Thu.Feb 27, 2025

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Mortgage payments rise in January, squeezing affordability

Housing Wire

Homebuyers faced worsening affordability conditions in January as the median monthly mortgage payment for purchase applicants increased to $2,205, a 3.7% jump from Decembers $2,127, according to the Mortgage Bankers Association (MBA). The findings, drawn from MBAs Purchase Applications Payment Index (PAPI), reflect the growing strain on borrowers amid persistent high home prices and fluctuating mortgage rates.

Mortgages 410
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Pending home sales fall 4.6% to an all-time low, NAR says

Inman

The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year.

Sales 166
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Surging for-sale inventory turns Florida into a buyer’s market

Housing Wire

Florida was one of the hottest destinations during the pandemic, but the states housing market might be coming down to earth. According to a report from Redfin, for-sale inventory at the end of January in Florida was up 22.7% year over year. At 172,209 homes, its the highest reading of any month dating to when Redfin started keeping records in 2012.

Sales 387
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Home values have surged at 2X the normal rate since pandemic

Inman

Since 2020, U.S. home values have risen by 45.3 percent. In other words, more than 10 years of typical home value growth has been packed into a five-year period, a new report from Zillow shows.

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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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How to write creative real estate listing descriptions + examples

Housing Wire

Real estate listing descriptions can be tricky to write, especially for agents who dont have a background in creative writing. They need to be detailed, informative, capture the essence of the property and grab a readers attention all at once and with limited words not easy! So, how do you make the most of your allotted character count and ensure your listing stands out from the crowd?

More Trending

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Woman pleads guilty in Graceland fraud scheme

Housing Wire

A woman pleaded guilty to one count of mail fraud for trying to orchestrate a scheme that included a threat to auction off Graceland , the former home of Elvis Presley, the Department of Justice (DOJ) said. Court documents show that Lisa Jeanine Findley, 53, of Kimberling City, Mo., along with accomplices, orchestrated a scheme to fraudulently sell Graceland using a fake company, forged documents and false court filings.

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Do You Know How Much Your Home Is Worth?

Keeping Current Matters

Over the past few years, you’ve probably seen a whole lot of headlines about how home prices keep going up.

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Insurance worries are forcing homeowners to rethink their living arrangements

Housing Wire

American homeowners are struggling to keep up with unpredictable natural disasters and the rising homeowners insurance premiums that follow them. Residents are more willing to move if it means avoiding high insurance rates, according to a new study from mortgage technology company Maxwell. And one state stands out among the rest in terms of risk. “It’s clear: Homeowners insurance and taxes are taking up an increasing share of a family’s monthly housing cost,” Maxwell co-f

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Pending Sales Shrink as Economists Fear Extended Winter Freeze

RIS Media

Prospective homebuyers and sellers remain cold, wary and economically pressured this winter, as the latest data from the National Association of REALTORS (NAR) showed a not-insignificant 4.6% drop in pending transactions in January, with economists continuing to point at affordability as the biggest long-term barrier to more activity. Pending sales were also down 5.2% from… The post Pending Sales Shrink as Economists Fear Extended Winter Freeze appeared first on RISMedia.

Sales 107
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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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The Acra alternative: Inviting all borrowers to the party with non-QM options

Housing Wire

How can today’s mortgage lending market be summed up in one word? For homeowners who purchased their property during COVID when mortgage rates were near 3%, the word “comfortable” may come to mind. Mortgage brokers enjoyed equal success then, as lower rates allowed them to qualify more borrowers and bring more revenue. For them, the word would likely be “flowing.” The post-pandemic market was a utopia for aspiring homebuyers and mortgage brokers in the market, and s

Lending 312
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Century 21 North East expands in Boston with Century 21 Celli

Inman

With this acquisition, Century 21 North East aims to strengthen its position in the real estate market by broadening its reach and enhancing the value it provides to clients.

Marketing 128
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Rising insurance costs will continue to put a strain on homeownership

Housing Wire

In 2024, the U.S. recorded 27 weather and climate disasters that incurred losses of more than $1 billion, the second-highest total for any year on record. It also marked the 14th consecutive year in which the U.S. experienced 10 or more billion-dollar disasters and the fifth straight year in which at least 18 such disasters occurred. Between 2015 and 2024, the U.S. recorded 190 separate natural disasters with at least $1 billion in losses, according to data from the National Centers for Environm

Equity 269
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Mortgage rates are falling, but economic uncertainty grows

Real Estate News

Rates fell to the lowest level in two months good news for affordability but pending sales also dipped, and declining confidence may keep buyers sidelined.

