Housing Wire
DECEMBER 17, 2024
The American dream is synonymous with two ideas. One is the idea that anyone in this country can find a path to economic success regardless of their circumstances at birth. The second idea is the symbolic encapsulation of the first idea: homeownership. Owning a home is the signifier of economic success, but over the last few years, that milestone has gotten farther out of reach for first-time homebuyers.
Appraisal Buzz
DECEMBER 19, 2024
The National Association of Realtors reports that existing-home sales increased in November. Three major U.S. regions saw growth in sales, but the West saw no change. All four regions saw an increase in sales year over year. The seasonally adjusted annual rate of existing-home sales, which includes completed transactions of single-family homes, townhomes, condominiums, and cooperatives, increased 4.8% from October to 4.15 million in November.
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Real Estate News
DECEMBER 19, 2024
The option lets brokers access the MLS outside the traditional three-tier membership system. NAR says it is maintaining standards for the Realtor brand.
Sacramento Appraisal Blog
DECEMBER 16, 2024
What’s January going to be like in 2025? What can we expect ahead for the housing market? Today, I have three quick points, and while these visuals are specific to my area, some of the language use can be used in many different markets. This is my last blog post of 2024. Thanks for being […] The post Three things to expect in the housing market in January first appeared on Sacramento Appraisal Blog.
Speaker: Timothy Allsopp
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Housing Wire
DECEMBER 19, 2024
Its late December so all the 2025 mortgage rate forecasts have been published. Unfortunately, all of them are already wrong. Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The most optimistic predictions assume 2025 will see mostly low 6s for the 30-year fixed rate mortgage. And yet with pesky inflation data not falling as quickly or as far as expected, Fed chair Jerome Powell suddenly changed his language in the Fed meeting on Dec. 19.
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Real Estate News
DECEMBER 19, 2024
As other brokerages stumbled in 2024, Real saw enviable growth in agent count, transactions and share price with President Sharran Srivatsaa setting the tone.
Inman
DECEMBER 19, 2024
Existing-home sales rose 6.1 percent annually in November while three out of four U.S. regions saw increases from 2023, according to new data released Thursday by the National Association of Realtors.
Housing Wire
DECEMBER 18, 2024
They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Several factors have been keeping labor steady, such as working through a backlog of orders and long turnaround times to complete projects.
Appraisal Buzz
DECEMBER 18, 2024
The U.S. Senate has announced the passage of the bipartisan Homebuyers Privacy Protection Act (S. 3502) , a measure that will ban trigger leads except in limited circumstances. When a consumer applies for a mortgage, credit bureaus are notified that the consumer is interested in financing, which is referred to as a trigger lead. That information is then sold by the credit bureaus to data brokers (including other lenders) without the consumers knowledge or approval.
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Real Estate News
DECEMBER 16, 2024
After several atypical years, the real estate market is expected to settle into a new normal, with lower rates, more sales and improving affordability.
Inman
DECEMBER 19, 2024
NAR sent the cease-and-desist letter to Phoenix Realtors over its MLS Choice option, which gives brokers access to state-compliant forms and legal aid but may also violate its three-way agreement.
Housing Wire
DECEMBER 19, 2024
The COVID-19 pandemic turned previously sleepy cities into boomtowns.Expanded or permanent work-from-home policies gave people more flexibility in where to live, and those in uber-expensive markets like San Francisco and Manhattan took advantage by moving to areas where they could get more space for less money. This created incredibly competitive housing markets in smaller cities that pushed sales and prices sky high.
Appraisal Buzz
DECEMBER 19, 2024
The Five Star Institutes Legal League has announced the launch of its latest White Paper, Non-Uniform Foreclosures. Legal League is a professional association of financial services law firms spread out across the U.S. The Legal League is uniquely positioned to drive progress in the mortgage servicing industry. Legal League members provide a clear view of the legal landscape and the expertise to navigate it, committed to supporting its membership through education, communication, relationship dev
Real Estate News
DECEMBER 14, 2024
Cities and states across the U.S. are making it easier to build ADUs. Leaders hope those reforms will lead to more supply and improve affordability.
