Sat.Dec 14, 2024 - Fri.Dec 20, 2024

article thumbnail

The Federal Reserve’s housing recession dilemma

Housing Wire

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.

article thumbnail

Why trigger leads are a threat to the mortgage industry

Real Estate News

Outdated rules have allowed solicitors to bombard borrowers with unwanted calls or texts. While lenders arent to blame, consumers may hold them responsible.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 reasons it’s more important to be ‘different’ than ‘better’

Inman

Being different is a commitment to authenticity, perseverance and purpose, broker-owner Nick Schlekeway writes.

Agents 149
article thumbnail

The Truth About Down Payments

Keeping Current Matters

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.

232
232
article thumbnail

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.

article thumbnail

Existing-home sales take a sleigh ride to the sky with highest jump since 2021

Housing Wire

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.

Sales 459
article thumbnail

NAR hits Phoenix Realtors with cease-and-desist over MLS Choice

Real Estate News

The option lets brokers access the MLS outside the traditional three-tier membership system. NAR says it is maintaining standards for the Realtor brand.

MLS 318

More Trending

article thumbnail

The Biggest Perks of Buying a Home This Winter

Keeping Current Matters

Waiting for perfect market conditions often means missing out.

Marketing 229
article thumbnail

All those 2025 mortgage rates forecasts are now wrong

Housing Wire

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.

Mortgages 488
article thumbnail

The Ten: Real’s dynamic president, and the firm’s stellar year

Real Estate News

As other brokerages stumbled in 2024, Real saw enviable growth in agent count, transactions and share price with President Sharran Srivatsaa setting the tone.

Brokerage 274
article thumbnail

NAR threatens Phoenix Realtors over MLS Choice membership

Inman

NAR sent the cease-and-desist letter to Phoenix Realtors over its MLS Choice option, which gives brokers access to state-compliant forms and legal aid but may also violate its three-way agreement.

MLS 167
article thumbnail

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.

article thumbnail

Only an Expert Agent Can Give You an Accurate Value of Your Home

Keeping Current Matters

In today’s digital age, it’s tempting to rely on automated tools for everything — including figuring out how much your house is worth.

Agents 211
article thumbnail

Housing inventory is down everywhere except in pandemic hotspots. Here’s why.

Housing Wire

The COVID-19 pandemic turned previously sleepy cities into boomtowns.Expanded or permanent work-from-home policies gave people more flexibility in where to live, and those in uber-expensive markets like San Francisco and Manhattan took advantage by moving to areas where they could get more space for less money. This created incredibly competitive housing markets in smaller cities that pushed sales and prices sky high.

Sales 468
article thumbnail

Housing Market Decoded: The top 5 market trends in 2025

Real Estate News

After several atypical years, the real estate market is expected to settle into a new normal, with lower rates, more sales and improving affordability.

Marketing 276
article thumbnail

Existing-home sales surge to highest level in more than 3 years

Inman

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.

Sales 173
article thumbnail

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.

article thumbnail

More Starter Homes Are Hitting the Market

Keeping Current Matters

More entry-level homes – also known as starter homes – are popping up on the market.

Marketing 205
article thumbnail

What real estate leaders need to know about the 2025 housing market

Housing Wire

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.

Marketing 397
article thumbnail

ADUs are gaining momentum — can they help fix the housing shortage?

Real Estate News

Cities and states across the U.S. are making it easier to build ADUs. Leaders hope those reforms will lead to more supply and improve affordability.

265
265
article thumbnail

Fed cuts again, but mortgage rates climb on 2025 inflation worries

Inman

Bond market investors are focused on the latest "dot plot," indicating Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025.

Mortgages 163
article thumbnail

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.

article thumbnail

Struggling To Sell Your House? Read This.

Keeping Current Matters

When you sell your house, ideally, you want it to go something like this: your house sells for top dollar, you get it sold quickly, and it all goes down without a hitch.

199
199
article thumbnail

Side files preliminary injunction against Alexander brothers in wake of arrests

Housing Wire

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

Brokerage 415
article thumbnail

Fed cuts rates, but resets expectations for 2025

Real Estate News

Look for just two cuts next year half the number previously forecast as the Federal Reserve predicts inflation will remain high.

247
247
article thumbnail

Broker Spotlight: Michelle Valverde, BHGRE Viridis Properties

Inman

Find out how this young, first-generation Filipino-American entrepreneur worked her way up from receptionist to broker-owner.

Brokerage 158
article thumbnail

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.

article thumbnail

2025 Housing Market Predictions: What Economists Expect for the Year Ahead

RIS Media

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.

Marketing 130
article thumbnail

The 2025 housing market for first-time homebuyers

Housing Wire

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.

Marketing 397
article thumbnail

Agents expect more sales, (much) lower rates in 2025

Real Estate News

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.

Agents 242
article thumbnail

Stocking stuffer: Urban Nest Realty takes 400 agents to Real

Inman

Likely catching the collective eye of Real co-founder and CEO Tamir Poleg and president Sharran Srivatsaa was Urban Nest's 2023 numbers, consisting of 2,500 deals valued at $1.5 billion.

Agents 158
article thumbnail

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.

article thumbnail

5 Housing Market Predictions that Will Challenge Agents in 2025

BAM Media

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.

Agents 103
article thumbnail

Investor purchases are sinking with the housing market at large

Housing Wire

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.

Investor 448
article thumbnail

Trends 2025: Climate risks, buyer behavior and client conversations

Real Estate News

Floods, fires and other climate events are changing the real estate landscape. Agents should expect more questions about risk factors and be ready to respond.

Agents 235
article thumbnail

Clear Cooperation critics miss ‘the forest for the trees,’ eXp CEO says

Inman

Ahead of his appearance at Inman Connect New York in January, eXp Realty CEO Leo Pareja told Inman that change is inevitable and that his "North Star" is improving the experience of his agents.

Agents 158
article thumbnail

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.