Housing Wire

DECEMBER 19, 2024

The housing industry is getting an early Christmas gift. The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million, a 4.8% increase over the revised October number and a 6.1% increase year over year. The annualized rate is the highest seen since the tally of 4.22 million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021.

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Inman

DECEMBER 19, 2024

Existing-home sales rose 6.1 percent annually in November while three out of four U.S. regions saw increases from 2023, according to new data released Thursday by the National Association of Realtors.

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Housing Wire

DECEMBER 19, 2024

Its late December so all the 2025 mortgage rate forecasts have been published. Unfortunately, all of them are already wrong. Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The most optimistic predictions assume 2025 will see mostly low 6s for the 30-year fixed rate mortgage. And yet with pesky inflation data not falling as quickly or as far as expected, Fed chair Jerome Powell suddenly changed his language in the Fed meeting on Dec. 19.

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RIS Media

DECEMBER 19, 2024

Ask any real estate or mortgage professional what housing has been like in 2024, and the answer is likely chaotic. Ask consumers the same question, and theyll probably sum it up in one word: unaffordable. A continued trend of higher-for-longer mortgage rates will continue into 2025 accompanied by high home prices, but slight improvements are… The post 2025 Housing Market Predictions: What Economists Expect for the Year Ahead appeared first on RISMedia.

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Housing Wire

DECEMBER 19, 2024

RE/MAX Holdings , the parent company of real estate franchisor RE/MAX and mortgage franchisor Motto Mortgage , is getting into the advertising game. On Thursday, the company announced the launch of the RE/MAX commerce media network. The initiative is supported by Kontrol Media. It will give advertisers like moving companies, local contractors and furniture companies access to consumers who are actively pursuing a home buying or selling journey through RE/MAXs digital media network of websites, e

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Housing Wire

DECEMBER 19, 2024

There’s a reason why eXp Realty regards itself as the “the most agent-centric brokerage on the planet.” This week, the company embodied that mindset with yet another major affiliation that expands its agent network. eXp announced this week the affiliation of Kris Caldwell, a veteran real estate leader with expertise in Colorado ‘s Front Range and leading mountain communities.

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RIS Media

DECEMBER 19, 2024

Existing-home sales continue to rise year-over-year for the second month as economists say buyers are feeling more positive about their market prospects. Total existing-home sales improved 4.8% in November, rising from Octobers rate of 3.96 million to 4.15 million. Novembers sales data saw a large jump of 6.1% year-over-year, more than double Octobers year-over-year increase… The post Existing-Home Sales See Strongest Year-Over-Year Increase Since 2021 appeared first on RISMedia.

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Housing Wire

DECEMBER 19, 2024

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008. But the number of foreclosure starts spiked by 27% to 22,025 during the quarter.

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BAM Media

DECEMBER 19, 2024

BAM Key Details: Clever Real Estates latest report reveals that 49% of sellers and 41% of buyers believe 2025 will be a seller’s market, while 68% of buyers worry rising home prices will delay their purchase. With buyers expecting to spend $386,507 on average and sellers aiming for $413,976, a $27,000 gap underscores the affordability challenges shaping next year’s housing market.

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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.

Industrial

Housing Wire

DECEMBER 19, 2024

What drives the secondary market and mortgage industrys top innovators? This series unveils the personal and professional moments shaping Pollys executive team and their vision for a better mortgage future. Dive into the lives of Pollys executive team in this 4 episode docuseries. Inspired by ESPNs 30 for 30, these four short episodes explore the personal journeys, career-defining moments, and unique purpose driving the leaders shaping the future of housing.

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Real Estate News

DECEMBER 19, 2024

As other brokerages stumbled in 2024, Real saw enviable growth in agent count, transactions and share price with President Sharran Srivatsaa setting the tone.

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Housing Wire

DECEMBER 19, 2024

Planet Home Lending announced Thursday that it has hired Candice McNaught as senior vice president of business development and strategic initiatives for its distributed retail channel. McNaught, a 2023 HousingWire Woman of Influence , brings more than 16 years of experience to the role. She formerly held posts at Supreme Lending and NFM Lending. In her previous role at Supreme, McNaught oversaw 200 branch locations and a national network of more than 700 loan officers.

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Real Estate News

DECEMBER 19, 2024

Existing home sales rebounded in November, pushing annual sales past the 4 million mark. A big jump in mortgage rates may quash momentum, however.

