Appraisal Buzz

DECEMBER 30, 2024

This article was reposted with permission from Ramsey Solutions. The article originally appeared on the Ramsey Solutions Articles page. See original article here. If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions!

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Housing Market Marketing Inventory Real Estate 347

Housing Wire

JANUARY 3, 2025

The California Department of Insurance unveiled a new regulation this week that aims to increase homeowners insurance coverage in areas prone to wildfires , a response to the recent pullback in policies by several major insurers. Announced by California insurance commissioner Ricardo Lara on Monday, the regulation is under administrative review and is set to take effect by the end of January, according to reporting by The Associated Press (AP).

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Insurance Modernization Design Realtors 507

Real Estate News

JANUARY 3, 2025

After remaining largely stable during the second half of 2024, recent threats from agents and local associations could result in further declines this year.

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Agents 358

Inman

DECEMBER 28, 2024

With all the commission lawsuits, settlements and rule changes, there was no shortage of news this year. Here is the top-read news of 2024.

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Real Estate 171

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Appraisal Buzz

JANUARY 2, 2025

Stubbornly elevated mortgage rates and home prices are discouraging investor activity in the U.S. housing market. According to a new report from CoreLogic , while investor activity rose slightly between the second and third quarters of 2024, their market share remains below last years level25% compared to 28% in 2023. CoreLogic predicts that investor market share will likely remain steady unless mortgage rates drop.

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Investors Landlords Housing Market Marketing 397

Real Estate News

JANUARY 3, 2025

Louisiana agents are the latest to sue NAR over membership rules that limit MLS access and alleged reputational damage caused by scandals and lawsuits.

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Agents 301

Inman

JANUARY 3, 2025

New listings rose 8 percent toward the end of the year, but high mortgage rates and home prices have kept buyers on the sidelines as homes spend more time on market, reports say.

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New Listings Buyers Mortgage Marketing 157

Appraisal Buzz

DECEMBER 30, 2024

A new report from the National Association of Realtors (NAR) has found that pending home sales gained 2.2% in Novemberthe fourth consecutive month of such increases and the highest level since February 2023. Regionally, the Midwest, South and West experienced month-over-month gains in transactions, while the Northeast region reports decreases. Year-over-year, contract signings increased in all four U.S. regions, with the West leading the pack.

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Contracts Inventory Buyers Sellers 435

Housing Wire

DECEMBER 28, 2024

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Although those 2019 levels represent a five-decade low before COVID-19, the market was still functioning better than it did from 2020 to 2023. During the first few years of COVID-19 recovery, there was an unhealthy imbalance, with too many buyers competing for too few homes.

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Inventory Housing Market New Listings Marketing 510

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Real Estate

Real Estate News

JANUARY 3, 2025

A new presidential administration and a Supreme Court decision could affect how the Justice Department approaches the real estate industry in the new year.

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Real Estate 290

Inman

DECEMBER 29, 2024

As the commission suits and settlements worked their way through the courts this year, Inman contributors focused on providing tangible takeaways and critical insights.

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Brokerage Agents 165

Appraisal Buzz

JANUARY 2, 2025

The October 2024 results for the S&P CoreLogic Case-Shiller Indices were issued today by the S&P Dow Jones Indices (S&P DJI). In October 2024, the leading indicator of U.S. home values had an annual growth of 3.6%a modest decrease from the previous 2024 annual gains. Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home pri

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Inventory Buyers Home Value Housing Market 355

Housing Wire

JANUARY 2, 2025

Rising mortgage rates suppressed applications in the Mortgage Bankers Association (MBA) final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays. Mortgage demand declined 21.9% from two weeks earlier during the week ending Dec. 27, the MBA reported.

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Mortgage Retail Contracts Government 441

Real Estate News

JANUARY 1, 2025

Real estate visionary Stefan Swanepoel says the fragmented industry must pull together despite differences over issues like Clear Cooperation. Heres how.

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Real Estate 288

Inman

JANUARY 2, 2025

2025 will be a year of major change if artificial intelligence is deployed to improve the consumer experience, construction and apartment living, Inman technology expert Craig Rowe writes.

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Construction Technology Property Management Brokerage 155

Appraisal Buzz

JANUARY 3, 2025

According to Zillow s most recent market research, the erratic and abrupt changes in mortgage rates that had a significant impact on the housing market in 2024 will undoubtedly be a significant factor in the upcoming year. According to Zillows estimate, a prediction of gradually falling mortgage rates in 2025 portends modest growth in both sales and home price appreciation.

