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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.
Despite an array of significant stories throughout 2024, none could surpass the industry-shaking news of NAR agreeing to settlement terms in the wake of antitrust commission lawsuits that would forever reshape how agents and brokers do business.
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.
Aleem, Redfin's chief of real estate services, also said the agents who have joined since the company adopted a commission model are making more money.
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.
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
After filing several different motions, including a motion to intervene, University of Buffalo law professor Tanya Monestier has filed an appeal of several rulings made by Judge Stephen R. Bough including his final approval of the National Association of Realtors (NAR) commission lawsuit settlement agreement. In a notice filed on Thursday, Monestier informed the Eighth Circuit Court of Appeals that she was appealing Boughs ruling on her motion for reconsideration, her motion to intervene and
There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive.
At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans. The lender chose LoanPASS to provide its software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. This partnership has become a fruitful one, according to Bill Mitchell, chief revenue officer at LoanPASS.
It isn't dripping with opulent prewar details, but this unit in Downtown Brooklyn's postwar Concord Village complex has some modern style and room to spread out as well as skyline views. On the 12th floor of 215 Adams Street, one of the seven buildings that make up the complex, it… Read More > The post Downtown Brooklyn Two-Bedroom With Six Closets, Skyline Views Asks $899K appeared first on Brownstoner.
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.
Austin -headquartered Keller Williams has expanded its presence in Wisconsin. The brokerage announced this week that it has added the Milwaukee -based Houseworks Collective real estate team. The deal brings 15 agents and more than $60 million in annual sales volume to Keller Williams. Houseworks will join Keller Williams MKE , a market center located in Whitefish Bay, Wisconsin.
Two recent surveys of agent sentiment conveyed a general sense of optimism heading into the new year, though mortgage rate expectations may not match reality.
The combination of the 2024 presidential election , anticipated future rate cuts, mortgage rate volatility and housing affordability challenges have led more potential homebuyers to stay on the sidelines. But a new report from Zonda says that after the election, consumers have started to regain their confidence in home shopping. The New Home Market Update from Zonda, a construction data provider, was released Friday.
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.
The U.S. is about to face a reckoning when it comes to its 65-and-older population outnumbering children for the first time. But other nations including Japan are facing an even steeper ratio of older people to younger counterparts. Since there is already a shortfall in home-care workers , encouraging people to enter the home care workforce or finding an alternate solution will be important.
The Long Island Board of REALTORS, Inc. (LIBOR) has announced that it has launched a new podcast, Room to Think, as a go-to resource offering insights and discussions on market trends, rules and regulations, work issues such as agent safety, diversity initiatives, lifestyle topics and the evolving challenges of the industry. LIBOR also announced that… The post Long Island Board of REALTORS CEO Launches Room to Think Podcast appeared first on RISMedia.
After more than five years of back and forth, Anywhere and the plaintiffs in the Bumpus Telephone Consumer Protection Act (TCPA) suit have finally reached a proposed settlement. According to a notice filed last week and entered into the court docket on Thursday, the parties have reached a class-wide settlement in principle and are working to finalize a fully integrated settlement agreement.
Theres no better time to set your outreach goals than the onset of a new year. This article contains the perfect mix of personal and professional content to introduce yourself and your expertise to your audience and build deeper connections with your clients. 31 Real Estate Social Media Post Ideas for January 2025 Week 1 Jan. 1 Happy New Year! Spread optimism through your sphere by sharing your resolutions with your followers.
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.
The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? This is especially evident in the mortgage industry, where leadership is a term often thrown around but rarely understood in its full capacity.
Ever feel like you're throwing money away with your current mortgage? You're not alone! Many homeowners wonder about the best time to refinance mortgage. Here's the straightforward answer: The best time to refinance is when interest rates are lower than your current rate, or when your financial situation has improved, allowing you to secure a better loan term.
Real estate professionals and even some local Realtor associations have begun pushing back against the National Association of Realtors (NAR) three-way membership. Phoenix Realtors (PAR) is one such association exploring alternative membership structures, but NAR is not having it. In an email, sent to NARs board of directors, association leaders and other members, NARs General Counsel Lesley Muchow informed recipients that NAR had sent a cease-and-desist letter to Phoenix Realtors due to its new
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.
In a recent episode of the HousingWire Daily podcast, Editor in Chief Sarah Wheeler sits down with Bill Emerson, president of Rocket Companies , to discuss its recent lawsuit against the U.S. Department of Housing and Urban Development (HUD) and the principle of appraisal independence for lenders. This conversation has been edited for length and clarity.
As 2024 comes to a close, the real estate industry is gearing up for a new year and a fresh start. After dedicating over 13,000 labor hours to the NAR settlement, we’re ready to lay a strong foundation for a successful start to 2025. While we continue to adapt to real estate’s new era, there… The post Navigating the Path Forward: A 2025 Game Plan appeared first on RISMedia.
Set on a generous lot on one of Newburgh's architecturally intriguing avenues, this recently renovated former rectory retains its 19th century charm. The wood frame dwelling on the market at 177 Grand Street is within the East End Historic District, an area rich in examples of popular 19th century architectural… Read More > The post A Former Rectory in Newburgh, Complete With White Picket Fence, Yours for $789K appeared first on Brownstoner.
RE/MAX Holdings, Inc.the parent company of RE/MAXhas announced an initiative supported by media agency Kontrol Media that positions the brand as the first real estate brand to launch a commerce media network. This move furthers the companys commitment to revolutionizing the way real estate and advertising converge, creating new revenue streams for the company and… The post RE/MAX Holdings Launches the RE/MAX Media Network appeared first on RISMedia.
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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