Housing Wire
OCTOBER 19, 2024
We have had three weeks of positive year-over-year growth in both purchase application data and weekly pending contract data, with last week showing a noticeable jump from last year. Now the dose of reality: last year at this time mortgage rates were heading toward 8% , and even though 2023 showed record low sales levels, it got worse with 8% rates.
Real Estate News
OCTOBER 19, 2024
The Clear Cooperation Policy — a misguided attempt to level the playing field — doesn't meet the needs of consumers or support principles of free enterprise.
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Marco Santarelli
OCTOBER 19, 2024
Are you dreaming of owning a home, but those mortgage rates are making you hold back? You're not alone! Many potential homebuyers are waiting for how low mortgage rates must go before homebuyers start shopping , and this article will dive deep into that very question. We'll examine recent surveys, expert opinions, and historical data to paint a clear picture of what it will take to reignite the housing market.
Real Estate News
OCTOBER 19, 2024
The DANGER Report spelled out risks for agents and brokers a decade ago. Many of its projections have come to pass — but they haven’t all been negative.
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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.
Marco Santarelli
OCTOBER 19, 2024
Hey there! Thinking about buying or selling a home? You're not alone. Recently, more people decided to sell their homes than usual , and it's got the real estate market buzzing. Let's dive into why this surprising surge happened and what it means for you. Why Did More People Decide To Sell Their Homes in Fall? The Unexpected Fall Home Market Boom Typically, the real estate market slows down as summer ends.
Real Estate News
OCTOBER 19, 2024
Top NYC agent moves to Compass; 20-year vet joins Corcoran Centric; Florida indie gains new leader; The Agency opens in Saskatoon; C21 adds Vegas firm; more.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Marco Santarelli
OCTOBER 19, 2024
If you're considering buying a typical starter home in Seattle , prepare to earn a substantial income—it requires a whopping $178,332 annually. This reflects increased challenges for buyers as the housing market in Seattle becomes more competitive and prices continue to rise. The latest data reveals that, despite a recent dip in mortgage rates, affordability remains a significant hurdle for many prospective homeowners.
BubbleInfo
OCTOBER 19, 2024
For those who want to stay closer to San Diego when they move but want to experience the four seasons: [link] The post Big Bear first appeared on bubbleinfo.com.
Marco Santarelli
OCTOBER 19, 2024
Single-family homes are more than just a popular housing option; they represent a significant component of the American real estate market. In September 2024, single-family home construction surged, indicating a renewed interest among homeowners and builders alike, particularly in the Northeast. This increase is largely attributed to a dip in mortgage rates, making it more affordable for families to invest in their own homes.
A Student of the Real Estate Game
OCTOBER 19, 2024
This week, I was sitting in a conference room in Fort Lauderdale, surrounded by prominent multifamily investors. We were having a closed-door, off-the-record conversation about all things multifamily. I was in heaven. I got to ask questions and hear insights from experienced multifamily investors who have been through cycles, grown platforms, and experienced failure.
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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.
Marco Santarelli
OCTOBER 19, 2024
Mortgage rates remain mostly steady this week, showing minimal fluctuations after a significant jump earlier this month. The 30-year fixed rate has not varied more than 0.06% since the notable increase following the jobs report, indicating a stable environment for potential buyers and current homeowners alike. Understanding This Week's Mortgage Rates Trends: Expert Insights Key Takeaways Steady Rates: Mortgage rates have been steady, with only minimal changes observed this week.
Marco Santarelli
OCTOBER 19, 2024
October 2024: The housing market is a bit of a puzzle. The economy is doing pretty well, but buying a house is still tough. Houses are expensive, and there just aren't enough of them. Even with these hurdles, we're seeing more first-time buyers jumping into the market, which is making it even harder to find a place. This article will take a closer look at what's going on in the housing market right now, talk about how people are dealing with it, and try to figure out what might happen next.
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