Tue.Dec 19, 2023

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Expert Quotes on the 2024 Housing Market Forecast

Keeping Current Matters

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024.

Marketing 342
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Housing starts flexes single-family muscle

Housing Wire

Boom! Housing starts had an epic beat Tuesday, which usually means the data will get revised lower at some point, but one thing is for sure: the housing starts and new home sales sector came to throw shade at the 2023 recession crowd. Many say housing leads the economy into a recession, which has been the case for decades since higher rates tend to put the U.S. economy into a recession.

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MLS leaders bond over industry shifts — and Sammy Hagar?

Real Estate News

Art Carter and Brian Donnellan, CEOs of the nation’s largest MLSs, are pals as well as colleagues, walking the talk of collaboration in challenging times.

MLS 289
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5 trends that will reshape the real estate market in 2024

Housing Wire

The landscape of real estate is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors. 1. Technology 2024: Proptech challenges and profitability pursuit The proptech sector, a technological cornerstone of the real estate space heavily reliant on venture capital, has encountered formidable challenges in the past year.

Marketing 492
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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.

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DOJ still not satisfied with proposed MLS PIN settlement

Real Estate News

The Department of Justice has inserted itself — again — in the Nosalek buyer-broker commissions case ahead of final settlement approval.

MLS 287
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Are home sellers finally coming back to the market?

Housing Wire

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. That’s one reason total sales volume has been so low, but it looks now like that’s starting to change. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024.

Marketing 481

More Trending

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Fidelity facing class action suit after cybersecurity attack

Housing Wire

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November. The suit was filed last Tuesday by Teneika Tillis, a Loancare servicing client, in U.S.

Title 447
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Zillow users loved small Northeastern towns this year

Real Estate News

Small cities in New Hampshire and Connecticut dominated the search portal's most popular markets for 2023.

Marketing 225
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Housing starts rise on falling mortgage rates

Housing Wire

Housing starts rose in November, significantly beating expectations. New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Census Bureau data. It’s 14.8% above the revised October estimate of 1,359,000 and 9.3% above the November 2022 rate of 1,427,000. Single-family building activity drove November residential construction activity.

Mortgages 456
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Fannie Mae, MBA economists still expect mild 2024 recession

Inman

The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year.

Sales 188
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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.

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Fannie Mae continues to forecast modest downturn in 2024

Housing Wire

Even though Jerome Powell announced three rate cuts in 2024, Fannie Mae Economic and Strategic Research (ESR) group continues to forecast a modest downturn in 2024. The group projects a return to growth in 2025. “Last week’s comments by Chairman Powell, as well as the Federal Reserve’s updated Summary of Economic Projections, suggest increased Fed confidence that a soft landing has been achieved and inflation is headed sustainably to 2%,” Doug Duncan, Fannie Mae’s senior vice president and chief

Land 462
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For nearly half a century, Saul Klein has been a tech pioneer, evangelist

Inman

In the most recent edition of his Snapshot series, Brandon Doyle talks to Saul Klein about being at the forefront of technology and internet adoption in the residential real estate industry.

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Opinion: Today’s regulatory compliance starts at the top

Housing Wire

High-profile government actions against some of the nation’s largest financial firms for alleged violations of fair lending laws and loan servicing principles have sent a sobering message to industry CEOs and their boards: the buck stops at the top. We have entered a new regulatory era, one filled with expectations that a firm’s compliance with the letter and spirit of the law has the full attention of the C-suite and boardroom — not relegated to back-office compliance department functions.

Lending 430
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Want a high-performance network? It all starts at ICNY

Inman

According to research, writes Nikki Beauchamp, by aligning yourself with those who complement your skill set and creating a systematic approach to networking, you can add targeted leverage to your real estate business.

Agents 175
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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.

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Amended settlement agreement in Nosalek suit not enough to appease the DOJ

Housing Wire

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough. In a letter filed on Monday, the DOJ told Judge Patti Saris that it had concerns about the second amended settlement agreement.

MLS 431
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Real estate syndication: How to invest passively and profitably

Inman

If you can let go of some of the control, writes Luke Babich, you can take advantage of exceptional upside potential when you invest through real estate syndications.

