Sat.Dec 14, 2024

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Housing demand resilient even with higher mortgage rates

Housing Wire

The holiday season is here, and despite higher mortgage rates last week, housing demand is displaying some festive resilience. Typically, we expect a decrease in activity with elevated rates, but a seasonal boost is helping the purchase application data over the last month. Additionally, our pending contracts are still reflecting double-digit year-over-year growth.

Mortgages 396
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12 ways to reduce stress and chaos and stay on track in 2025

Inman

Frustrated by the challenges of 2024 and finding it hard to get geared up for 2025? Bernice Ross offers a dozen strategies to help get your attitude and your business back on track.

Brokerage 154
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Guild Mortgage CEO Terry Schmidt on adopting a ‘customer-for-life’ strategy

Housing Wire

In this weeks episode of the Power House podcast , HousingWire President Diego Sanchez sits down with Terry Schmidt , CEO of San Diego-based Guild Mortgage , to discuss the companys recent acquisitions, reverse mortgages and the use of artificial intelligence for mortgage originators. This interview has been edited for length and clarity.To start the conversation, the duo dive into the details of Guilds acquisition of retail mortgage rival Academy Mortgage in February 2024.

Mortgages 300
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Reality star Jason Oppenheim’s kickback scandal: The Download

Inman

Can "Selling Sunset's" star bounce back from kickback accusations, or will they take a toll on his professional reputation?

Brokerage 143
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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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Top 5 Stories on Brownstoner This Week: A Housing Lottery Launches in East New York

Brownstoner

Empire State Dairy Affordable Housing Lottery Opens With $823 Units An affordable housing lottery has launched for a new 14-story, 320-unit development attached to East New Yorks landmarked Empire State Dairy building on Atlantic Avenue. Towering over the historic industrial building known for its impressive tile murals and rare Vienna Secession… Read More > The post Top 5 Stories on Brownstoner This Week: A Housing Lottery Launches in East New York appeared first on Brownstoner.

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Michael Jordan’s Chicago Mansion Finally Sells—at a Massive Discount

BAM Media

After more than a decade on the market, Michael Jordans famed Chicago mansion has finally sold for $9.5 million, less than one-third of its original $29 million asking price. The sprawling Highland Park estate, known for its Air Jordan-branded basketball court and extravagant amenities, gained notoriety not just for its ties to Jordan but for the 13 years it spent unsold.

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NAR Predicts 6% Mortgage Rates in 2025 Will Boost Housing Market

Marco Santarelli

The National Association of Realtors (NAR) has provided a promising outlook for 2025, predicting an average mortgage rate of 6% for the U.S. 30-year fixed mortgage. This forecast is set to significantly boost housing affordability and demand, providing a much-needed lift to the current housing market. Low mortgage rates have historically made home ownership more accessible, and with the current rates hovering around 7%, the anticipated decrease could open doors for many would-be homeowners who h

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Texas Housing Market Predictions for the Next 2 Years: 2025-2026

Marco Santarelli

Will Texas home prices drop in the next 2 years? The Texas housing market is expected to experience a moderate slowdown over the next two years, with some regions experiencing price declines while others show growth. The overall forecast indicates a transition from the strong growth seen in recent years towards a more balanced market. I've been closely following the Texas housing scene for quite some time, and I'll share my insights and analysis of the projected market conditions for the next tw