Trending Articles

article thumbnail

Single-family rentals are more expensive than apartments — and the gap is growing

Housing Wire

Single-family rental ( SFR ) homes are now priced 20% higher than the typical apartment, according to Zillow s rental market report for December 2024. This is the largest difference ever recorded by the real estate portal as the pricing gap has grown considerably from pre-pandemic levels. Zillow analyzed the 50 largest U.S. metro areas and found that the typical asking rent for a single-family home reached $2,174 per month in December.

article thumbnail

Resilience and rebuilding: LA’s uncertain housing future

Real Estate News

What does rebuilding look like and should we even continue to build in some of the areas affected by wildfires? Experts share their thoughts.

282
282
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mortgage rates fall after remarks by Fed President Waller

Housing Wire

The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. His statement on this, in a CNBC interview : If inflation continues on this path through the beginning of 2025, it’s reasonable to think that possibly rate cuts could happen in the first half of the year.” This w

Mortgages 493
article thumbnail

California agents scramble to help clients affected by LA wildfires

Real Estate News

As the fires rage on, some agents are working on the front lines to help displaced residents facing big losses while navigating scarcity and price-gouging.

Agents 305
article thumbnail

The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

article thumbnail

One Homebuying Step You Don’t Want To Skip: Pre-Approval

Keeping Current Matters

There’s one essential step in the homebuying process you may not know a whole lot about and that’s pre-approval.

article thumbnail

FTC warns of massive spoofing op impersonating mortgage lenders

Inman

"Green Mirage" phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower's actual mortgage lender and tricking victims into making payments to U.S.-based "mules.

Mortgages 167

More Trending

article thumbnail

Rising mortgage rates zap builder confidence

Housing Wire

Todays housing starts data exceeded estimates; however, a closer examination of the report with the builder confidence reveals that the recent rise in mortgage rates , approaching 7.25%, has negatively affected builder sentiment. Since late 2022, our analysis indicates that mortgage rates in the 6%-6.5% range are positive to grow sales, whereas rates at 7% and above especially 7.50% or higher significantly impact the builder data.

Mortgages 468
article thumbnail

Housing Market Decoded: Why Fed cuts haven’t kept mortgage rates down

Real Estate News

When the Fed lowers interest rates, a drop in mortgage rates often follows but recently, the opposite has happened. Heres why.

Mortgages 299
article thumbnail

2025 Housing Market Forecasts

Keeping Current Matters

Wondering what to expect when you buy or sell a home this year? Here’s what the experts say lies ahead.

Marketing 250
article thumbnail

Mortgage rates ease on benign December inflation report

Inman

Investors bid up shares of mortgage lenders and real estate companies after "relatively benign" CPI report ends speculation that inflation worries might force the Fed to raise rates this year.

Mortgages 173
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

Pol, Locals Call for More Affordability in Planned Arrow Linen Development

Brownstoner

The controversial Arrow Linen rezoning, which would see the development of two 13-story apartment buildings on a currently low-rise Park Slope site, was the subject of yet another heated public hearing last week, this time at the City Council. Sixty-eight people testified in front of the Subcommittee on Zoning and Franchises… Read More > The post Pol, Locals Call for More Affordability in Planned Arrow Linen Development appeared first on Brownstoner.

article thumbnail

Natural disasters like the LA fires will deepen the U.S. housing crisis

Housing Wire

Researchers at the University of Southern California (USC) released an in-depth study this week in which they argue that decades of policy missteps have created a shortage of affordable housing across the U.S. and are pushing homeownership out of reach for millions of Americans. The full study , which was published in the January edition of The Russell Sage Foundation Journal of the Social Sciences, goes back 20 years to examine the origins of the current housing crisis.

Lending 418
article thumbnail

When Is the Perfect Time To Move?

Keeping Current Matters

It’s easy to get caught up in the idea of waiting for the perfect moment to make your move – especially in today’s market.

Marketing 241
article thumbnail

‘Should I stay or should I go?’ 5 questions agents should ask

Inman

This is the time of year to find out what you need from a broker and whether your current broker can provide it, ERA Real Estate President Alex Vidal writes.

Agents 173
article thumbnail

Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

article thumbnail

Housing Starts End 2024 on an Up Note

Eye on Housing

Fueled by solid demand, single-family construction moved higher in December despite several headwinds facing the industry, including high mortgage rates, elevated financing costs for builders and a lack of buildable lots. Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units, according to a report from the U.S.

article thumbnail

5 big — and very bold — predictions for the mortgage industry in 2025

Real Estate News

From 10% mortgage rates to off-planet loans, these scenarios face long odds but they may not be as far-fetched as they seem.

article thumbnail

Roughly 11,000 Homes Will Sell Today – Will Yours Be One of Them?

