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 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 523

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.

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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 362

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Investing

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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Inman

DECEMBER 31, 2024

Scandals, lawsuits, Fed rate cuts and iconic listings made headlines this year and kept the real estate industry buzzing. Now, lets see how well you recall these standout moments of 2024.

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Eyes on Housing

DECEMBER 30, 2024

With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In March, Jing Fu compared homeowners and renters’ major assets, debt and net worth, as well as differences between age groups. As examined in a previous post, homeownership plays an integral role.

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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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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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Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

Technology

Inman

JANUARY 2, 2025

Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall.

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Marketing Realtors Mortgage 174

Eyes on Housing

DECEMBER 31, 2024

With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In April, Eric Lynch examined various macroeconomic and housing finance components and their responsiveness to changes in the federal funds rate. As economist Milton Friedman once quipped, monetary policy has a history.

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Finance 166

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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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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Real Estate

Inman

JANUARY 1, 2025

Discover which Inman newsletter fits your real estate style with our quick quiz. From actionable tips to breaking news, find your perfect match or subscribe to more than one.

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Real Estate Agents Brokerage Marketing 158

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 309

Appraisal Buzz

DECEMBER 30, 2024

Rural Americans face unique challenges when it comes to homeownership, with limited access to small mortgages and financing options significantly impeding progress. A recent analysis by The Pew Charitable Trusts highlights three major obstacles that prevent rural homebuyers from obtaining mortgages at the same rates as their urban counterparts. 1. Low or Missing Credit Scores Many rural Americans have low or no credit scores, making lenders hesitant to extend them mortgages.

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Housing Wire

DECEMBER 30, 2024

In this weeks episode of the RealTrending podcast , host Tracey Velt sits down with Tiffani Marroquin, head of growth and innovation for JPAR Real Estate. They discuss the utility of artificial intelligence (AI) for the real estate industry, as well as JPARs solutions designed to enhance agent and brokerage performance. This conversation has been edited for length and clarity.

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Inman

DECEMBER 31, 2024

From cabins on Lake Tahoe to multifamily in the Chicago suburbs, Inman's writers spent hours clicking through listing photos and imagining life in new properties. These are their dream homes.

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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 302

Appraisal Buzz

DECEMBER 30, 2024

Redfin reports that active listingsthe total number of homes for sale climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% month-over-month, and 12.1% year-over-year. Redfin reports a major reason for the jump in housing supply is a pileup of unsold homes, many of which buyers have deemed undesirable because they seem overpriced.

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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 418

Inman

JANUARY 2, 2025

The 10,000-square-foot Incline Village estate first hit the market for $49 million about one year ago. The home was sold with furnishings to a buyer from the San Francisco Bay Area.

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Buyers Marketing Real Estate Mortgage 158

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 290

Appraisal Buzz

JANUARY 2, 2025

U.S. home prices increased 0.3% on an adjusted basis in October compared with September and were up 3.6% compared with October 2023, according to the S&P CoreLogic Case-Shiller home price index. The report shows that home price growth is slowing: Month-over-month, the indexs 20-city composite and 10-city composites measuring home prices in the top 20 largest U.S. metros each decreased -0.3%, on an adjusted basis, indicating that home prices may have plateaued.

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Housing Wire

JANUARY 3, 2025

Results Realty ERA Powered , located in St. Charles, Illinois, has acquired Chicago s Mark Allen Realty, giving the combined firm three offices and 80 agents. Mark Allen, led by broker Matt Liss, will now operate as Mark Allen Realty ERA Powered. Joining forces with Matt and his associates allows us to expand our reach in Chicagoland andpositively impact more lives, Judy Cox, founder of Results Realty, said in a statement.

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Eyes on Housing

DECEMBER 31, 2024

With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In September, Catherine Koh dived into data on the homeownership rate of various household types including married couples with children, married couples with no children, single parents, and others. The homeownership rate.

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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 271

Appraisal Buzz

JANUARY 3, 2025

U.S. home prices increased 0.4% in October compared with September and were up 4.5% compared with October 2023, according to the Federal Housing Finance Agencys (FHFA) seasonally adjusted monthly home price index. Among nine geographic divisions defined by the U.S. Census, the change in seasonally adjusted monthly home prices between September and October ranged from -0.4% in the Pacific division to 1.0% in the West South Central division.

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Housing Wire

JANUARY 3, 2025

HousingWire real estate reporter Jeff Andrews sat down with John DiMichele, the new chair of the Council of Multiple Listing Services (CMLS), to discuss the state of MLSs and their future in a rapidly changing real estate environment. This interview has been edited for length and clarity. Andrews: Where do you see the MLS space right now and where do you think its going?

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Eyes on Housing

JANUARY 2, 2025

Private residential construction spending edged up by 0.1% in November 2024, according to the latest U.S. Census Construction Spending data. Year-over-year, the November report showed a 3.1% increase. The monthly increase in total private construction spending was primarily driven by higher spending on single-family construction and residential improvements.

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Construction 109

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 259