The Latest 2024 Housing Market Forecast
Keeping Current Matters
NOVEMBER 15, 2023
The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home.
Keeping Current Matters
NOVEMBER 15, 2023
The new year is right around the corner, and you might be wondering if 2024 will be the right time to buy or sell a home.
RIS Media
NOVEMBER 16, 2023
The recent ruling in the Burnett vs. NAR trial has sent shockwaves through the real estate industry, however its repercussions reach far beyond the courtroom. While in the public eye the verdict may be celebrated as a victory for home sellers and a step towards addressing the contentious issue of agent commissions, there is an… The post The Unintended Consequences of Burnett vs.
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Inman
NOVEMBER 15, 2023
Tuesday's big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Fed is done hiking rates and may reverse course in the spring.
Real Estate News
NOVEMBER 14, 2023
Texas Realtor associations and 20+ brokerages and teams are being sued by a home builder and magazine publisher who call NAR the “creator of the conspiracy.
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Bigger Pockets
NOVEMBER 15, 2023
After a whirlwind of struggles throughout the year, some of these high-value commercial properties are facing huge risks that could reshape their markets. See the full list here.
Calculated Risk Real Estate
NOVEMBER 15, 2023
NOTE: Starting next month, I’ll add some comparisons to 2019 data (pre-pandemic)! This is the third look at several early reporting local markets in October. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
NOVEMBER 15, 2023
Willis previously held the top leadership position at Keller Williams Realty from 2005-2015 and had recently rejoined the company in a consulting capacity.
Inman
NOVEMBER 16, 2023
If a recession comes, writes Jimmy Burgess, keep in mind that it is not just a time of challenges but also of opportunities. Here he lays out ways to lead gen and lead nurture now.
RIS Media
NOVEMBER 16, 2023
Real estate transactions involve many costs and fees, many of which are due at closing. One such expense that often raises questions among buyers and sellers is real estate transfer taxes. Understanding who pays these taxes and how they work is essential for anyone involved in a real estate deal. We will delve into transfer… The post Who Pays Real Estate Transfer Taxes at Closing?
Housing Wire
NOVEMBER 14, 2023
Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. Here are 14 real estate trends Gen Z buyers won’t pass up. 1.
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Real Estate News
NOVEMBER 13, 2023
NAR’s annual Profile of Home Buyers and Sellers report revealed higher down payments, as more people reported living with friends or family before purchasing.
Inman
NOVEMBER 13, 2023
Delroy Gill doesn’t just sell homes — he builds relationships. Born and raised in London, England, he understands complex transactions and international relocation and brings world-class service and out-of-the-box thinking to every detail of real estate transactions.
RIS Media
NOVEMBER 13, 2023
Moving is an exciting yet overwhelming experience. Whether relocating to new cities or just across town, it’s essential to be well-prepared to ensure smooth transitions. There are several crucial things to know before moving to make your process as stress-free as possible. We will cover basic guidelines, key considerations, and preparations to help you make… The post Why Having a Moving Checklist Is Crucial When You’re Relocating appeared first on RISMedia.
Housing Wire
NOVEMBER 11, 2023
Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? The housing inventory growth rate has decelerated for three weeks, and we were barely positive last week, with an increase of only 59 homes.
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Real Estate News
NOVEMBER 11, 2023
Damian Eales talked to Real Estate News about why the industry “should be careful what some people are wishing for” and his perspective on NAR.
Inman
NOVEMBER 13, 2023
Former arbitrage trader, current team leader and new Inman contributor Jen Berbas speaks to the vital due diligence role real estate professionals play for consumers, even after Sitzer et al.
Calculated Risk Real Estate
NOVEMBER 14, 2023
From housing economist Tom Lawler: Last Friday Census released new long-term projections of the US resident population, this time going out to 2100. The last time Census released long-term population projections was in 2017 (going out to 2060), and the 2023 projections for the “middle” scenario are massively lower than the 2017 projections.
Housing Wire
NOVEMBER 16, 2023
Freddie Mac will launch a new fee-based repurchase alternative pilot program for performing loans in 2024, designed to improve the quality of performing loans through a potential replacement of its current repurchase policy for defective performing loans. “The pilot will use a fee-based structure that is more efficient, transparent and rewards lenders that deliver high-quality loans,” the GSE said.
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.
Real Estate News
NOVEMBER 15, 2023
Although the jury reached a verdict in the Sitzer/Burnett lawsuit on Oct. 31, post-trial motions will keep any judgment on hold until spring.
Inman
NOVEMBER 16, 2023
At a forum for reps of 50 large brokerage firms, The Realty Alliance CEO Craig Cheatham asked why the nearly 1.6 million-member trade group can't use its political influence for an "existential threat.
RIS Media
NOVEMBER 15, 2023
Elevated mortgage rates, high home prices and limited housing inventory are making the dream of homeownership difficult for Americans, according to NAR Chief Economist Lawrence Yun. Yun analyzed the current state of the U.S. residential real estate market and shared his 2024 outlook yesterday during the Residential Economic Issues and Trends Forum at 2023 NAR… The post NAR Forecasts Existing Home Sales Will Rise in 2024 appeared first on RISMedia.
Housing Wire
NOVEMBER 16, 2023
Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% chance that the Fed will hold interest rates steady in December, according to the CME Group’s FedWatch tool. The 30-year, fixed mortgage averaged at 7.44% as of Nov. 16, according to Freddie Mac ‘s Primary Mortgage Market Survey.
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.
Real Estate News
NOVEMBER 16, 2023
As rates decline for a third straight week, mortgage applications have risen, suggesting the possibility of a jump in year-end home sales.
Inman
NOVEMBER 16, 2023
Local Logic’s tool set for turning granular community data into marketing advantages for real estate agents is now part of a prominent MLS software provider’s value proposition, according to a November 14 press release.
Eye on Housing
NOVEMBER 15, 2023
According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) declined 0.1% in October (not seasonally adjusted) following a 0.2% increase in September. The index has increased 1.0%, year-to-date, marking the smallest YTD gain through October since it fell 0.1% over the first 10 months of 2019.
Housing Wire
NOVEMBER 16, 2023
As copycat commission lawsuits spread across the country in the wake of the Sitzer/Burnett jury verdict, a new demographic of plaintiffs’ attorneys are getting in on the action: so-called “ambulance chasers.” While the plaintiffs in the Moehrl , Sitzer/Burnett and Nosalek lawsuits are all represented by large law firms with class-action experience, the plaintiff in the relatively small Burton suit in South Carolina is represented by attorneys at Knie & Shealy Law Offices in Spar
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Real Estate News
NOVEMBER 17, 2023
In response to Homes.com’s huge traffic growth, Damian Eales said “poor-quality audience and stunts lead to low-quality leads.
Inman
NOVEMBER 14, 2023
On Nov. 5, Phil Lang joined 50,000+ others in running the New York City Marathon and finished in 2:43, a two-minute personal best from seven years prior. Here he shares five things that he learned in getting to the top 0.5 percent of finishers.
Sotheby's International Real Estate
NOVEMBER 17, 2023
Los Angeles, California | Sotheby’s International Realty – Los Feliz Brokerage A recent renovation has preserved the grand estate’s historic, Old Hollywood character. ‘Frankenstein’ Director James Whale’s 1930s Los Angeles Home Selling for $7.245M – Mansion Global This Portland Home Is One of Just Two Residences in Oregon Designed by Richard Neutra – Robb Report Curving California Compound Asks for $4.595M – The Spaces Diane Sawyer’s Estate On Martha’s Vineyard Sells For
Housing Wire
NOVEMBER 15, 2023
Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real es
Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group
Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.
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