Thu.Jan 02, 2025

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Mortgage demand drops 22% during holidays as rates move higher

Housing Wire

Rising mortgage rates suppressed applications in the Mortgage Bankers Association (MBA) final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays. Mortgage demand declined 21.9% from two weeks earlier during the week ending Dec. 27, the MBA reported.

FHA loan 388
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Home Staging FAQ: What You Need To Know

Keeping Current Matters

You may have heard that staging your home properly can make a big difference when you sell your house, but what exactly is home staging, and is it really worth your time and effort?

Staging 243
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Jobless claims keep mortgage rates elevated

Housing Wire

Today, the jobless claims data again showed why mortgage rates continue to be elevated, confirming that the labor market isnt breaking. The labor market is getting softer but hasnt broken yet, as it has before every recession post World War II. Mortgage rates have remained mostly in a range over the past two years, fluctuating between 6% and 8%. In late 2022, global markets faced turmoil and economic indicators suggested a weakening economy, leading the 10-year yield to drop to around 3.37% befo

Mortgages 440
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Real estate news, advice and warnings to revisit heading into 2025

Real Estate News

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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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.

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Reverse mortgage case number metric reaches highest level in two years

Housing Wire

Home Equity Conversion Mortgage (HECM) endorsements saw a healthy increase in October 2024. They jumped by 11.3% to 2,392 loans for the month, according to data compiled by Reverse Market Insight (RMI). But after additional data about the month of October was released, one metric of reverse mortgage industry performance HECM case number assignments from the Federal Housing Administration (FHA) saw a surprising increase at that time.

Mortgages 256
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‘Unfiltered’: Real estate’s ‘biggest opportunity’ in an AI future

Real Estate News

Watch the conversation with The AI Guys as they talk philosophy and humanity and explain key ways agents can leverage AI to expand their business.

Agents 205

More Trending

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Mortgage rates edge closer to 7%

Real Estate News

While rates have risen by nearly a percentage point since late September, buyers appear to have recalibrated expectations and home sales have improved.

Mortgages 195
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Hamptons agents Michaela and Paulina Keszler move to Sotheby’s

Inman

The mother-daughter duo were leading Hamptons agents for Douglas Elliman before deciding to join Sotheby's International Realty. In the past 12 months, they jointly closed over $200 million.

Agents 154
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Today’s Mortgage Rates Rise: Insights for January 02, 2025

Marco Santarelli

Mortgage rates have risen today, January 2, 2025, making it essential for potential homebuyers to stay informed and make smart financial decisions. As per the latest data from Zillow , the average 30-year fixed mortgage rate has climbed to 6.70% , while the 15-year fixed rate has increased to 6.10%. The rising rates may present challenges, but understanding the trend can provide some clarity for those looking to navigate this complex market.

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Home prices hit new highs in 2024. These 2 factors could ease the pain 

Inman

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.

Marketing 164
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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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New Year, New House? Here’s Why You Shouldn’t Wait past February to Start Searching

Lighter Side of Real Estate

If real estate agents earned a dollar every time they heard someone say, “I’m waiting until the new year to buy a house,” they wouldnt retire rich, but it might be enough to fill up their gas tank with premium! They start hearing buyers say this just before the holidays, often from buyers whove spent months searching for their dream home.

Agents 95
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Housing inventory hits post-2020 high as unsold homes linger

Inman

In November, active listings rose 0.5 percent month over month and 12.1 percent year over year, according to Redfin's analysis.

Mortgages 169
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JONATHAN ROLANDE: New Year and new reasons to be cheerful

Estate Agent Today

We’re only a few days into 2025 and experts have already issued a major set of predictions for this year’s property prices. This week the Centre for Economics and Business Research (CEBR) shared its latest prophecy for 2025, and its good. Very good in fact. Theyre predicting a 4.

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Team Spotlight: Meet the dynamic real estate teams of 2024

Inman

This year, Inman highlighted 19 dynamic teams in its recurring Teams Spotlight column. We've rounded them all up in one place. Here's a look back at 2024.

