 jobs. The unemployment rate is now just marginally higher than its February 2020 level of 3.5%. ” Cracking the code on marketing to the realtor channel.

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Lamacchia Realty Announces Top Producing REALTORS® for January 2024

Lamacchia Realty

has released its “Top Producing REALTORS®,” for January 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by the office with the highest transaction numbers or sales for the month! In 2022, Cyndi was presented with the award for Most Acquired Clients in 2022 at our annual company event.

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Mortgage rates break record again, down to 2.72%

Housing Wire

Presented by: VRM Mortgage Services. Now, these highly favorable mortgage rates are continuing to bring fresh buyers to the market, said National Association of Realtors chief economist, Lawrence Yun. to a seasonally adjusted annual pace of 1.53 million – the highest since this February.

Mortgage 546
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Financing proves an obstacle for ADUs

Housing Wire

Specifically, there is a high cost in constructing accessory dwelling units – or ADUs – which are secondary residences on a land parcel zoned for single-family housing. housing shortage that the National Association of Realtors pegged at 5.5 Presented by: TenantCloud. million fewer units than needed.

Finance 374
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Lamacchia Realty Announces Top Producing REALTORS® for February 2023

Lamacchia Realty

has released its “Top Producing REALTORS®,” for February 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Horton’s VIP Realtor distinction, placing him in the top 5% of REALTORS® in Broward County.

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The current REO market requires an expansion of services for business growth

Housing Wire

Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers.

Business 354