Sat.Dec 07, 2024 - Fri.Dec 13, 2024

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What Will It Take for Prices To Come Down?

Keeping Current Matters

You may be wondering if home prices are going to crash.

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Housing demand still showing double-digit growth

Housing Wire

Last week, we witnessed a Santa Claus rally in mortgage rates alongside improved housing demand. The economy continues to create jobs, with wages growing at an annual rate of 4%. We also see growth in our pending contract data compared to 2022 and 2023. Additionally, the purchase application data delivered another pleasant surprise with positive results.

Mortgages 505
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25 Subject Lines to Boost Your Real Estate Email Open Rates

BAM Media

Your subject line is the gateway to your email’s success it determines whether your audience clicks to open or keeps scrolling. A well-crafted subject line has the power to: Create urgency that inspires immediate action. Offer clear value that captures attention. Spark curiosity to make readers want more. Personalize the experience to connect with your audience.

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James Dwiggins: Clear Cooperation opponents are prioritizing profits

Inman

Ahead of a debate on the CCP at Inman Connect New York, the CEO of NextHome says whether sellers agree to hold their listing off of the MLS depends on the agent's influence.

MLS 175
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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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Why More Sellers Are Hiring Real Estate Agents

Keeping Current Matters

Putting your house for sale on your own – often called “For Sale by Owner” or FSBO – might be on your mind.

Agents 245
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Home equity gains slowed in Q3. Are prices stabilizing?

Housing Wire

U.S. mortgage holders experienced a home equity increase in the third quarter of 2024 up 2.5% year over year to a total of $17.5 trillion nationwide. But that was down from 8% growth in the second quarter, and negative equity also ramped up for the first time in two years, according to a CoreLogic report. CoreLogic’s Q3 2024 Homeowner Equity Insights report showed that the total number of mortgaged homes with negative equity rose by 3.5% from the second quarter.

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More Trending

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Realty One Group allows Phoenix-area agents to leave NAR

Inman

Beginning in 2025, local agents will have the option to join a new Realty One subsidiary and become members of MLS Choice, a new low-cost membership type provided by Phoenix Realtors, without having to be Realtor association members.

Agents 171
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The Top 2 Reasons To Look at Newly Built Homes

Keeping Current Matters

When planning a move, a newly built home might not be the first thing that comes to mind.

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William Raveis acquires Nantucket-based Jordan Real Estate

Housing Wire

Leading real estate brokerage William Raveis is making another game-changing acquisition before the new year. This week, the firm announced the acquisition of Nantucket, Massachussetts -based brokerage Jordan Real Estate (JRE). The financial terms of the deal were not disclosed. William Raveis a top-ranked brokerage serving the Northeast, Florida and South Carolina has made several expansion moves in 2024.

Brokerage 369
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Broker Seeks Protective Order Against NAR for Alleged Lawsuit ‘Retaliation’

RIS Media

Amid the growing landscape of litigation in the industry, a real estate broker is claiming his livelihood has been put at risk, alleging that he is being retaliated against for suing the National Association of REALTORS (NAR). In his latest legal volley against the trade group, broker Maurice Muhammad (who is representing himself in the… The post Broker Seeks Protective Order Against NAR for Alleged Lawsuit Retaliation appeared first on RISMedia.

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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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DOJ tells Supreme Court it has a right to investigate NAR policies

Inman

In its response to an NAR appeal, the DOJ acknowledged that, although it had closed an investigation into two NAR policies in 2020, it didn't agree not to reopen it.

Closing 169
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Why Moving to a More Affordable Area Makes Sense

Keeping Current Matters

Moving to a more affordable area could be the fresh start you need to get ahead financially.

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Will 2025 finally be a “normal” housing market?

Housing Wire

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Two and a half years. As we look into 2025, the question everyone is asking is: Do we have a new era starting? Does the housing market start to get back to normal? What can the data today tell us about signals for growth or weakness after the new year?

Marketing 418
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The Bad Advice Agents Need To Leave In 2024

BAM Media

Remember this time last year when mortgage rate predictions were calling for rates in the 5% range? Well, it turns out that 2024 was a year of hard lessons for agents who bet too much on falling ratesand for buyers who waited too long to act. After all, these numbers sure dont look like the year of the 5s. January: 6.64% February: 6.74% March: 6.82% April: 6.99% May: 7.06% June: 6.92% July: 6.86% August: 6.50% September: 6.18% October: 6.43% November: 6.81% December*: 6.69% The buzz around dropp

Agents 98
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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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Americans optimistic home prices and mortgage rates have peaked

Inman

While only 23 percent of Americans surveyed by mortgage giant Fannie Mae in November thought it was a good time to buy a home, that's up from 14 percent a year ago, when mortgage rates were near post-pandemic peaks.

Mortgages 168
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What Homebuyers Need To Know About Credit Scores

Keeping Current Matters

Data shows 7 out of 10 prospective homebuyers don’t know the minimum credit score required by lenders or that it varies by lender and loan type.

