Sat.Jun 22, 2024

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Is mortgage demand really picking up?

Housing Wire

Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. While I typically prefer to see a sustained growth of 12-14 weeks before concluding there’s been a sea change, the low bar in purchase application data suggests that even a slight change could push demand higher if mortgage rates keep falling.

Mortgages 459
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In NYC, brokers are fighting for 10-15%, not 6%

Real Estate News

New York is one of only two cities where landlords can hire brokers and require renters to pay them. This may be changing — but not if the industry has its way.

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My neighbor’s house won’t sell. Virtual staging would help

Inman

Virtual staging is becoming an increasingly easy and affordable way to market a stale listing. Here are a number of software companies that excel in making empty homes meet market expectations.

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Brokerage Beat: News from KW, RE/MAX, The Agency

Real Estate News

Chicago-area team joins Keller Williams Infinity; team leader joins Detroit RE/MAX franchise as broker/owner; The Agency opens fourth Texas office.

Brokerage 231
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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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Housing Market Predictions: Zillow vs. Moody’s – What to Expect

Marco Santarelli

The housing market is a complex ecosystem constantly in flux. Accurately predicting its trajectory requires careful consideration of various economic indicators, buyer behavior, and local trends. Recently, Zillow & Moody's forecasts paint a contrasting picture of the housing market. Let's find out the nuances of these predictions. Dissecting the Downturn in Zillow's Forecast Zillow's downward projection of a -1.2% decrease in national home prices from May 2024 to May 2025 suggests a potentia

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Top 5 Stories on Brownstoner This Week: An East New York Housing Lottery

Brownstoner

Affordable Housing Lottery Opens in East New York With $750 Units An affordable housing lottery has launched for 13 apartments in a new development on the corner of Atlantic and Miller avenues in East New York, one of a number of new developments rising on the rezoned thoroughfare. -- Huge Danish Mid-Century Modern… Read More > The post Top 5 Stories on Brownstoner This Week: An East New York Housing Lottery appeared first on Brownstoner.

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Jamestown’s Latest Strategy Is Leaning Into Tech Partnerships 

Propmodo

The global real estate investment firm Jamestown L.P. has become well-known as the owner of office towers and several major mixed-use developments around the U.S. It’s also known as a real estate company that is often ahead of the curve on some of the most important trends in the industry, like the drive for more sustainability and the growing popularity of mixed-use centers.

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10 Texas Cities Where Home Prices Are Expected to Fall (2024)

Marco Santarelli

The Texas housing market , once a shining example of affordability, is experiencing a period of adjustment. While the state continues to attract homebuyers seeking a lower cost of living, rising interest rates and a shift in market dynamics are causing some to wonder – which areas might see price dips? We've analyzed data from Zillow to identify 10 Texas metropolitan areas where home prices are predicted to fall the most over the next twelve months (Ending May 2025).

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C.A.R. On the Hot Seat

BubbleInfo

On Monday I talked about the big brokerages coming together to sue NAR for the terrible job they did in looking out for our best interests. Nothing else happened this week, but the CAR must have heard something: “Every June, C.A.R. issues new and modified standard forms. This year, of the 67 new and revised […] The post C.A.R. On the Hot Seat first appeared on bubbleinfo.com.

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McAllen, TX Housing Market Trends and Predictions 2024

Marco Santarelli

The McAllen housing market in 2024 is presenting a mixed picture for potential buyers and sellers. While home values continue to rise steadily, the market has transitioned from a seller's frenzy to a more balanced state. Let's delve into the key trends shaping McAllen's real estate landscape this year. McAllen, TX Housing Market Trends 2024 Price Trends: A Moderate Rise Data from various sources like Zillow and Redfin suggests that McAllen's home values have experienced a moderate increase in 20

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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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Design Trends Luxury Homebuyers Love and Loathe in 2024

BAM Media

While most agents are headed toward beach towels and piña coladas, summer is your prime time to hone in on your business and set yourself up for dominating the second half of the year. Join us for BAM BBQ , our FREE virtual event on July 17 to do just that! Sign up here. BAM Key Details: According to a survey commissioned by Redfin, double vanities ranked at the top of the list of must-have bathroom/kitchen features for luxury homebuyers, outranking luxe countertops and a walk-in pantry.

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