Sat.Dec 23, 2023

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The 2023 housing market bent, but didn’t break

Housing Wire

As we approach Christmas day, we can only hope that the Federal Reserve now realizes their fear of 1970s-style inflation created a rate-hike cycle that disproportionately impacted the U.S. housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke.

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The Ten: NAR determined to ‘rebuild trust’ in 2024 after a year of upheaval

Real Estate News

The massive trade organization showed cracks in the foundation as it confronted harassment allegations from the inside and legal threats from the outside.

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The biggest story of the year (according to you): The Download

Inman

The biggest story of the year was our liveblog coverage of the Sitzer | Burnett commission trial. Get caught up with a special end-of-year edition of The Download.

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Brokerage Beat: News from Century 21, eXp, Real, Christie’s

Real Estate News

Century 21 adds suburban Atlanta and Orlando brokerages; eXp teams merger “a game-changer” for Arizona; Carolina Sky joins Real; Turks & Caicos firm rebrands.

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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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What Is a Good ROI on Rental Property?

Bigger Pockets

A good ROI on rental property typically ranges from 6% to 10%, although this can vary with location, property type, and market conditions. In some areas, ROIs over 12% are possible, while in expensive urban locations, a 4% to 6% ROI may still be favorable.

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Harrisburg Housing Market Forecast 2024: Will it Crash?

Marco Santarelli

How is the Harrisburg housing market doing currently? The Harrisburg housing market is one of the hottest in the country, with a median sale price of $189,000 in November 2023, up 27.3% from last year. According to Redfin , homes are selling quickly, with an average of just 8 days on the market. This is due to a number of factors, including a strong local economy, low unemployment, and a growing population.

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Heating It Up: 4 Homes with Cozy Fireplaces

Sotheby's International Real Estate

Whether centuries old and Southwestern in style or part of a sleek contemporary Southern California milieu, these fireplaces contribute both warmth and aesthetic panache to their surroundings. Southern California Sophistication Adrian Avila, Neyshia Go | Sotheby’s International Realty – Beverly Hills Brokerage Designed for the quintessential California lifestyle, this chic four-bedroom residence features sophisticated spaces with soaring ceilings, reclaimed beams, wide-plank wood floors,

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Edmond OK Housing Market Forecast 2024: Will it Crash?

Marco Santarelli

The Edmond housing market is a thriving market located just north of Oklahoma City. How is the housing market doing currently? The median sale price of a home in Edmond was $371,000 last month, up 22.5% since last year. According to Redfin, on average, homes in Edmond sell after 31 days on the market compared to 19 days last year. There were 131 homes sold in November this year, down from 136 last year.

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Smart Investing: The Advantages of Purchasing Before Selling

Realty Biz

Navigating the real estate market requires strategic thinking and, often, the courage to deviate from conventional wisdom. Among the myriad strategies available to homebuyers, one that stands out for its unique approach is purchasing a new home before selling the existing one. This method, though unconventional, can be a game-changer under the right circumstances.

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Kissimmee Housing Market Forecast 2024: Will it Crash?

Marco Santarelli

How is the Kissimmee housing market doing currently? Let us talk about the Kissimmee housing market , exploring its trends, and forecast for 2024. Median Sale Price on the Rise One of the most notable aspects of the Kissimmee housing market is the steady increase in the median sale price despite rising mortgage rates in 2023. According to Redfin, the median sale price for a home in Kissimmee was $336,000 , a 1.7% increase from the previous year.

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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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Top 5 Stories on Brownstoner This Week: Former Gowanus Brewery to Become Migrant Shelter

Brownstoner

An East Flatbush Row House With a Garage and Three More to See, Starting at $630K Our picks for open houses to check out this weekend are found in Clinton Hill, Bed Stuy, Midwood, and East Flatbush. They range in price from $630,000 to $1.799 million. -- Former Gowanus Brewery, Clinton Hill Warehouse… Read More > The post Top 5 Stories on Brownstoner This Week: Former Gowanus Brewery to Become Migrant Shelter appeared first on Brownstoner.

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Fannie Mae’s Housing Market Forecast for 2024 and 2025

Marco Santarelli

Fannie Mae, a key player in the mortgage industry, has recently released its comprehensive housing market forecasts, offering insights into the trajectory of home sales and price growth through the years 2024 and 2025. Let's delve into the details of Fannie Mae's projections and the factors influencing the housing market. Overview of Fannie Mae's Forecasts Fannie Mae anticipates that lower borrowing costs will provide a boost to housing market activity.

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The Best Holiday Gifts for Real Estate Clients and Colleagues

Agent Fire

This curated list of thoughtful and memorable gift ideas will help you strengthen relationships with your real estate colleagues and clients.

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Most and Least Expensive

BubbleInfo

Here are the 50 Largest U.S. Cities Household Spend, which breaks down comparative household bill costs across the fifty largest cities in the country. If you wanted to save money, where would you move?

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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.