Housing Wire
DECEMBER 28, 2023
As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixed-rate mortgage averaged 5.93% this week, down from 6.95% one week ago.
Real Estate News
DECEMBER 28, 2023
Perhaps the last copycat case to be filed this year, the complaint targets NAR and 13 major brokerages in a class action suit with nationwide reach.
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Housing Wire
DECEMBER 28, 2023
Affordability has been a chief topic of concern in the housing industry for the past several years, and the lack of affordable options in the state of Colorado is pushing that state’s school districts into action. Leaders in Colorado districts are entering the housing market in a variety of ways, including engaging in partnerships with developers, constructing tiny homes and even becoming landlords, according to a story published by the Denver Post.
Real Estate News
DECEMBER 28, 2023
Attorneys for NAR have requested a stay in the Gibson case until after post-trial motions are resolved in Sitzer/Burnett.
Inman
DECEMBER 28, 2023
AI fueled the biggest trends in proptech this year, but so did efforts to put the consumer first, tech critic Craig Rowe writes. Check out the dozens of products that received his highest praise in 2023.
Real Estate News
DECEMBER 28, 2023
Following last week’s substantial drop, rates leveled off but still declined modestly, while pending home sales were flat.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
DECEMBER 28, 2023
From blockchain to monthly per-agent pricing for brokerage tools, these “fading concepts” don’t shine like they used to but still have something to tell us.
Inman
DECEMBER 28, 2023
There are "some limits to functionality" as First American continues efforts to return to normal business operations following a cybersecurity breach that led the company to isolate some systems from the internet on Dec. 20.
Real Estate News
DECEMBER 28, 2023
Emma Hernan, one of the star agents in the hit Netflix series, discussed LA’s mansion tax, cash offers and more with Real Estate News.
Inman
DECEMBER 28, 2023
Technology roared to life in 2023, sending a current of excitement across brokerages, MLS's and the vendors who serve both. But it was AI's rapid acceleration that drove the narrative.
Real Estate News
DECEMBER 28, 2023
The company said its website is back up, but some functionality remains limited.
Inman
DECEMBER 28, 2023
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn't the only lawsuit with commissions in the crosshairs.
Eyes on Housing
DECEMBER 28, 2023
With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year.
Inman
DECEMBER 28, 2023
Every week we bring you the facts and figures, origin stories, goals and strategies of some of the country's best managing brokers and broker-owners. Here's a roundup of 2023's profiles to inspire, encourage and edify.
Empire Appraisal Group
DECEMBER 28, 2023
Owners Keep Remodeling – but Smaller Projects Sales at Home Depot were lower but beat expectations. While remodeling boomed during the pandemic, many owners are still making smaller upgrades. NEW YORK – Home Depot sales continue to slide as Americans wrestle with persistent inflation and the company narrowed its outlook for the year. But the nation’s biggest home improvement retailer still topped expectations for the quarter.
Inman
DECEMBER 28, 2023
What do you do if you didn't meet your 2023 goals? How do you regroup? YogaBug broker Pam Blair offers tips to help you start again and meet 2024 with confidence.
GoForrmz
DECEMBER 28, 2023
See how easy it is to add data automation to your job sites According to a Kabbage survey, 52% of construction companies are looking to ways to embrace digital solutions, in an effort to reduce paperwork, overcome labor shortages, and make the most of their business data. Is your construction team on board? In this webinar we’ll be walking through how easy, and cost effective, digital solutions can be within your construction business.
Inman
DECEMBER 28, 2023
November's numbers show pending sales didn't move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead.
BiggerPockets
DECEMBER 28, 2023
Median rent prices declined by 2.1% year over year in November, the biggest decline since 2020. What's going on and should landlords sound the alarm?
Lamacchia Realty
DECEMBER 28, 2023
Once again, we are proud to announce that Deanna Faucher has qualified for the 2023 Lamacchia Realty President’s Club by surpassing $16,000,000 in sales volume. Deanna has been a member of this club every year since its inception, having qualified in 2017, 2018 , 2019 , 2020 , 2021 , and 2022. In addition to the President’s Club, Deanna also took home the award for Highest Sales Volume in the Worcester Office in 2022.
BiggerPockets
DECEMBER 28, 2023
A new report labels several popular areas for investors as most at risk for housing market slumps in the near future. See if your market is on the list.
Housing Wire
DECEMBER 28, 2023
In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. “This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. Now, you need to be very qualified in order to get a mortgage,” he said.
BiggerPockets
DECEMBER 28, 2023
Want to make multiple streams of income? Well, guess what? You DON’T need to buy more properties to do it.
Mashvisor
DECEMBER 28, 2023
Airbnb’s influence on the STR sector is undeniable. However, high fees and policy changes have pushed many hosts to explore direct bookings.
BiggerPockets
DECEMBER 28, 2023
Everyone wants to know how to get rich. And here’s the truth: getting rich might be much easier than you think.
Clear Capital
DECEMBER 28, 2023
Story by Erik J. Martin for Bankrate We may be in the thick of winter, but many homebuyers and sellers are starting to have warm thoughts about the housing market. That’s because, looking ahead, market indicators suggest we’ll see increased activity thanks to lower mortgage rates. Yet home prices remain high and inventory levels are tight in many markets.
Mashvisor
DECEMBER 28, 2023
To guarantee a profitable short term rental property investment in 2023, you need the best Airbnb income calculator. But where can you find it?
Housing Wire
DECEMBER 28, 2023
Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. according to the latest data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 in November, from 71.4 one month ago. Year over year, pending sales dropped 5.2%. “Although declining mortgage rates did not induce more homebuyers to submit formal contracts in November, it has sparked a surge in
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