Housing Wire

MAY 30, 2024

Pending home sales sales dropped 7.7% in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending transactions fell 7.4%. The NAR’s Pending Home Sales Index declined to 72.3 in April, down from 78.2 in March. All four U.S. regions reported decreases on both a monthly and yearly basis, with the Midwest and West experiencing the largest monthly declines.

Real Estate Agent 528

Real Estate Agent Inventory Realtors Buyers 528

Appraisal Buzz

MAY 22, 2024

Mortgage application volume increased 1.9% during the week ended May 17, as the average rate for a 30-year- fixed-rate mortgage fell to to 7.01%, down from 7.08% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 7% compared with the previous week and were up 21% compared with the same week one year ago.

Mortgage 431

Mortgage Government Inventory Buyers 431

Real Estate News

MAY 4, 2024

Andy Florance discusses the “transformative technology” and his plans to rapidly expand the company while rolling out generative AI features later this year.

Technology 301

Technology 301

Eyes on Housing

MAY 13, 2024

As described in a previous post, NAHB recently released its 2024 Priced-Out Estimates showing 103.5 million households are not able to afford a median priced new home and an additional 106,031 households would be priced out if the price goes up by $1,000. This post focuses on the related U.S. housing affordability pyramid, showing how.

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Inman

MAY 24, 2024

The luxury market is back. That was Compass co-founder and CEO Robert Reffkin's primary message during his latest appearance on CNBC's "Squawk on the Street," where he talked about home price trends, mortgage rates, and stock market ebbs and flows.

Marketing 191

Marketing Mortgage Brokerage 191

BiggerPockets

MAY 20, 2024

In the next few days, our Brooklyn, New York condo will hit the market, and we will begin the first half of our long-planned, much-anticipated, greatly agonized-over 1031 exchange.

Marketing 81

Marketing 81

Mortgagebroker News

MAY 9, 2024

Recent figures show a decline in sentiment towards brokers. How can you avoid letting your business slide?

Business 84

Business 84

Real Estate News

MAY 19, 2024

A “consumer-centric” approach to buy-side commissions is better for all agents, industry leaders say. Here’s why, and what you need to know about the DOJ.

Agents 299

Agents 299

Eyes on Housing

MAY 30, 2024

The Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA) estimates that 42% of 91,060 unsubsidized apartments completed in the fourth quarter of 2023 were absorbed (rented) within the first 3 months following completion. For condominiums, 56% of the estimated 4,915 units completed in the fourth quarter of 2023.

Marketing 158

Marketing Construction 158

Inman

MAY 24, 2024

The red brick Georgian mansion, known by children all over the world as Kevin McCallister's home, is back on the market after 12 years and comes with a large Kevin Lego figure for the home theater.

Marketing 193

Marketing 193

BiggerPockets

MAY 20, 2024

Have you ever thought about buying rental properties abroad? It might surprise you, but investing overseas could bring in much more cash flow and appreciation than you thought possible.

Investing 82

Investing Real Estate 82

Housing Wire

MAY 25, 2024

The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. But 2024 has proven that theory wrong. 2024 has had healthy inventory growth despite mortgage rates above 7%. Also, for the third time this year, I have hit my target of weekly inventory growth between 11,000 -17,000, thus leading to more inventory than we saw in 2023.

Inventory 514

Inventory Mortgage New Listings Marketing 514

Mortgagebroker News

MAY 24, 2024

Experts say Canadian regulators need to take a tougher stance on banks involved in illicit activities

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Real Estate News

MAY 31, 2024

The share of homes with price drops reached an 18-month high as sellers try to jumpstart buyer interest in stale listings, Redfin reported.

Sellers 302

Sellers Buyers 302

Eyes on Housing

MAY 17, 2024

Nonfarm payroll employment increased in 38 states and the District of Columbia in April compared to the previous month, while 11 states saw a decrease. Alaska reported no change during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 175,000 in April, following a gain of 315,000 jobs.

Marketing 155

Marketing 155

Inman

MAY 17, 2024

Now is the time to expand your skill set, broaden your knowledge and provide value at a higher level than you’ve ever provided, Jimmy Burgess writes, so that you won't just survive, you'll thrive.

