Mon.Jan 20, 2025

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Home sales are stalled with 7% mortgages

Housing Wire

New contracts for home purchases are coming in very low this month. We counted 10% fewer home sales for the week than the same week a year ago. In the fourth quarter of 2024, sales were coming in at 5% to 10% more than the year prior. Those sales gains have evaporated and even reversed. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago.

Sales 396
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When Is the Perfect Time To Move?

Keeping Current Matters

It’s easy to get caught up in the idea of waiting for the perfect moment to make your move – especially in today’s market.

Marketing 210
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Capitulation: Why buyers and sellers are ready to move

Housing Wire

Inaction is easy. Its quiet; unwritten; immune from critique. It sits undone; confidently static. But if buyers and sellers were compelled to transcribe their inaction, it would read like a sociopaths diary entry: We could have watched you grow up, but your grandpa and me werent willing to give up our 2.875% rate to move closer to you. Your mother and I could have sent you to good schools, but we just didnt have the energy to problem-solve a new monthly payment.

Staging 369
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LA fires spark a call for real estate ‘unity’

Real Estate News

Industry veterans and pro musicians channel their hopes into a song thats meant to point people toward positive change in a time of "so much hate.

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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 gen AI is making real estate cybercrime easier than ever

Housing Wire

Cybercrime losses rose to a record high of $12.8 billion in 2023, according to the FBI’s Internet Crime Report , and 2024 saw more of the same. Consider these stats: FundingShield reported that 45.5% of loans processed in Q4 2024 had issues that lead to wire fraud risks. NDP Analytics reported that in just one month in 2024, 19% of firms reported a seller impersonation fraud attempt.

Title 288
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MLS Milestones: Floor plans required in New Mexico; Texas MLS expands

Real Estate News

In a first for the industry, NMMLS mandates floor plans on all listings and hopes other MLSs will follow its lead. Plus, Waco Realtors joins NTREIS.

MLS 161

More Trending

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Keller Williams, LPT start the year with recruiting wins

Real Estate News

While the firms are operating at very different scales, they're each focused on growth, with KW gaining ground in Toronto and LPT nabbing 11 Livian teams.

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Lower CEO Dan Snyder explores acquisitions, technology and growth plans

Housing Wire

In this weeks episode of the PowerHouse podcast, HousingWire President Diego Sanchez talks with Lower CEO Dan Snyder about the digital lenders recent acquisition of Neat Labs , its in-house tech development efforts and coaching programs for top producers. This conversation has been edited for length and clarity. To start the conversation, Sanchez asks a question about Lowers most recent acquisition.

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When divisive political rhetoric crosses the fair housing line

Inman

Costs and lawsuits are on the rise. Make sure that your marketing and practices don't set you up for a fair housing violation or accusation with help from Dr. Lee Davenport.

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Treasury outlines rising cost of homeowners insurance

Housing Wire

A comprehensive report on homeowners insurance released by the Treasury Department this week outlined the cost of climate challenges on homeowners. Notably, the report found that homeowners in areas with the highest risk of perils paid 82% more for homeowners insurance than those in ZIP codes with the lowest climate risks and had nonrenewal rates that were 80% higher than those inlow-risk areas.

Lending 204
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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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Inside the habits of real estate’s AI power users: Inman Intel survey

Inman

Agents told Intel that artificial intelligence has "significantly" boosted their productivity while others reported less promising results. See what tools they're using that other agents are not.

Agents 88
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Buyers must be prepared for missing Stamp Duty deadline – warning

Estate Agent Today

Homebuyers need to be prepared to be disappointed about missing the Stamp Duty deadline, a mortgage industry figure has warned.

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Moving Out of Parental Homes is On Hold

Eye on Housing

The worst on record rental affordability conditions, depleted excess savings of the pandemic era, and high mortgage rates halted the post-pandemic trend of young adults moving out of parental homes. The share of adults ages 25-34 living with parents or parents-in-law hovered just above 19% in 2023, stagnant from 2022, according to NAHBs analysis of.

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1.73 million Total Housing Completions in 2024 including Manufactured Homes; Most Since 2006

Calculated Risk Real Estate

Although total housing starts decreased 3.9% in 2024 compared to 2023, completions increased sharply year-over-year. There were 1.731 million total completions and placements in 2024, up 12.5% compared to 2023, and the most since 2006. Not counting Manufactured homes, there are 1.628 million completions in 2024, up 12.4% from 1.449 million in 2023, and also the most since 2006.

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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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Investor Sentiment Quickly Turns as Home Sales Bottom, Inventory Rebounds

Bigger Pockets

Weve got great news for investors, agents, lenders, and first-time homebuyers: housing inventory is about to risebig time.

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Will Spanish property tax clampdown help the UK housing market?

Estate Agent Today

Property buyers in Spain are facing higher costs when purchasing a home.