Mortgages 261
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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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eXp, Weichert representatives to be deposed over settlements

Housing Wire

The eXp and Weichert commission lawsuit settlements are facing yet another hurdle. The two firms will have to provide representatives who are able to testify regarding the settlement negotiations undertaken by both brokerage defendants in the Hooper suit, which led to their contested settlements. The videotaped depositions will occur next Wednesday and Friday.

Brokerage 322
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Renters Insurance: What It Is and How It Works

AAOA

What Is Renters Insurance? Renters insurance refers toproperty insurancethat protects tenants who live in a rented dwelling. Coverage is provided by insurance companies in exchange for premiums paid by people living in apartments, single-family homes, andcondominiums. Policies provide coverage for an insured party’s personal property as well as liability claims that are not due to a structural problem with the property.

Design 119
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Rocket Mortgage’s origination volume rises to $27.8B in Q4

Housing Wire

Rocket Companies , the parent of Rocket Mortgage , on Thursday released its latest earnings report in which it recorded net revenue of $1.8 billion and GAAP net income of $649 million in the fourth quarter of 2024. For the whole year, the company posted net revenue of $5.1 billion and GAAP net income of $636 million. Rocket Mortgage generated $100.8 billion in net rate lock volume, a 28% increase compared to 2023 , as well as $101.2 billion in closed loan origination volume, a 29% increase from

Loans 312
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No Clear Cooperation? Expect ‘an explosion’ in private listings

Real Estate News

During a webinar, leaders from Zillow, CRMLS, ARELLO and NFHA argued that scrapping the CCP could also stifle competition and lead to fair housing lawsuits.

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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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More than 4.3 million homes at high risk for wildfires

Housing Wire

More than 4.3 million homes across the U.S. face a high wildfire risk, putting an estimated $2.15 trillion in residential property value in jeopardy, according to a new report from climate risk analytics firm ZestyAI. The AI-driven study, which analyzed 126 million properties nationwide, found that wildfire threats extend far beyond traditionally high-risk regions.

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Top Ten: People You Shouldn’t Take Real Estate Advice From

Toronto Realty Blog

TorontoRealtyBlog First and foremost: I recognize the irony or as some of you will suggest, the downright hypocrisy of me compiling a list of people from whom you shouldn’t solicit real estate advice, given that I provide real estate advice for a living! But hopefully many of you will realize that today’s post is supposed to be fun. If you’re a financial planner, or you’re currently pressuring your daughter-in-law to move to the boonies, then maybe you’ll have a tou

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Glenn Kelman, Redfin eye profitability in 2025

Housing Wire

There’d no doubt that 2024 was a tough year for Redfin. Despite recording a 7% annual increase in revenue to $1.043 billion, the companys net loss of $164.8 million was $34 million higher than the one it recorded in 2023. Additionally, the firm underwent a significant round of layoffs in August 2024 , with further layoffs continuing into early 2025.

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Opendoor saw rising losses in Q4, but managed to boost revenue

Inman

The iBuyer's $1.1 billion in Q4 revenue wasn't enough to offset a loss of $113 million. However, CEO Carrie Wheeler said the company entered 2025 as "a leaner, more efficient business.

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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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Atlanta Fed President Discusses Affordability, Inflation at “Fireside Chat”

RIS Media

The Urban Land Institute Housing Opportunity Conference, held in Atlanta, Georgia, brings together housing professionals in the private and public sectors. At the conference Raphael Bosticthe president of the Federal Reserve Bank of Atlantafielded questions from Dennis Shea, executive director of the J. Ronald Terwilliger Center for Housing Policy. Bostic has previously served on the… The post Atlanta Fed President Discusses Affordability, Inflation at “Fireside Chat” appeared

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Redfin focused on growing market share after missing on profits

Real Estate News

Revenue was up 12% in Q4, but losses increased. The company hopes cost savings, marketing and a stronger sales team will get it back in the black in 2025.

Marketing 224
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Texas Capital Bank enlists reverse mortgage expert’s opinion in Ginnie Mae lawsuit

Housing Wire

In its ongoing lawsuit against Ginnie Mae over $28 million in collateral from loans tied to a bankrupt reverse mortgage lender, Texas Capital Bank (TCB) recently submitted what it called an expert report from a former reverse mortgage industry executive, who offered his thoughts on Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ).

Banks 221
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Homeownership is all over the map — see the state at No. 1

Real Estate News

After a brief COVID bounce, the share of people who own their homes has settled in around 65%, a recent report found. But it can vary widely by state and city.

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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.