Inman
DECEMBER 20, 2024
Forget gadgets and swag. According to team leader Carl Medford, what Realtors really want right now are well-behaved children at open houses, punctual contractors and, well, an end to 2024.
Housing Wire
DECEMBER 20, 2024
Home sales in 2024 have been well below historic norms. Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash. But even investors have purchased fewer homes this year.
Appraisal Buzz
DECEMBER 16, 2024
According to a new study from Redfin , older Americans are more likely than younger Americans to buy homes in places with significant climate risk. More than one-third (36.9%) of home purchases made by people 65 years of age and older last year were in counties with an elevated risk of extreme heat, compared with less than one-third (32.3%) of home purchases made by people under the age of 35.
Real Estate News
DECEMBER 18, 2024
Look for just two cuts next year half the number previously forecast as the Federal Reserve predicts inflation will remain high.
Inman
DECEMBER 19, 2024
Find out how this young, first-generation Filipino-American entrepreneur worked her way up from receptionist to broker-owner.
Housing Wire
DECEMBER 19, 2024
The housing industry is getting an early Christmas gift. The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million, a 4.8% increase over the revised October number and a 6.1% increase year over year. The annualized rate is the highest seen since the tally of 4.22 million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021.
Appraisal Buzz
DECEMBER 18, 2024
Over the past five decades, real estate development in the U.S. has surged, with Southern and Southwestern cities seeing the most growth, according to a recent study from StorageCafe. Residential, industrial, and self-storage industries have all expanded significantly, driven by urbanization and population growth. One key finding is that self-storage has seen a 91% increase in inventory since the 1980s.
Real Estate News
DECEMBER 16, 2024
Floods, fires and other climate events are changing the real estate landscape. Agents should expect more questions about risk factors and be ready to respond.
Inman
DECEMBER 17, 2024
Likely catching the collective eye of Real co-founder and CEO Tamir Poleg and president Sharran Srivatsaa was Urban Nest's 2023 numbers, consisting of 2,500 deals valued at $1.5 billion.
Housing Wire
DECEMBER 20, 2024
A new bill introduced in the U.S. House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Introduced by Reps. Gregory W. Meeks (D-N.Y.) and Pete Sessions (R-Texas) on Thursday, the bipartisan bill allows borrowers to stop paying mortgage insurance once their loan-to-value (LTV) ratio reaches 78%, rather than paying it f
Appraisal Buzz
DECEMBER 17, 2024
The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. The share of the balance of delinquent commercial mortgages increased for every major capital source during the third quarter of 2024, said Jamie Woodwell, MBAs Head of Commercial Real Estate Research.
Real Estate News
DECEMBER 20, 2024
But there is still competition for homes, especially at lower price points, where first-time buyers cross paths with buyers on the investment side.
Inman
DECEMBER 18, 2024
Bond market investors are focused on the latest "dot plot," indicating Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025.
Housing Wire
DECEMBER 16, 2024
As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. A few states have more homes on the market now than any time in the last eight to 10 years.
Appraisal Buzz
DECEMBER 16, 2024
As Baby Boomers age out of their homes, will it help create enough inventory to boost the housing market? As per a recent report from Zillow , it all depends on the specific housing market. The report finds that even though many Baby Boomers will soon be aging out of their homes, the resulting boost to housing inventory will be mostly concentrated in markets where there is less demand.
Real Estate News
DECEMBER 14, 2024
For CoStar and Move, the battle for dominance escalated from civil competition to full-scale attacks. Zillow and other players, meanwhile, stayed out of it.
Inman
DECEMBER 16, 2024
Realtor.coms annual Housing Forecast offers data-driven predictions and trends for 2025, providing real estate professionals with key insights into the evolving market at both macro and micro levels.
Housing Wire
DECEMBER 20, 2024
Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors and upcoming speaker at the Housing Economic Summit, sat down with HousingWires Senior Director of Events Brena Nath to answer a few questions on what she thinks is to come for real estate in 2025.
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