Keeping Current Matters

Are you hesitant to sell your house because you’re worried no one’s buying with rates and prices where they are right now?

234
234
article thumbnail

Keller Williams CEO and President Mark Willis steps down after 1 year

Inman

Willis will transition to a new role within the company while Chief Legal Officer Stacie Herron steps in as interim COO, according to an internal email sent to Keller Williams employees on Wednesday.

Brokerage 159
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

article thumbnail

1.73 million Total Housing Completions in 2024 including Manufactured Homes; Most Since 2006

Calculated Risk Real Estate

Although total housing starts decreased 3.9% in 2024 compared to 2023, completions increased sharply year-over-year. There were 1.731 million total completions and placements in 2024, up 12.5% compared to 2023, and the most since 2006. Not counting Manufactured homes, there are 1.628 million completions in 2024, up 12.4% from 1.449 million in 2023, and also the most since 2006.

109
109
article thumbnail

What to expect in 2025: Securing customer insurance in a volatile real estate market

Housing Wire

The year 2025 will be transformative for real estate. Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics and homeowners insurance costs. For real estate professionals and mortgage lenders, these shifts present both challenges and opportunities.

Marketing 369
article thumbnail

New construction ends 2024 on a high note

Real Estate News

Housing starts were way up for the year, and prospects look good heading into 2025 but the economy and policy decisions could present some challenges.

article thumbnail

Why More People Are Buying Multi-Generational Homes Today

Keeping Current Matters

Today, 17% of homebuyers are choosing multi-generational homes — that’s when you buy a house with your parents, adult children, or even distant relatives.

213
213
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

article thumbnail

RE/MAX taps Christie’s Real Estate vet Chris Lim as chief growth officer

Inman

Lim, who vacated the presidency of Christie's International Real Estate in 2023, will be tasked with growing RE/MAX at a time when the brokerage has struggled with falling revenue and U.S. agent count.

Brokerage 158
article thumbnail

Mortgage Rates Forecast for the Next 3 Years: 2025 to 2027

Marco Santarelli

If you're anything like me, youre probably glued to the news, trying to figure out what's going to happen with mortgage rates. Buying a home is a huge deal, and the interest rate can make or break your budget. So, here's the scoop: Mortgage rates forecast for the next three years (2025, 2026, and 2027) suggest a slow but steady decline , mainly influenced by the Federal Reserve's actions and how the overall economy is doing.

Mortgages 105
article thumbnail

Younger generations are more likely to pursue home renovations this year

Housing Wire

As high home prices continue to impact the market, many homeowners are deciding to stay put in their homes. But most still have plans to purse home renovations and younger generations are leading this new focus on home improvement. Emmy Award-winning home improvement platform This Old House conducted a survey of 2,000 homeowners on their renovation plans for 2025.

article thumbnail

People on the Move at NAR, RE/MAX, Zillow and more

Real Estate News

NAR hires industry relations exec; Chris Lim to lead growth at RE/MAX; Zillow names new GM for Flex; RealScout shuffles leadership; LPT hires operations pro.

article thumbnail

Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

article thumbnail

If Your House’s Price Is Not Compelling, It’s Not Selling

Keeping Current Matters

There’s one big mistake you need to avoid when you sell your house this year: setting your price too high.

182
182
article thumbnail

NAR hires insider as ‘first-ever’ senior VP of industry relations

Inman

Jarrod Grasso will lead the trade group's efforts to "deepen engagement with state and local associations, MLS executives and other critical industry partners.

article thumbnail

Mortgage Rates Climb Up Over 7%

RIS Media

Still on the upswing, the average 30-year fixed rate mortgage ticked up over 7% this week, marking its fifth straight week of increases and hitting their highest point since last May. According to Freddie Macs latest Primary Mortgage Market Survey (PMMS), this week the average 30-year fixed-rate mortgage (FRM) reached 7.04%, up from last weeks… The post Mortgage Rates Climb Up Over 7% appeared first on RISMedia.

article thumbnail

All the ways the wildfires could make LA housing more expensive

Housing Wire

The sight of beautiful houses in Los Angeles transports you to an idyllic version of the city found in classic Hollywood movies. But the harsh realities of its pricy housing market more resemble the citys dark underbelly reflected in a David Lynch LA noir film. And the wildfires ripping through Los Angeles could make its housing affordability crisis worse.

article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.