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A Seamless Experience From Transaction to Close

RIS Media

Above, Carol Perry Providing consumers a cohesive experience from contract to closeand beyondis the name of the game for HomeSmart International Founder and CEO Matt Widdows, who recruited friend, business partner and confidant Carol Perry to be part of his team as he launched the company nationally. With nearly 20 years of experience in the… The post A Seamless Experience From Transaction to Close appeared first on RISMedia.

Closing 71
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Anti-money laundering rules risk stifling agency growth – warning

Estate Agent Today

Estate agents are among firms feeling overwhelmed by anti-financial crime compliance.

Agents 67
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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.

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Debunking Housing Market Crash Predictions for 2025

Marco Santarelli

Are you feeling that nagging sense of dj vu? All this talk about a housing market crash in 2025 might be conjuring up some uneasy memories of 2008. But hold on a second, while it's natural to feel a bit jittery, the truth is, the situation is nowhere near as bleak as some headlines would have you believe. In fact, the evidence suggests that predictions of a significant housing market crash in 2025 are largely overblown.

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4 Home Interior Improvements That Impress Buyers

Estate Agent Today

If you plan to sell your home anytime soon, you need to ensure it hits all the right chords in prospective buyers. No matter how hot the market gets, it matters to ensure your property has all the right features that buyers wont resist.

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Daily Links: Seniors Living on Houseboats in Mill Basin Marina Get Eviction Notices

Brownstoner

In the News With City of Yes, New York Gets Real About Housing Crisis [NYT] Which Subway Line Has the Most Delays? [NYT] Busta Rhymes Accused of Assaulting Assistant in Dumbo [NYP] MLK Day Health Crawls to Celebrate Food, Culture, Community [BP] Revamped Caribbean Market Lacks Buzz: Vendors [BK Reader] A New York City Housing Crisis,… Read More > The post Daily Links: Seniors Living on Houseboats in Mill Basin Marina Get Eviction Notices appeared first on Brownstoner.

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Agents invited to compliance webinar

Estate Agent Today

Alto is partnering with home-moving app Snappily to host a webinar on market regulation and compliance for agents in 2025.

Agents 62
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Remodeling Market Sentiment Improves in the Fourth Quarter of 2024

RIS Media

The National Association of Home Builders (NAHB) has announced the release of its NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter, which posted a reading of 68, up five points compared to the previous quarter. The NAHB/Westlake Royal RMI survey asks remodelers to rate five components of the remodeling market as “good,” “fair”… The post Remodeling Market Sentiment Improves in the Fourth Quarter of 2024 appeared first on RISMedia.

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Scottish agent calls for property tax income to go towards affordable housing 

Estate Agent Today

The Scottish Government has continued to see its property tax take rise and a leading agent in the country is calling for the money to be used more effectively.

Agents 62
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South Midwood Queen Anne With Porch, Parking Asks $3.5 Million

Brownstoner

There are only a handful of listing photos for this Queen Anne standalone, but they give a tantalizing glimpse of some fine interior details, including built-ins, stained glass, mantels, wood floors, and pocket doors. On a corner lot at 2404 Foster Avenue, it is spacious indeed, with generously sized entertaining… Read More > The post South Midwood Queen Anne With Porch, Parking Asks $3.5 Million appeared first on Brownstoner.

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PEXA sets sights on simplifying residential sales

Estate Agent Today

Proptech firm PEXA is hoping to rollout its digital exchange platform to the sales market after hitting 100m worth of remortgage transactions.

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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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5 GENIUS Ways Real Estate Agents are Using ChatGPT

BAM Media

Weve all heard of ChatGPT by now, but MOST real estate agents are probably using about.0001% of its potential to revolutionize their business. So, consider this your public service announcement: the game has changed. If youre not leveraging tools like ChatGPT, youre leaving time, money, and opportunities on the table. AI, and specifically ChatGPT, is transforming how Realtors can streamline tasks, connect with clients, and grow their businesses.

Agents 52
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Apartment Demand Rebounds, Vacancies Finally Fall

AAOA

Key Takeaways Vacancy rates have leveled off for the first time in three years as apartment demand reaches its highest point since 2021. If demand continues to grow, landlords may gain more pricing leverage, potentially leading to rent hikes starting in 2025. Investors are returning to the apartment market, with transaction activity rising in cities like Denver, San Francisco, and Washington, D.C.

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How to Make More Passive Income with Fewer Rentals (& ACTUALLY Retire Early)

Bigger Pockets

Want to retire early? Then, STOP buying rental properties.

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6 Things To Consider If You Rent By The Room

AAOA

Hula Hoop. Pet Rock. Rubiks Cube. All fads that had their moment and, every once in a while, resurface with a new generation. There is another old/new idea that is becoming a more popular option in an expensive and competitive real estate market: renting by the room. A look back in history would show that renting by the room is not a new concept; in fact, it has probably existed for thousands of years in one form or another.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.