Housing Wire
DECEMBER 16, 2024
As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. A few states have more homes on the market now than any time in the last eight to 10 years.
Keeping Current Matters
DECEMBER 16, 2024
In today’s digital age, it’s tempting to rely on automated tools for everything — including figuring out how much your house is worth.
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Housing Wire
DECEMBER 16, 2024
Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. “There’s a strong sense of dj vu on tap for 2025. We are once again expecting mortgage rates to get better gradually, and opportunities for buyers should follow, but be prepared for plenty of bumps on that path,” Zillow chief
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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
DECEMBER 16, 2024
Homeowners have generally done well over the last few years in accumulating home equity wealth. Since the onset of the pandemic, average equity per borrower increased by about $117,000 nationally, totaling almost $312,000 per mortgaged borrower. Aggregated across borrowers with a mortgage, home equity adds up to almost $17.5 trillion. Adding homeowners without a mortgage, who own their home free and clear, total households equity amounts to over $35 trillion.
Inman
DECEMBER 16, 2024
Realtor.coms annual Housing Forecast offers data-driven predictions and trends for 2025, providing real estate professionals with key insights into the evolving market at both macro and micro levels.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Inman
DECEMBER 16, 2024
This year, Realtor devotion to fiduciary duty has been openly questioned, team leader Carl Medford writes. Is this the time to adopt a policy that appears to undermine consumer interests?
Housing Wire
DECEMBER 16, 2024
As the reverse mortgage industry prepares to say goodbye to the tumultuous year that is 2024, positive news for the Federal Housing Administration (FHA)s Home Equity Conversion Mortgage ( HECM ) program which backs most of the countrys reverse mortgages helps give a sense of overall health for the program despite some of the business challenges endured this year.
Inman
DECEMBER 16, 2024
The Municipal Housing Authority for the City of Yonkers is collaborating with AreaHub to better understand how severe weather impacts its mission to protect and safeguard affordable housing.
Housing Wire
DECEMBER 16, 2024
Older homeowners have an overwhelming preference to age in place , but these circumstances can also come with unique challenges. Feelings of isolation and loneliness rank highly among these issues, but a recent study suggests that aging in place with a pet can make a big difference. The study, highlighted in Psychology Today , also noted that having pets in later life can come with its own set of unique challenges , according to Ann Toohey, one of the authors of the study who is based at the Uni
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
DECEMBER 16, 2024
In total, real estate technology entrepreneurs landed $15.1 billion in funds for their ideas on how to improve the industry, according to CRETIs 2024 Proptech Venture Capital Analysis.
Housing Wire
DECEMBER 16, 2024
In an evolving mortgage market, mergers and acquisitions could give mortgage company owners opportunities to achieve growth and avoid challenges. In a three-part podcast series, Dan Hanson , the executive director of enterprise partnerships and acquisitions at loanDepot , answers three key questions for owners: When is a good time to sell my company?
Real Estate News
DECEMBER 16, 2024
Housing Wire
DECEMBER 16, 2024
The COVID-19 pandemic turned a number of nontraditional cities into housing market hotspots. While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Thats according to a new report from the National Association of Realtors (NAR) which predicts metropolitan areas that will pop in the new year. Among the 10 NAR highlights there are common themes existing affordability, lower lock-in effect on mortgages, strong job growth and high migration.
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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.
Housing Wire
DECEMBER 16, 2024
Despite rising home prices and mortgage rates , second-home investors overtook a select group of vacation real estate markets. This week, online marketplace Pacaso highlighted counties in New Jersey , Florida and Massachusetts as leading markets for sales of luxury vacation homes. Pacaso’s report revealed the top 20 counties for luxury home sales across the U.S.
Inman
DECEMBER 16, 2024
Kramer had been with the boutique Beverly Hills firm since 2005 and was promoted to president in 2023. The top producer brings the six-person David Kramer Group with him to Compass.