Loans 173
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How to track housing data to know what’s coming next

Housing Wire

Tracking live weekly housing data would have been nearly impossible just a few years ago, but now we can gather and analyze real-time housing demand data. This valuable information can significantly enhance our understanding of housing economics and what is coming next. The question is: How can we harness the data to give you more confidence when talking about the housing market?

Mortgages 450
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4 Reasons to Sell a Home During the Holidays

RIS Media

When we recently presented a story explaining why it was wise to not to sell a home during the holidays, some readers disagreed, saying that, in fact, it was actually a good time to sell. There are legitimate reasons for selling or not selling, so here we will provide the space for opposing views to… The post 4 Reasons to Sell a Home During the Holidays appeared first on RISMedia.

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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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Another NAR bombshell reflects financial waste, hypocrisy

Inman

According to Cara Ameer, the National Association of Realtors owes its members an apology along with the option to opt out of membership.

MLS 153
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How Much Can You Make Flipping Houses? The Answer May Surprise You

HomeLight

Flipping can be a great way to earn quick cash, advises Dustin Parker, a top-selling real estate agent in Millsboro, Delaware, whos also a house flipper himself. However, you run the risk of purchasing a property at a high price point right before the market takes a downturn. If home values fall while youre doing the renovations , then youre stuck with a lot of money invested in a house that you cant sell at a profit.

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Winning the mental game: Keys to real estate success in 2025

Housing Wire

The work you do now is what will set you up for success in the first quarter of 2025. The majority of sales success is mental, preparing yourself mentally is just as crucial as setting your priorities and goals for the year ahead. Whether you liked or disliked what 2024 brought, soon youll be facing a clean slate. Even if the year was challenging and you felt like quittingguess what?

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Financial Firms Looking to Break Down Barriers to First-Time Homeownership

RIS Media

Home affordability continues to stand between prospective homeowners and their dreams as home prices and mortgage rates stay higher for longer. To help buyers overcome these hurdles, some financial firms offer outside-the-box solutions for cash-strapped Americans to qualify for a home loan. Student loan debt is a common obstacle for first-time and some repeat homebuyers.… The post Financial Firms Looking to Break Down Barriers to First-Time Homeownership appeared first on RISMedia.

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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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Mobile home prices surge but remain an affordable alternative

Inman

The price of mobile homes has surged by approximately 58 percent between 2018 and 2023, outpacing the 37.66 percent growth in traditional single-family home prices.

Lending 157
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6 Scary Scenarios that Make Homeowners Insurance Worth the Cost

HomeLight

There are a lot of costs associated with owning a home besides your mortgage premium. You have utilities, maintenance and repair costs, property taxes, homeowners insurance, and possibly an HOA (homeowners association) fee and/or private mortgage insurance. Its not uncommon to look for ways to reduce your costs. You might ask yourself, Do I really need homeowners insurance?

Loans 98
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Is now a good time to buy a house?

Housing Wire

Rapid changes in mortgage rates have left many would-be homebuyers asking: Is now a good time to buy? Will prices go up or down? Will mortgage rates and affordability improve or get worse? There is no perfect time to buy, of course. But there are specific factors homebuyers should weigh as they determine their timing. Patricia Maguire-Feltch, managing director of consumer origination sales at Chase Home Lending, says that realistic evaluation is key when making the big step to buy.

Mortgages 448
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The Business Case for Disrupting Yourself

RIS Media

As an entrepreneur and CEO, I believe evolving isn’t optional; it’s essential. The most successful companies and leaders are ones who constantly strive for improvement and growth. Throughout my career, I haven’t shied away from challenging markets or complex circumstances. Instead, I lean in. This mindset brought me to MoxiWorks in June as its new… The post The Business Case for Disrupting Yourself appeared first on RISMedia.

Marketing 111
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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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How to identify the top new amenities in multifamily housing

Inman

Multifamily operators must know that trends are fickle and vogue fades, multifamily expert Michael Zaransky writes. Build a community around your amenities, not vice versa.

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Fannie Mae Expands Coverage, Raising Loan Limits By 5.2%

Bigger Pockets

If you want to buy a million-dollar home and have enough for a down payment, you can now ask Uncle Sam for the rest.

Loans 111
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Cincinnati’s housing market in a word? Unpredictable

Housing Wire

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. Despite two interest rate cuts by the Federal Reserve, mortgage rates rose again and remain stubbornly high. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale.

Marketing 370
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Transparency and Consumer Education: Industry Execs Navigate Changes After August 17

RIS Media

In the wake of the National Association of REALTORS (NAR) settlement and practice changes that went into effect on August 17including the removal of compensation offers from Multiple Listing Services (MLSs) and requiring MLS participants to enter into written agreements with buyersreal estate leaders are still learning the full effect these practice changes will have… The post Transparency and Consumer Education: Industry Execs Navigate Changes After August 17 appeared first on RISMedia.

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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.