Why the market is primed for a mini-rally this fall
Real Estate News
SEPTEMBER 5, 2024
More choices and lower mortgage rates may bring out late-season buyers, and they could have an advantage over those who wait until spring.
Sat.Aug 31, 2024 - Fri.Sep 06, 2024
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Housing inventory falls as mortgage rates drop
Housing Wire
SEPTEMBER 1, 2024
Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. I have consistently written that with mortgage rates above 7%, inventory should grow between 11,000-17,000 and this year it has happened six times perfectly in the channel.
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Early Forecasts for the 2025 Housing Market Infographic
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Thinking about making a move in 2025 and wondering what you can expect? Here’s what expert forecasts say lies ahead.
Navigating economic turbulence to elevate your real estate career
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Amid the current economic turmoil, including fears of a potential recession and recent significant stock market declines, real estate professionals must remain vigilant and adaptable, Victoria Kennedy writes.
The 2025 Real Estate Roadmap to Success
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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.
NAR to consumers: Agents must put client interests first
Real Estate News
SEPTEMBER 4, 2024
With new industry rules now in effect, the association has released additional resources for buyers and sellers that focus on ethics and steering.
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How the Federal Reserve’s Next Move Could Impact the Housing Market
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Compass recruits Douglas Elliman agent, industry vet to Palm Beach
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More Realtors expect an uptick in buyers this fall
Real Estate News
SEPTEMBER 3, 2024
NAR’s latest confidence survey also suggests that buyers gained some leverage this summer, but overall sales were down.
Lower mortgage rates are bringing more borrowers out of the woodwork
Housing Wire
SEPTEMBER 3, 2024
With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. At HousingWire ‘s Mortgage Rates Center on Tuesday, the 30-year rate for conforming loans averaged 6.60%, down from 6.64% one week ago.
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
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Should You Sell Now? The Lifestyle Factors That Could Tip the Scale
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Buyers failed to bite this summer despite falling mortgage rates. It has agents about as down on their business prospects as they've been all year heading into the NAR settlement era, according to Intel's Client Pipeline Tracker.
How low will the Fed go?
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Mortgage rates falling to 5% would get a swath of buyers back in the market
Housing Wire
SEPTEMBER 5, 2024
Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market. An additional 27% said they’re targeting a 4% rate, while 20% say it’s 6%.
Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth
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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.
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Properly position homebuyers with this winning 5-part offer strategy
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MLSs want to stop rule violations before they happen
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SEPTEMBER 3, 2024
With new industry practice changes now in effect, agents can face real consequences for breaking the rules. MLSs — and brokerages — are trying to help.
UWM debuts new 75-bps incentive on refis
Housing Wire
SEPTEMBER 4, 2024
United Wholesale Mortgage (UWM) is rolling out a new 75 basis-point incentive program for conforming conventional and government-backed rate-and-term refinances. The program, dubbed “Refi75,” effectively replaces and expands on “Govy 125,” a 125-bps incentive that ended Tuesday for Interest Rate Reduction Refinance Loans (IRRRLs) through the U.S.
Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys
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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.
The Latest on the Luxury Home Market
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Mortgage rates haven’t budged after the jobs report
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Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market. Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire. Kevin Leibowitz, president of Grayton Mortgage , said he was quoting 6.125% for a 30-year conventional mortgage of $400,000 on Friday with no discount points.
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Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
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