Agents 147
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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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The 2025 Housing Market is Here! (What to Watch Starting NOW)

Bigger Pockets

Welcome to the 2025 housing market!

Marketing 103
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Anywhere Brands’ Sue Yannaccone aims to get ‘back to action’ in 2025

Inman

The Anywhere Brands president and CEO told Inman ahead of her January ICNY appearance that it's time for agents to move past the upheaval of 2024 and raise the bar for a new era in real estate.

Branding 135
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Kerfuffle lands whale of a deal for 2025

Estate Agent Today

Kerfuffle has wasted no time in 2025 getting the ball rolling with the first deal of the new year after acquiring the global proptech resource specialist Unissu.

Land 100
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Lake Tahoe property sells for discount at $33.5M

Inman

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.

Marketing 149
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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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Agents Do Charity – New Year charitable cheer

Estate Agent Today

Welcome to this weeks Agents Do Charity, our chance to salute those who do so much to help others.

Agents 95
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Consumers are changing. In 2025, proptech may finally start to notice

Inman

2025 will be a year of major change if artificial intelligence is deployed to improve the consumer experience, construction and apartment living, Inman technology expert Craig Rowe writes.

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New chief financial officer takes the helm at TPFG

Estate Agent Today

Ben Dodds has officially taken over as chief financial officer at The Property Franchise Group (TPFG).

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Tell us your New Year’s resolution for 2025: Pulse

Inman

As we all step into a new year, we want to know what's on your personal and professional list of goals for 2025.

Brokerage 120
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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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Housing Secretary to make debut in front of influential MP committee next week

Estate Agent Today

Deputy Prime Minister Angela Rayner is set to be grilled by the Housing, Communities and Local Government (HCLG) Committee next week.

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Teams Spotlight: The Chestler Jacobs Team at Douglas Elliman

Inman

Learn how this award-winning team got started, where they've been challenged, and what they'd suggest to other teams and team leads just starting out.

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Affordable Housing Lottery Opens in Gowanus With $784 Studios

Brownstoner

The latest affordable housing lottery to open for a new development made possible by the Gowanus rezoning is for the still under-construction 499 President Street Apartments. The nine-story development, which wraps around the Royal Palms Shuffleboard building between Nevins and Union streets, comprises 350 apartments in total. Included in the lottery… Read More > The post Affordable Housing Lottery Opens in Gowanus With $784 Studios appeared first on Brownstoner.

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New Year, New You: Building a Blueprint for Success

RIS Media

Above (L-R): Kevelyn Guzman, Erin Cestero, Merri Jo Cowen and Gino Blefari To gain insight into how real estate professionals are mapping out the year ahead, we asked a few of our 2024 Real Estate Newsmakers the following question: What key aspects are part of your blueprint for success in 2025? Heres what they had… The post New Year, New You: Building a Blueprint for Success appeared first on RISMedia.

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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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A 10,138-square-foot Austin house jam-packed with amenities wants $9 million

Fancy Pants Homes

In one of the most sought-after enclaves in Southwest Austin, the prestigious gated community of Spanish Oaks — famous for having one of the best private golf courses in all of Texas — a glam new listing is looking for its future owners. Freshly remodeled and priced at $8,995,000, the elegant home at 5009 Spanish Oaks Club Blvd is listed with Peyton Thompson of The Agency Austin and is jam-packed with amenities.

Design 68
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The Bookkeeping Best Practices That Will Keep Your Short-Term Rentals Running Smoothly

Bigger Pockets

Bookkeeping is not exactly glamorous work for any landlord, let alone a short-term rental host.

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The Client-Connection Hack Every Real Estate Agent Should Be Using

BAM Media

Youve heard it said countless times: real estate is a relationship-based business. But what does that really mean in practical terms? Essentially, it indicates that: To succeed in real estate, you need to build and nurture relationships. To build relationships, you need to get to know people. To know people, you need to have conversations with them.

Agents 59
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House Hacking is the Most Logical Way to Make Money In Real Estate This Year—Here’s Why

Bigger Pockets

Years ago, renting a room in your home for extra income was called “taking in a lodger.

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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.