Sat.May 04, 2024

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Did lower mortgage rates slow housing inventory growth?

Housing Wire

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases , inventory growth slowed dramatically and is far from my 11,000-17,000 growth model with mortgage rates over 7.25%. Did the recent dip in mortgage rates play a role here or is this the average choppy weekly data we have seen in past years?

Mortgages 501
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CoStar CEO on Matterport deal: Virtual tours, real advantage

Real Estate News

Andy Florance discusses the “transformative technology” and his plans to rapidly expand the company while rolling out generative AI features later this year.

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Plan if you must, but prepare for the unexpected

Inman

Real estate professionals have survived upheaval and change in the past, and we'll do so again, broker-owner Teresa Boardman writes, even if we don't yet know quite how.

MLS 176
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Tech Bytes: News from Remine, CubiCasa, Supra, Lone Wolf, more

Real Estate News

New CEO at Remine; CubiCasa adds products; Supra unveils new platform; NNRMLS teams with Lone Wolf; Listing Showcase expands; news from Cloze, Lundy, Vestaplus.

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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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Lesson Learned: What goes around comes around

Inman

Find out what Atlanta Realtor Nadine Lutz has learned about the wheel of life and how she serves clients with empathy and integrity.

Agents 146
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Top 5 Stories on Brownstoner This Week: Bakery With Bar Bound for Bed Stuy

Brownstoner

Bakery and Cafe With Basement Cocktail Bar to Open in Bed Stuy A bakery and cafe that will blend Middle Eastern and South American flavors for its signature recipes plans to open its doors on Hancock Street in Bed Stuy soon and, if all goes according to plan, in the weeks… Read More > The post Top 5 Stories on Brownstoner This Week: Bakery With Bar Bound for Bed Stuy appeared first on Brownstoner.

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Brokerage Beat: News from E&V, Corcoran, Side, Real, more

Real Estate News

E&V opens in Mexico City; Corcoran gains 3 NFL pros; Side adds teams; largest woman-owned firm joins Real; William Raveis acquires S.C. indie; eXp Canada grows.

Brokerage 174
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Mortgage Rate Predictions for the Next Two Months

Marco Santarelli

The housing market has thrown aspiring homeowners a curveball in 2024. After years of rock-bottom mortgage rates, inflation has come roaring back, sending rates sharply higher. This leaves many wondering: what will the next two months hold for mortgage rates? Mortgage rates for the next 2 months (May-June 2024) are likely to stay above 7% with some possibility of stability or slight dips.