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They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Several factors have been keeping labor steady, such as working through a backlog of orders and long turnaround times to complete projects.
Outdated rules have allowed solicitors to bombard borrowers with unwanted calls or texts. While lenders arent to blame, consumers may hold them responsible.
Ask any real estate or mortgage professional what housing has been like in 2024, and the answer is likely chaotic. Ask consumers the same question, and theyll probably sum it up in one word: unaffordable. A continued trend of higher-for-longer mortgage rates will continue into 2025 accompanied by high home prices, but slight improvements are… The post 2025 Housing Market Predictions: What Economists Expect for the Year Ahead appeared first on RISMedia.
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.
The housing industry is getting an early Christmas gift. The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million, a 4.8% increase over the revised October number and a 6.1% increase year over year. The annualized rate is the highest seen since the tally of 4.22 million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021.
The option lets brokers access the MLS outside the traditional three-tier membership system. NAR says it is maintaining standards for the Realtor brand.
The option lets brokers access the MLS outside the traditional three-tier membership system. NAR says it is maintaining standards for the Realtor brand.
Existing-home sales rose 6.1 percent annually in November while three out of four U.S. regions saw increases from 2023, according to new data released Thursday by the National Association of Realtors.
2025 is shaping up to be another challenging year for the housing market, but its not all bad news. As broker-owner Lisa Chinatti and Zillow Chief Economist Skylar Olsen noted on a recent Knowledge Brokers Podcast , this will be another year for the skill-based agent those who can adapt, strategize, and lead their clients through market uncertainty.
Its late December so all the 2025 mortgage rate forecasts have been published. Unfortunately, all of them are already wrong. Most housing market analysts expect mortgage rates to spend the year with a 6 handle. The most optimistic predictions assume 2025 will see mostly low 6s for the 30-year fixed rate mortgage. And yet with pesky inflation data not falling as quickly or as far as expected, Fed chair Jerome Powell suddenly changed his language in the Fed meeting on Dec. 19.
Have you noticed how real estate investing always gets more challenging with new laws, rules, and regulations? So, education is crucial for your success before you drop money down on properties. Have no fear; online courses allow you to conveniently access valuable resources and information to help you achieve your investing goals. Ive poured over a ridiculous amount of courses to bring you the best real estate investing classes online that are cost-effective and flexible enough to fit your busy
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.
Despite an array of significant stories throughout 2024, none could surpass the industry-shaking news of NAR agreeing to settlement terms in the wake of antitrust commission lawsuits that would forever reshape how agents and brokers do business.
After several atypical years, the real estate market is expected to settle into a new normal, with lower rates, more sales and improving affordability.
The criminal charges against the Alexander brothers are now affecting Side s civil lawsuit against them. Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners , that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on. Side a white-label brokerage that affiliated with Official Partners argues that the criminal charges filed against the Alexanders last week require
There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive.
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.
Stephen Brobeck, senior fellow at Consumer Federation of America, examines the aftermath of the Sitzer | Moehrl commission settlement and what it means for the industry's future.
Existing-home sales continue to rise year-over-year for the second month as economists say buyers are feeling more positive about their market prospects. Total existing-home sales improved 4.8% in November, rising from Octobers rate of 3.96 million to 4.15 million. Novembers sales data saw a large jump of 6.1% year-over-year, more than double Octobers year-over-year increase… The post Existing-Home Sales See Strongest Year-Over-Year Increase Since 2021 appeared first on RISMedia.
Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors and upcoming speaker at the Housing Economic Summit, sat down with HousingWires Senior Director of Events Brena Nath to answer a few questions on what she thinks is to come for real estate in 2025.
The platform will connect advertisers with RE/MAX consumers at key moments, providing a new revenue stream as the brand works to improve its bottom line.
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 Los Angeles mansion where late actress Brittany Murphy and her husband Simon Monjack died has long been the source of fascination and speculation. Now, the property is back on the market for $18 million, according to a Realtor.com report.
BAM Key Details: Clever Real Estates latest report reveals that 49% of sellers and 41% of buyers believe 2025 will be a seller’s market, while 68% of buyers worry rising home prices will delay their purchase. With buyers expecting to spend $386,507 on average and sellers aiming for $413,976, a $27,000 gap underscores the affordability challenges shaping next year’s housing market.
The American dream is synonymous with two ideas. One is the idea that anyone in this country can find a path to economic success regardless of their circumstances at birth. The second idea is the symbolic encapsulation of the first idea: homeownership. Owning a home is the signifier of economic success, but over the last few years, that milestone has gotten farther out of reach for first-time homebuyers.
Homeowners in Huntsville have enjoyed strong appreciation rates, with home values growing as much as 53% in the past five years. However, high interest rates and elevated home prices have slowed buyer activity and reduced offer prices. To retain proceeds, some sellers are researching how to sell a house by owner in Huntsville. Selling for sale by owner (FSBO) to save on Realtor fees is not a popular strategy.
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.
Aleem, Redfin's chief of real estate services, also said the agents who have joined since the company adopted a commission model are making more money.
Two recent surveys of agent sentiment conveyed a general sense of optimism heading into the new year, though mortgage rate expectations may not match reality.
Home sales in 2024 have been well below historic norms. Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash. But even investors have purchased fewer homes this year.
It isn't dripping with opulent prewar details, but this unit in Downtown Brooklyn's postwar Concord Village complex has some modern style and room to spread out as well as skyline views. On the 12th floor of 215 Adams Street, one of the seven buildings that make up the complex, it… Read More > The post Downtown Brooklyn Two-Bedroom With Six Closets, Skyline Views Asks $899K appeared first on Brownstoner.
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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