Housing Wire
JANUARY 9, 2025
Several fires burning more than 45 square miles in the Los Angeles area have forced more than 100,000 residents from their homes and killed five people, The Associated Press reported on Thursday. Nearly 2,000 homes, businesses and other structures have been destroyed, with many displaced residents scouting for rental properties and temporary shelter.
Real Estate News
JANUARY 9, 2025
Damage estimates are as high as $50 billion with thousands of properties destroyed, containment elusive and at least five people killed.
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Housing Wire
JANUARY 9, 2025
This week, the Seattle City Council had its first meeting of 2025 and housing was a key topic of discussion. But if the meeting itself was any indication, determining a path forward for the citys severe housing shortage will be a struggle as elected leaders attempt to ascertain a sustainable plan for the next decade, according to reporting by The Seattle Times.
Real Estate News
JANUARY 9, 2025
The upstart brokerage offers both rev share and fee-based plans, which CEO Robert Palmer believes will be key to their growth. So far, it seems to be working.
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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.
Housing Wire
JANUARY 9, 2025
In the years following the COVID-19 pandemic, home prices have steadily risen, although 2024 saw more stabilized levels of affordability across the nation. According to property data provider CoreLogic , 17 states posted new home-price records in November. CoreLogic released its November 2024 Home Price Index (HPI) and HPI forecast this week, which showed that U.S. single-family home prices increased by 3.4% year over year in November.
Keeping Current Matters
JANUARY 9, 2025
Knowing what to budget for when buying a home may feel intimidating — but it doesn’t have to be.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
JANUARY 9, 2025
With all deals now disclosed, the parties have requested preliminary approval, but the eXp and Weichert settlements are still under scrutiny in another court.
Housing Wire
JANUARY 9, 2025
The Hooper commission lawsuit plaintiffs and the brokerage defendants that have reached proposed settlement agreements are looking to make things official. On Wednesday, the Hooper plaintiffs along with remaining defendants Mark Spain Real Estate , eXp World Holdings , Weichert of North America and Atlanta Communities Real Estate Brokerage filed a motion for preliminary approval of their settlements and preliminary certification of the settlement class.
Real Estate News
JANUARY 9, 2025
Weekly averages moved closer to 7%, but upcoming labor market reports could change the trajectory.
Housing Wire
JANUARY 9, 2025
In a challenging and expensive housing market , some prospective homebuyers may compromise on certain standards and features to secure their purchase. But survey data released Thursday by Bright MLS found that some standards were top priorities for some buyers. The Maryland-headquartered MLS conducted a survey in mid-December that included 700 prospective homebuyers who were renting or living with others.
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.
Inman
JANUARY 9, 2025
As wildfires burned through LA County over the past three days, thousands of people were suddenly in need of temporary housing. The surge in demand is poised to create a spike in rental prices, agents said.
Housing Wire
JANUARY 9, 2025
In 2024, more people moved out of Illinois than into the Prairie State. According to the National Movers Study conducted by United Van Lines , 60% of moves in Illinois last year were outbound, which was the second-highest percentage of outbound moves among all states. The most popular reasons for relocating out of state were family (cited by 25.9% of respondents), jobs (20.7%) and retirement (20.3%).
Inman
JANUARY 9, 2025
Find out how this Houston, Texas, Realtor puts her two decades of expertise to work for clients and for the agents she influences.
Housing Wire
JANUARY 9, 2025
According to BatchService and ResiClub Analytics , there were approximately 1.2 million pocket listings or off-market real estate sales in the United States in 2024, with the vast majority happening in Texas and Florida. Pocket listings are more common in some areas of the country than others, yet its important to be familiar with them no matter where youre located.
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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.
Inman
JANUARY 9, 2025
Looking for a way to fight the lock-in effect in your market? According to real estate expert Ricky Carruth, new construction and builder incentives are the keys.
Housing Wire
JANUARY 9, 2025
In 2019, Chris A. Williams had a problem. He was working two jobs selling shoes at Foot Locker and cleaning cars at Enterprise but he wanted more out of life. He was 20 years old. He tried college, but like many young Americans today, he decided the math didnt work too much debt and too few opportunities. He considered the military but was tacitly rejected due to a heart murmur.
