November, 2024

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What’s Motivating Homeowners To Move Right Now

Keeping Current Matters

Over the past few years, some homeowners have decided to delay their move because they don’t want to sell and take on a higher mortgage rate on their next home.

Mortgages 312
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Mortgage rates jump to 7% as Powell demurs on quick rate cuts

Housing Wire

Jerome Powell , the chair of the Federal Reserve , said on Thursday that the U.S. economy is “not sending any signals that we need to be in a hurry to lower rates.” The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory.

Mortgages 531
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Housing costs force Americans earning less than $50K to sacrifice

Inman

Nearly three-quarters of U.S. residents earning less than $50,000 annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat.

Mortgages 179
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Housing Market Predictions for 2025 and 2026 by NAR Chief

Marco Santarelli

As we dive into Housing Market Predictions for 2025 and 2026 , experts are projecting a notable increase in home sales, with estimates showing a 9% increase for 2025 and an impressive 13% increase for 2026. This optimistic forecast is largely attributed to stabilizing mortgage rates, which are expected to hover around 6%. According to NAR Chief Economist Lawrence Yun , we might finally be turning a corner after a challenging period marked by high borrowing costs and low inventory.

Marketing 116
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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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DOJ’s Sunday filing raises issues with NAR deal

Real Estate News

The agency takes no position on the settlement’s approval but says it’s not an antitrust shield — and expresses concern over buyer agent agreements.

Agents 352

More Trending

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How to Find Cash Home Buyers in Stockton for a Hassle-Free Home Sale

HomeLight

If you’re a homeowner in Stockton looking to sell your property quickly and without the challenges of traditional listings, working with cash home buyers is a good alternative to the traditional market. In this guide, we’ll explain how to find cash home buyers in Stockton, explore who’s driving the local cash buyer market, and help you determine if selling your home for cash aligns with your needs.

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How are mortgage rates affecting housing demand?

Housing Wire

It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage rates started rising in September. I figured those increases would produce the same weakness in purchase apps that we saw earlier in the year. However, surprisingly, demand has held up better than I anticipated.

Mortgages 514
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US home prices rose in 90% of metro areas in Q3, NAR says

Inman

Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137 — a 5.5 percent decrease from Q2, though still up 2.4 percent year over year.

Mortgages 167
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How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

Investing in real estate may seem as simple as buying a property and collecting money, but it is far more complicated than that. Don’t stop reading, though. I said it was complicated, not impossible! This beginner’s guide will help you understand how to invest in real estate successfully, one step at a time. While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while.

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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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NAR’s ‘lavish’ spending includes six-figure pay for volunteers

Real Estate News

Leaders spent thousands on Hamilton tickets and other luxuries with corporate credit cards, as former execs stayed on the payroll, The New York Times reported.

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Renting vs. Buying: The Net Worth Gap You Need To See

Keeping Current Matters

Trying to decide between renting or buying a home?

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NYC City Council Passes Bill Forcing Landlords to Pay Own Broker Fees

RIS Media

Despite pushback from brokers, the city council of New York City approved a significant change to how real estate brokers and agents are paid for rentals in the city’s unique real estate market, shifting the cost to landlords, which aligns with how nearly every other metro conducts transactions. With overwhelming support from the council but… The post NYC City Council Passes Bill Forcing Landlords to Pay Own Broker Fees appeared first on RISMedia.

Agents 116
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Here’s why we won’t build millions of new homes

Housing Wire

We heard a lot about the need for millions of new homes during the run-up to the election, so I can imagine how shocked some people are to see today’s report on housing starts and permits at recession levels. Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher.

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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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NAR hit with new 3-way agreement suit as enrollment imbroglio builds

Inman

The antitrust lawsuit filed by broker John Diaz in U.S. District Court in Los Angeles claims the membership agreement creates "an anti-competitive monopoly over MLS services.

MLS 183
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5 Best Real Estate Video Editing Software

The Close

Creating high-quality, attention-grabbing real estate videos is necessary if you want your website and content to stand out. But with so many video editing software options, it’s hard to pinpoint the best one. Whether you want to assemble your listing’s video walkthrough or introduce your agent services, I’ll help you pick the right software. I evaluated dozens of real estate video editing software providers to select the five best picks based on pricing, features, user experience, and verified

Closing 98
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Search by beds, baths — and who your neighbors voted for

Real Estate News

Home listings on the Flyhomes search portal now show the breakdown of recent presidential and congressional voting trends in any given community.

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The Majority of Veterans Are Unaware of a Key VA Loan Benefit

Keeping Current Matters

For over 79 years, Veterans Affairs (VA) home loans have helped countless Veterans achieve the dream of homeownership.

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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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Top Reasons To Buy Atlanta Investment Properties in 2025

Marco Santarelli

Are you looking for a thriving city with a robust economy and a promising real estate market? If you're considering Atlanta investment properties in 2025 , you're making a smart choice. The region's strong economic foundation, diverse rental market, and numerous emerging neighborhoods are set to provide significant returns for savvy investors looking to build wealth and achieve long-term financial goals.

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Climate risk is rising. It calls for a rethinking of home insurance coverage

Housing Wire

Climate change is increasing the intensity and severity of natural disasters. It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks. In just the past two months, two major hurricanes battered Florida, inflicting physical and financial damage that is projected to exceed $100 billion.

Design 482
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Renter households surge as homeownership costs climb

Inman

Renter households increased by 2.7 percent year-over-year in the third quarter to a record 45.6 million, a rate three times higher than the 0.9 percent uptick in homeowner households, according to a new Redfin analysis.

Marketing 166
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Preliminary 2025 Housing Forecasts

Calculated Risk Real Estate

Towards the end of each year, I collect some housing forecasts for the following year - and also provide my own outlook. Several more forecast will be available in early December. It is early, but for comparison, new home sales in 2024 will probably be around 705 thousand, up from 666 thousand in 2023. Total housing starts will be around 1.35 million in 2024, down from 1.42 million in 2023.

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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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Why buyers are gravitating toward smaller homes

Real Estate News

As household composition shifts, builders look to the starter homes of yesteryear to deliver more practical, affordable single-family homes for today’s buyers.

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More Homes, Slower Price Growth – What It Means for You as a Buyer

Keeping Current Matters

There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy.

Marketing 315
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5 High Risk Housing Markets Buyers Should Avoid in 2025

Marco Santarelli

Are you thinking about buying a home in 2025, or maybe you're looking to invest in real estate? If so, you're probably aware that the housing market has been going through a period of change. Some experts believe a housing market crash is looming in certain areas of the country. This article aims to help you navigate these uncertain times by providing you with information about the 5 riskiest markets that could potentially face a major drop in home prices in 2025.

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What to expect from the 2025 housing market

Housing Wire

What will the housing market look like in 2025? We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Last week, there were 9% more newly pending home sales than the same week a year ago and home sales are ticking down for the season.

Marketing 448
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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.