Investor 175
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Former Gowanus Brewery, Clinton Hill Warehouse Slated to Become Migrant Shelters

Brownstoner

Under emergency contracts relating to the migrant crisis, and with little public oversight, warehouses in Gowanus and Clinton Hill are being converted into large homeless shelters that could potentially operate for years. A long-vacant former brewery building at 130 3rd Street in Gowanus is being converted into a 400-bed homeless… Read More > The post Former Gowanus Brewery, Clinton Hill Warehouse Slated to Become Migrant Shelters appeared first on Brownstoner.

Marketing 130
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7 hard-earned lessons from a firefighter-turned-broker

Inman

Entrepreneurship requires fundamental changes, no matter what your previous occupation may have been. Broker Nick Schlekeway outlines the seven lessons you'll need to learn to be successful.

Brokerage 163
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Real Talk with Joe Skousen: Episode 1 – Nick Bailey

RIS Media

Editor’s Note: Real Talk is an ongoing video series featuring Joe Skousen, founder and CEO of Inside Real Estate, who interviews industry leaders regarding the outcome of the recent Burnett vs. NAR trial, along with other pressing issues affecting residential real estate. Episode #1 Nick Bailey President & CEO RE/MAX LLC Nick Bailey discusses the… The post Real Talk with Joe Skousen: Episode 1 – Nick Bailey appeared first on RISMedia.

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7 ways to avoid taxes on real estate investments

Inman

Investing in real estate doesn't have to bring a big tax bill. In fact, there are plenty of ways to minimize your taxes while making healthy returns. Here are the top seven.

Investor 165
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How to Search Property Records and Learn Everything About A House

HomeLight

A house can hold a lot of history. As a homebuyer, you probably want to know everything there is to know about the property you’re about to purchase. You might not know where to begin if you’ve never searched public records. Here’s how to search property records and navigate the online and offline documentation — including what you might want to investigate.

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Flyhomes announces 3rd round of layoffs since 2022

Inman

Seattle-based brokerage and mortgage lender Flyhomes announced another round of layoffs on Friday. The company had layoffs in July and November 2022, with one round impacting 20 percent of its workforce.

Brokerage 162
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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.

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Single-Family Starts Surge on Falling Interest Rates

Eye on Housing

Single-family construction surged in November as lower mortgage rates helped to assuage affordability concerns and unleash pent-up demand for housing. Overall housing starts increased 14.8% in November to a seasonally adjusted annual rate of 1.56 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S.

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Housing starts defy expectations, surge to highest point since May

Inman

Housing starts jumped 14.8 percent between October and November to a seasonally adjusted annual rate of 1.56 million. That's 9.3 percent higher than they were in December 2022.

Marketing 161
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Can You Buy Someone’s Mortgage from the Bank? Exploring Mortgage Assumption

HomeLight

Many potential homebuyers feel sidelined by high interest rates. But what if there was a way to bypass these rates by taking over an existing home loan? It’s a question being asked more often in the current market. But can you buy someone’s mortgage from the bank? Buying, or rather assuming a mortgage, is a potential solution for savvy home shoppers looking for homeownership options.

Banks 115
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WeWork asks bankruptcy court to hide 600K tenant names from rivals

Inman

Once valued at $47 billion, WeWork attorneys argue that releasing the names of its 600,000 clients would allow office landlords to poach customers.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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House Hunting: How to ‘Buy Before You Sell’ With HomeLight

HomeLight

Selling your home and buying a new one at the same time can feel like walking a financial tightrope. If you’re like most Americans, you need the proceeds from the sale of your current home to buy your next home. You’re likely counting on earned equity to fund your deposit and cover closing costs. If you could, you’d prefer to buy before you sell. The concept of “buy before you sell” may sound too good to be true, but with HomeLight, it can be a reality.

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Now Landing, a partnership with ID verification solution CLEAR

Inman

Landing is now partnering with personal identity verification company CLEAR to shrink the time needed for its tenants to move from place to place.

Land 171
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South Carolina Century 21 Affiliate Leads Partnership

RIS Media

South Carolina affiliate CENTURY 21 803 Realty has merged with the neighboring office EXCEL Real Estate. The brokerage will do business as CENTURY 21 Excel in tandem with its new partner; their combined operation will maintain six offices and 200 agents across South Carolina. EXCEL Real Estate founders, husband and wife team Candice and Kenny… The post South Carolina Century 21 Affiliate Leads Partnership appeared first on RISMedia.

Brokerage 116
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DOJ objects to 2nd settlement bid in MLS PIN commission case

Inman

The antitrust enforcer says it "continues to have concerns" about a proposed deal between homesellers and broker-owned multiple listing service MLS PIN.

MLS 163
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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.