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New Listings Inventory Buyers Inspection 396

Housing Wire

DECEMBER 30, 2024

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. High inventory levels contribute to another problem as active listings are remaining unsold for longer periods. Although higher home prices , rising mortgage rates and other expenses are obvious factors, there may be more to the story. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is

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Inventory Sellers Housing Market Contracts 438

Real Estate News

DECEMBER 30, 2024

Its (still) all about home prices. Inventory is up, but much of it is stale, while flattening rents are keeping renters in their homes longer.

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Inventory 240

Inman

JANUARY 3, 2025

Beyond his presidency, the late President Jimmy Carter was a tireless advocate for democracy, human rights, social progress and affordable housing, in part through his work with Habitat for Humanity.

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Appraisal Buzz

DECEMBER 30, 2024

The oldest of Generation Z turn 27 this year. With age comes responsibilityand the urge to nest. Nearly half of Gen Zs 68 million U.S. residents want to buy a home in the next five years per a Realtor.com survey , but what are the best cities for Gen Z homeowners? Currently, more than half of Gen Z live with their families, and 18% own a home or are married to someone who does.

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Marketing Real Estate Agent Real Estate Realty 396

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, and expanded activities in reverse that stemmed from acquisitions and expansions of existing divisions. Continuing this momentum into 2025 is a priority for many in the reverse mortgage space, according to conversations with leaders at various industry lenders.

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Mortgage Lending Loan Officers Training 399

Real Estate News

JANUARY 2, 2025

Feel like you couldnt keep up with all the news last year? Take a moment to look back at some key stories that will continue to play an important role.

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Real Estate 230

Inman

DECEMBER 30, 2024

According to Inman's 2025 economic outlook, a soft landing for the economy would mean home prices keep rising and mortgage rates settle in at around 6%, with sales varying widely by region.

Mortgage 157

Mortgage Marketing 157

Appraisal Buzz

JANUARY 2, 2025

A new study from Redfin has found that approximately one-third (33.6%) of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. While the majority of renters move within five yearsincluding 25.6% moving within 12 months and 40.8% moving between one and four yearsthe rising cost of buying a home has pushed many to stay put for longer.

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Construction Mortgage Appraisal Marketing 418

Housing Wire

JANUARY 2, 2025

Today, the jobless claims data again showed why mortgage rates continue to be elevated, confirming that the labor market isnt breaking. The labor market is getting softer but hasnt broken yet, as it has before every recession post World War II. Mortgage rates have remained mostly in a range over the past two years, fluctuating between 6% and 8%. In late 2022, global markets faced turmoil and economic indicators suggested a weakening economy, leading the 10-year yield to drop to around 3.37% befo

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Mortgage Construction Housing Market Marketing 474

Real Estate News

DECEMBER 31, 2024

2024 was supposed to be the year that home sales bounced back, but rates, inflation (and buyers) had other plans.

Real Estate 230

Real Estate Buyers Mortgage 230

Inman

JANUARY 3, 2025

Industry members argue in the new lawsuit that NAR and other defendants have engaged in anticompetitive practices. They want restitution and an end to rules they don't support.

Agents 153

Agents Realtors Real Estate 153

Appraisal Buzz

JANUARY 3, 2025

It is stressful enough having to deal with a life-changing event like divorce or the death of a loved one, but a new report by the Consumer Financial Protection Bureau (CFPB) reveals that some mortgage companies are taking advantage of the stress and grief, pushing homeowners to take on new, higher-interest loans when the original borrower is no longer in the picture.

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Legal Tenants Investors Mortgage 344

Housing Wire

DECEMBER 30, 2024

Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings.

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Inventory Buyers Housing Market Mortgage 395

Real Estate News

DECEMBER 31, 2024

See what leading industry influencers shared exclusively with Real Estate News on topics spanning commissions lawsuits, NAR, and brokerage and MLS success.

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Brokerage Real Estate 229

Inman

JANUARY 2, 2025

In November, active listings rose 0.5 percent month over month and 12.1 percent year over year, according to Redfin's analysis.

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Inventory Marketing Mortgage 167

Appraisal Buzz

DECEMBER 30, 2024

The Mortgage Bankers Associations (MBA) monthly Loan Monitoring Survey reveals that the total number of loans now in forbearance increased by three basis points in November 2024 relative to October 2024, from 0.47% to 0.50 (as of November 30, 2024). According to MBAs estimate, 250,000 homeowners are currently in forbearance plans, as the nations mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020.

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Mortgage Government Investors Appraisal 417