Sat.Apr 05, 2025

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Lower mortgage rates are spurring housing demand

Housing Wire

Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. The more encouraging story, however, is that the spring season is shaping up positively for the housing market. Notably, purchase applications show growth both year-to-date and year-over-year. Additionally, our weekly pending contract data and new listings are trending positively compared to last year.

Mortgages 451
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Tariffs Push Mortgage Rates Down But Housing Costs Remain Record High

Marco Santarelli

Mortgage rates have indeed taken a dip , partly due to the ongoing trade tensions and tariffs, which is usually welcome news for anyone looking to buy a home or refinance. However, the reality is that even with these lower borrowing costs, the overall cost of buying a house remains stubbornly high, hovering near record levels. It's a confusing situation, and if you're trying to navigate the world of real estate, you're probably wondering what this all means for you.

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The ‘magic number’ of listing views for a fast sale

Real Estate News

New Zillow research explains which metrics can predict a listings length of time on the market and what sellers can do to speed up the process.

Sales 151
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Today’s Mortgage Rates April 5, 2025: Rates Plunge Amid Tariffs Led Recession Fears

Marco Santarelli

Mortgage rates today stand around 6.40% for a 30-year fixed mortgage, indicating a slight decline compared to previous months. This drop in mortgage rates comes as market analysts increase their predictions of a potential recession driven by tariffs imposed earlier this week. Borrowers should be cautious, as while rates are falling, financial stability is crucial for making significant financial decisions, especially in unpredictable economic conditions.

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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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Brokerage Beat: News from Michael Saunders, Christie's, BHGRE, KW, more

Real Estate News

A promotion at Florida powerhouse MSC; Christie's nabs $1B Park City team; a BHGRE merger in Appalachia; 14-agent team joins KW in New Jersey; and more news.

Brokerage 151

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Is Your State Affordable? Here’s How Many Days of Work It Takes to Cover a Mortgage

BAM Media

BAM Key Details: Realtor.com’s latest report reveals the number of workdays needed to afford a monthly mortgage payment in each state, with Hawaii topping the list at 17 days. States like Ohio and Illinois require only 6-7 days, highlighting significant regional differences in home affordability across the U.S. Do your buyers know how many workdays theyll need to put in just to pay the mortgage?

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NAR, MLS and how to market your next listing: The Download

Inman

Amid layoffs at NAR, the new Delayed Marketing Exempt Listings policy drew scrutiny as MLSs scramble to implement its rollout.

MLS 138
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Mortgage Rates Likely to Go Down in the Short Term Due to Tariffs

Marco Santarelli

Right now, if you're keeping an eye on the housing market, you're probably wondering: Will mortgage rates go down? The short answer, based on recent happenings, is yes, mortgage rates are likely to fall, at least in the short term. However, like that unpredictable weather, the long-term outlook has a lot of clouds of uncertainty. Let's dive into what's causing this current dip and what it might mean for folks looking to buy or refinance a home.

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The real estate market is changing: Adapt or get left behind

Inman

The way agents succeed is undergoing a profound transformation, broker Nick Schlekeway writes. Are you adapting and adopting new tools fast enough to keep up?

Marketing 114
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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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S&P 500 Plunges 6% in Biggest Fall Since 2020 Amid Trade War Fears

Marco Santarelli

Have you ever felt that sudden lurch in your stomach when something unexpected happens? That's kind of how the stock market felt on April 4, 2025, when the S&P 500 suffered its worst 6% collapse since March 2020. This wasn't just a minor dip; it was a significant jolt that sent ripples of concern through the financial world. To put it simply, the S&P 500, a key measure of U.S. stock market health, took a big hit, the largest single-day drop in over five years, primarily due to escalating