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Brokerage

Housing Wire

DECEMBER 19, 2024

As 2025 approaches, The Real Brokerage is heading into the new year with more growth-centered momentum. The digital brokerage platform announced another major affiliation this week to strengthen its presence in the luxury market. Real announced this week the affiliation of Urban Nest Realty , a Las Vegas -based brokerage. The move will add 400 agents to Real’s network and strengthen its presence in Las Vegas’ luxury real estate scene.

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Brownstoner

DECEMBER 19, 2024

Got a project to propose forThe Insider?Contact Cara at caramia447 [at] gmail [dot] com A Queen Anne-style brick row house on a landmarked block, venturesome new homeowners, a talented architect, and skillful builder -- what could possibly go wrong? Nothing drastic did, actually, in the course of a top-to-bottom renovation that… Read More > The post The Insider: New Solarium Is Key to Reinvention of Cobble Hill Queen Anne appeared first on Brownstoner.

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Housing Wire

DECEMBER 19, 2024

Better.com announced Thursday that it has hired Misti Snow as its new senior vice president of operations. Snow, who has more than 30 years of operations experience in the financial services industry, officially started her new role on Dec. 16. In an exclusive interview with HousingWire , Snow said that her prior partnership and longstanding professional relationship with Better President Chad Smith was a draw for taking on the new role. “He and I worked at LendingTree together, so the tru

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Keeping Current Matters

DECEMBER 19, 2024

When you sell your house, ideally, you want it to go something like this: your house sells for top dollar, you get it sold quickly, and it all goes down without a hitch.

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Housing Wire

DECEMBER 19, 2024

Known for its rural communities, quaint towns, scenic lakes and mountain vistas, New Hampshire is probably not where you would expect to find one of the nations hottest housing markets but the data says otherwise. According to Zillow , the city of Manchester , New Hampshire, was the most popular market on the listing portal in 2024 in terms of page views, home-price appreciation and time on market.

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Brownstoner

DECEMBER 19, 2024

In the News NYC to Pay $92.5 Million to Improperly Detained Immigrants [NYT] Judge Upholds Bribery Charge Against the Mayor [NYT] Tiny Brooklyn Magic Show Is One of the Hottest Tickets in NYC [NYP] East New York Building Inferno Leaves Man Dead [NYP] Atlantic Avenue to See Major Change With CB Vote [BK Reader] Will Prospect… Read More > The post Daily Links: Community Board Votes in Favor of Atlantic Avenue Rezoning appeared first on Brownstoner.

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Housing Wire

DECEMBER 19, 2024

Ellington Financial , the parent company of major reverse mortgage lender and servicer Longbridge Financial , announced this week that it has issued a $243 million proprietary reverse mortgage securitization backed entirely by Longbridges Platinum product line. The loans will also continue to be serviced by Longbridge, according to the announcement of the securitization.

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Inman

DECEMBER 19, 2024

NAR sent the cease-and-desist letter to Phoenix Realtors over its MLS Choice option, which gives brokers access to state-compliant forms and legal aid but may also violate its three-way agreement.

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Housing Wire

DECEMBER 19, 2024

After initially entering the mortgage business in 2003 following a career change from accounting, Rick Rodriguez was reading a book about mortgages that included a chapter on the reverse mortgage product. He remembered thinking the chapter was intriguing and flagged it in his mind so he could look into the product further. After asking his colleagues if it was a product they offered, he was told that they doubted hed ever be in a position to sell reverse mortgages.

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Inman

DECEMBER 19, 2024

Find out how this young, first-generation Filipino-American entrepreneur worked her way up from receptionist to broker-owner.

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Real Trends

DECEMBER 19, 2024

Open houses can be a goldmine for potential leads and a great way to showcase your listings. But let’s face it getting visitors to sign in can sometimes feel like pulling teeth. People are increasingly hesitant to hand over their personal details. Sign-in sheets are crucial for your business and for everyone’s safety. In fact, a recent survey by the National Association of REALTORS (NAR) showed that 22% of real estate agents experienced situations where safety was a concern.

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Inman

DECEMBER 19, 2024

Commission lawsuits and industry practice changes will face off in our final bracket challenge. Inman readers, vote now and let us know what you think is the most important story of 2024.

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