Housing Wire
DECEMBER 16, 2024
Title insurance underwriter Title Resources Group (TRG) conducted a round of layoffs on Friday focused on professionals from the agency division of Doma Holdings , the real estate technology company it acquired in March, sources told HousingWire. The exact number of affected employees remains unclear, though some sources estimate at least 20. The layoffs appear to be part of a broader workforce reduction focused on staff working with independent agents, including sales, audit and support roles,
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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.
Inman
DECEMBER 16, 2024
Coach Darryl Davis calls for NAR to change its policies on volunteer compensation in light of the organization's need to restore integrity and rebuild trust with its members.
Housing Wire
DECEMBER 16, 2024
The new year will hold special significance for the many users of ICE Mortgage Technologys iconic Encompass loan origination system (LOS): The company will begin sunsetting its long-standing software development kit (SDK) in 2025, prodding the majority of the mortgage industry to transition to the more efficient and accurate Encompass Partner Connect (EPC) ecosystem that leverages the up-to-date application programming interface (API).
Inman
DECEMBER 16, 2024
Will it involve the DOJ, the three-way agreement, the National Association of Realtors, alleged bad behavior or something else? You decide Inman's top story of the year.
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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.
BAM Media
DECEMBER 16, 2024
BAM Key Details: According to new research by Bright MLS, 26.8% of homeowners aged 30-39 and 28% aged 40-49 plan to sell in 2025, while only 12.1% of those 60-79 are considering selling. Nearly one-third of homeowners aged 30-49 planning to sell in 2025 have owned their homes for less than five years. According to a new nationwide survey conducted by Bright MLS , nearly one in five homeowners are gearing up to list their property in 2025.
Inman
DECEMBER 16, 2024
In 2023, nearly 37 percent of homes bought by individuals aged 65 and older were located in areas with high risk of extreme heat, compared to 32.3 percent of homes purchased by those under the age of 35.
BAM Media
DECEMBER 16, 2024
Staying consistent with content is a challengeespecially in real estate, where agents are constantly juggling client demands, market updates, and prospecting. But the reality is that consistently posting high-quality content is one of the best ways to engage your audience, build your brand, and attract new leads! If youve ever found yourself staring at a blank screen, wondering what to post next, here are eight strategies that I like to use to consistently generate a flow of new content ideas.
Inman
DECEMBER 16, 2024
"From an affordability perspective, we think 2025 will look a lot like 2024," Fannie Mae chief economist says, but with more inventory in Sun Belt states and parts of the Mountain West and Pacific Northwest.
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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.
Bigger Pockets
DECEMBER 16, 2024
RentCaf’s end-of-year round-up of top rental cities could help prospective landlords formulate an investment game plan for 2025.
Inman
DECEMBER 16, 2024
Supporters of the policy outnumber critics nearly 3-to-1, according to new data from the Inman Intel Index survey. Agents at larger brokerages were more receptive to the criticisms, Intel found.
RIS Media
DECEMBER 16, 2024
Rising inventory levels and changing buyer demographics are boosting optimism for the housing market in 2025 even as affordability headwinds carry into the new year, Rocket Companies CFO and Treasurer Brian Brown said during a fireside chat at the Goldman Sachs U.S. Financial Services Conference on December 10. “We’re seeing inventory tick up,” Brown told… The post Rocket Companies CFO Sees Bright Spots in 2025 Housing Market Despite Mortgage Rate Pressures appeared first
Brownstoner
DECEMBER 16, 2024
By Barbara Russo-Lennon, amNY Fear, frustration, and stress remained in high gear the day after thousands of NYC subway riders were left stuck in the subways of Downtown Brooklyn following a power failure during the evening rush hour. The chaos started when the power went out at 5:30 p.m. on Wednesday, December… Read More > The post MTA Looks for Answers After Subway Power Failure Strands Riders for Hours appeared first on Brownstoner.
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