Inman
JANUARY 9, 2025
Mortgage rates continue to be a thorn in homebuyers' side into the new year, as evidenced by a downturn in contract signings despite greater home tour activity. Redfin's latest market report revealed its Homebuyer Demand Index, a seasonally adjusted measure of tours and other buying services from Redfin agents, grew 2 percent annually during the week ending on Jan. 5.
Housing Wire
JANUARY 9, 2025
The raucous drama surrounding Las Vegas Realtors (LVR) has claimed two board members. Last week, outgoing President Merri Perry and Joshua Campa, the president-elect who was scheduled to take her position, resigned from the LVR board of directors and its committees, the trade group announced last week on its website. The Las Vegas Review-Journal was first to report the developments.
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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.
BAM Media
JANUARY 9, 2025
Youre an agent, so youve probably noticed: expired listings are way up. Like, skyrocketing. (At least, thats what Im seeing in my market!) This spike in expired listings is an incredible opportunity for agents who know how to connect with frustrated homeowners. And that starts with a simple letter. The Expired Listings Letter Every time I open Facebook, I see another success story in the Listing Leads Facebook group.
Housing Wire
JANUARY 9, 2025
The Mortgage Firm , a Florida-based mortgage lender, has agreed to invest $1.5 million to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Wednesday. The DOJ accused the company of discrimination against predominantly Black and Hispanic neighborhoods in the Miami-Fort Lauderdale-West Palm Beach metropolitan area.
RIS Media
JANUARY 9, 2025
Home prices have seen a moderate month-over-month rise, accompanying a more pronounced year-over-year rise, according to the latest Home Price Insights (HPI) report from CoreLogic. The report states that home prices rose nationally from November 2023 to November 2024 at a rate of 3.4%. Month-over-month, home prices saw a 0.6% rise from October to November,… The post CoreLogic Indicates Continued Growth in Home Prices, Particularly in the Midwest appeared first on RISMedia.
Housing Wire
JANUARY 9, 2025
In the newest episode of the Top of Mind podcast , host Mike Simonsen , the founder and president of Altos Research , sits down for a conversation with Guy Berger, director of economic research at the The Burning Glass Institute. They explore the intersectionality of trends in the labor and housing markets. This conversation has been edited for length and clarity.
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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.
Inman
JANUARY 9, 2025
Tune in to Inman Access, and learn how high-tech solutions are changing the way you handle listings and get them to the closing table.
Housing Wire
JANUARY 9, 2025
Mortgage verification services firm Xactus announced this week that it appointed Mike Brown, its former chief integration officer, as its new chief product officer. This hiring underscores the company’s commitment to technology and product innovation. Brown will oversee Xactus’ product life cycle from ideation and development to launch and implementation.
Inman
JANUARY 9, 2025
Coach Melanie Klein shares how Eric Johnson and Melissa Raynor have built a team that is more than just successful — it’s exceptional.
Housing Wire
JANUARY 9, 2025
The Consumer Financial Protection Bureau (CFPB) in December released its 2023 Mortgage Market Activity and Trends report, which included a brief look at activity from the reverse mortgage industry based on Home Mortgage Disclosure Act (HMDA) data from 2023. While the majority of the data largely excluded reverse mortgages from trends in the broader mortgage market, the report did include a section dedicated to the origination of Home Equity Conversion Mortgages ( HECMs ).
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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.
Estate Agent Today
JANUARY 9, 2025
Asking prices are already being reduced as agents and sellers appear keen to attract buyers who want to beat the Stamp Duty deadline.
Housing Wire
JANUARY 9, 2025
Many retirees have said they rely largely and sometimes entirely on Social Security benefits as their primary income stream in retirement. But in instances where these payments may not be enough to make ends meet, other options should be considered and in the right situation, a reverse mortgage could be one such option. That’s according to a column published this week by USA Today , which assessed reverse mortgages in tandem with options such as personal savings, a part-time job and oth
Estate Agent Today
JANUARY 9, 2025
Welcome to this weeks Agents Do Charity, our chance to salute those who do so much to help others.
Housing Wire
JANUARY 9, 2025
In this weeks episode of the Power House podcast, HousingWire President Diego Sanchez is joined by Varun Krishna , CEO of Rocket Companies and Rocket Mortgage , to explore his background, Rockets tech-focused approach to servicing and retention, and its upcoming brand transformation in 2025. This conversation has been edited for length and clarity. To kick off the episode, Krishna explores his background and how it aligns with Rockets growth strategy.
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