Real Estate Agent 188

Real Estate Agent Real Estate Agents Valuation 188

BiggerPockets

MAY 27, 2024

From the boardroom to the bedroom, faced with empty offices as remote employment continues to starve cities of workers, a massive nationwide repurposing is underway to transform workplaces into residential […]

Investors 81

Investors Real Estate 81

Housing Wire

MAY 8, 2024

Housing credit channels directly impact housing inventory channels. What does that mean? Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. Let’s see how this has played out in different stages of the economy. On March 18, 2020, purchase application data broke out to pre-cycle highs in demand.

Inventory 511

Inventory Law New Listings Sellers 511

Mortgagebroker News

MAY 30, 2024

Much to be done – but 'encouraging' range of options to ramp up homebuilding, says CMHC exec

Construction 79

Construction 79

Real Estate News

MAY 17, 2024

President and CEO Mark Willis called the move “unprecedented," and said the vote by the company’s agent-led IALC passed by an “overwhelming majority.

Agents 299

Agents 299

Eyes on Housing

MAY 16, 2024

Year-over-year gains for townhouse construction continued at the start of 2024 as demand for medium-density housing continues to be strong. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the first quarter of 2024, single-family attached starts totaled 42,000, which is 45% higher than the first quarter.

Construction 155

Construction Design 155

Inman

MAY 22, 2024

Deputy Director of Policy Michelle Corridon said Tuesday the agency would lift rules preventing vets from using low-cost VA loans to pay agents until it engages in a formal rule-making process.

Agents 183

Agents Clients Buyers Tools 183

BiggerPockets

MAY 23, 2024

Getting the right tenants is crucial for having a seamless landlord experience. Here are 12 questions to ask tenant references to ensure they're a good fit.

Tenants 85

Tenants Landlords Property Management 85

Housing Wire

MAY 29, 2024

Northwest MLS , the largest multiple listing service in the Pacific Northwest, will not take part in the $418 million agreement reached by the National Association of Realtors (NAR) in the Sitzer/Burnett case. In fact, NWMLS said that its own rules on buyer agent compensation are fairer and more transparent than the terms NAR agreed to in March. It also criticized NAR for pushing “consumers and brokers to make secret deals off MLS, inviting deceptive practices, discrimination and unfair housi

Sellers 496

Sellers Buyers Brokerage Realtors 496

Mortgagebroker News

MAY 9, 2024

Inventory rises in major markets, but high borrowing costs continue to dampen buyer activity

Inventory 80

Inventory Buyers Marketing 80

Real Estate News

MAY 28, 2024

The organization is the first non-NAR MLS to announce its intentions, and it says keeping the compensation field provides more transparency for consumers.

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Eyes on Housing

MAY 21, 2024

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended.

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Inman

MAY 1, 2024

The class of 45 honorees represents the real estate industry's brightest achievers under the age of 40. Future Leaders is the latest addition to Inman’s growing industry-leading awards program.

Real Estate 185

Real Estate 185

BiggerPockets

MAY 13, 2024

A property management company plays a vital role in overseeing the daily operations of rental properties to ensure efficient tenant management while maximizing profitability.

Property Management 82

Property Management Tenants Landlords 82

Housing Wire

MAY 28, 2024

EXIT Realty Corp. International and Earnnest , a digital app that handles earnest money collections, announced a partnership on Tuesday that is designed to create more seamless and secure real estate transactions. The Earnnest platform offers a user-friendly and fully digital fund transfer process for home purchase transactions. It is designed to enhance transparency for all stakeholders while “minimizing the risks associated with traditional methods like checks and wire transfers,“ the company

Realty 479

Realty Real Estate Design Tools 479

Mortgagebroker News

MAY 6, 2024

Limited-time variable rate offers substantial savings and payment flexibility

Mortgage 83

Mortgage 83

Real Estate News

MAY 20, 2024

With many owners of existing homes hesitant to give up their low mortgage rates, new homes continue to account for an outsize share of the market.

Construction 288

Construction Mortgage Marketing 288

Eyes on Housing

MAY 16, 2024

Single-family starts remained flat in April as mortgage interest rates moved above 7% last month and builders continued to face tight lending conditions. Overall housing starts increased 5.7% in April to a seasonally adjusted annual rate of 1.36 million units, according to a report from the U.S. Department of Housing and Urban Development and the.

Lending 164

Lending Development Mortgage 164

Inman

MAY 15, 2024

Homebuyers have yet to respond in force to drop in rates, which have been in retreat from 2024 highs for three consecutive weeks following Fed easing and soft jobs and CPI reports.

Mortgage 180

Mortgage Marketing 180