Sat.Jan 11, 2025 - Fri.Jan 17, 2025

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Housing Market Decoded: Why Fed cuts haven’t kept mortgage rates down

Real Estate News

When the Fed lowers interest rates, a drop in mortgage rates often follows but recently, the opposite has happened. Heres why.

Mortgages 329
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What not to post: 9 common social media pitfalls to avoid

Inman

Social media is a powerful tool for real estate agents, but knowing what not to post is just as important as knowing what to share. Expert Jessi Healey outlines the top mistakes to avoid, from posting too much to ignoring comments, so you can maintain a polished, professional and trustworthy online presence.

Agents 148
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The Truth About Credit Scores and Buying a Home

Keeping Current Matters

Your credit score plays a big role in the homebuying process.

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Mortgage rates fall after remarks by Fed President Waller

Housing Wire

The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. His statement on this, in a CNBC interview : If inflation continues on this path through the beginning of 2025, it’s reasonable to think that possibly rate cuts could happen in the first half of the year.” This w

Mortgages 511
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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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Rebuilding Lives After the L.A. Wildfires: A Resource Guide for Recovery

BAM Media

Its one thing to see L.A. wildfires on the news and in social media. Its another to see the destruction and heartbreak in your own neighborhood. The Broke Agent , who lives in the area, has seen plenty of SoCal agents going above and beyond to help their fellow residents in any way they can. People love to take shots at real estate agents. Feels like they are often the public punching bag.

Banks 116

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Remodeling Market Sentiment Improves in Fourth Quarter of 2024

Eye on Housing

The NAHB/Westlake Royal Remodeling Market Index (RMI) posted a reading of 68 for the fourth quarter of 2024, up five points compared to the previous quarter. Remodelers are more optimistic about the market than they were earlier in the year, corroborated by NAHBs recent analysis of home improvement loan applications. Demand in many parts of.

Marketing 138
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Rising mortgage rates zap builder confidence

Housing Wire

Todays housing starts data exceeded estimates; however, a closer examination of the report with the builder confidence reveals that the recent rise in mortgage rates , approaching 7.25%, has negatively affected builder sentiment. Since late 2022, our analysis indicates that mortgage rates in the 6%-6.5% range are positive to grow sales, whereas rates at 7% and above especially 7.50% or higher significantly impact the builder data.

Mortgages 488
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One Homebuying Step You Don’t Want To Skip: Pre-Approval

Keeping Current Matters

There’s one essential step in the homebuying process you may not know a whole lot about and that’s pre-approval.

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Mortgage rates ease on benign December inflation report

Inman

Investors bid up shares of mortgage lenders and real estate companies after "relatively benign" CPI report ends speculation that inflation worries might force the Fed to raise rates this year.

Mortgages 173
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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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Pol, Locals Call for More Affordability in Planned Arrow Linen Development

Brownstoner

The controversial Arrow Linen rezoning, which would see the development of two 13-story apartment buildings on a currently low-rise Park Slope site, was the subject of yet another heated public hearing last week, this time at the City Council. Sixty-eight people testified in front of the Subcommittee on Zoning and Franchises… Read More > The post Pol, Locals Call for More Affordability in Planned Arrow Linen Development appeared first on Brownstoner.

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Realtor.com: HOA fees are on the rise among all home types

Housing Wire

Mortgage and property tax payments are not the only expenses that prospective homeowners need to consider. Homeowners associations (HOAs) are commonplace, and more of them are requiring owners to pay up, according to a survey by Realtor.com. Realtor.com’s report found that 40.5% of listings in 2024 had some sort of HOA fee and these expenses became even more costly.

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2025 Housing Market Forecasts

Keeping Current Matters

Wondering what to expect when you buy or sell a home this year? Here’s what the experts say lies ahead.

Marketing 313
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RE/MAX taps Christie’s Real Estate vet Chris Lim as chief growth officer

Inman

Lim, who vacated the presidency of Christie's International Real Estate in 2023, will be tasked with growing RE/MAX at a time when the brokerage has struggled with falling revenue and U.S. agent count.

Brokerage 158
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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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California agents scramble to help clients affected by LA wildfires

Real Estate News

As the fires rage on, some agents are working on the front lines to help displaced residents facing big losses while navigating scarcity and price-gouging.

Agents 313
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Natural disasters like the LA fires will deepen the U.S. housing crisis

Housing Wire

Researchers at the University of Southern California (USC) released an in-depth study this week in which they argue that decades of policy missteps have created a shortage of affordable housing across the U.S. and are pushing homeownership out of reach for millions of Americans. The full study , which was published in the January edition of The Russell Sage Foundation Journal of the Social Sciences, goes back 20 years to examine the origins of the current housing crisis.

Lending 418
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Top 10 Housing Markets for 2025: Zillow’s Predictions

Marco Santarelli

If you're trying to pinpoint where the real estate action will be in 2025, look no further! According to Zillows analysis, the hottest housing markets for 2025 will be largely concentrated in the Northeast and Midwest, with Buffalo, NY topping the list again. These markets stand out due to their mix of relative affordability, job growth, and a fast pace of sales.

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Co-ownership of Michael Jordan’s former mansion starts at $1M

Inman

After languishing on the market for more than a decade, the basketball legend's Highland Park, Illinois, estate is now a timeshare, with co-ownership beginning at $1 million, plus 2 percent annual expenses.

Marketing 157
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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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Housing Starts End 2024 on an Up Note

Eye on Housing

Fueled by solid demand, single-family construction moved higher in December despite several headwinds facing the industry, including high mortgage rates, elevated financing costs for builders and a lack of buildable lots. Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units, according to a report from the U.S.

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How do you put a price on the wildfire damage in LA?

Housing Wire

Youre bound to find variability in the total cost estimates related to the damage and destruction caused by the wildfires in Southern California , but some of the variations are exacerbated by what is included versus what is excluded in these estimates. According to CoreLogic , the total damage cost estimate for the Los Angeles wildfires as it relates to insured properties is currently at $30 billion.

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How Much Home Equity Have You Gained? The Answer Might Surprise You

Keeping Current Matters

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner?

Equity 307
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ADUs take center stage as Los Angeles housing goes up in smoke

Inman

As wildfires rage across California, destroying over 9,000 homes and displacing thousands of residents, accessory dwelling units (ADUs) have emerged as a critical housing solution five years after being approved in Los Angeles.ADUs, also known as granny flats, in-law apartments, or casitas, are independent living spaces attached to or located on the same property as single-family homes.

Staging 158
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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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Investor sentiment nosedives as rates rise, rents fall

Real Estate News

After improving earlier in the year, sentiment plunged between the third and fourth quarters of 2024, though flippers were less pessimistic than landlords.

Investor 304
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More home sellers but fewer home sales

Housing Wire

There were 45,000 new listings for single-family homes across the country this week, which is a big jump. That’s 12% more sellers than a year ago. This is the trend that will be the theme for 2025. It seems more sellers are coming out every week and that will keep inventory pushing upward. Mortgage rates pushed this week close to 7.25%. Its only two weeks into January and mortgage rates have hit the high end of the range we forecasted for the entire year.

Sales 418
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Roughly 11,000 Homes Will Sell Today – Will Yours Be One of Them?

Keeping Current Matters

Are you hesitant to sell your house because you’re worried no one’s buying with rates and prices where they are right now?

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‘This feeling is devastating:’ Celebs who lost their homes in LA wildfires

Inman

Dozens of high-profile celebrities have lost their homes in the Los Angeles wildfires since last week, including Mandy Moore, Anthony Hopkins, John Goodman, Julia Louis-Dreyfus and more.

Brokerage 158
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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.