Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Total active listings are experiencing their traditional seasonal decline, but with less than two weeks left in the year, its evident that there are ready homebuyers in America.

Marketing 490

Marketing Mortgages Sales As-is 490

Marco Santarelli

DECEMBER 21, 2024

It appears that home buyers are indeed adjusting to the current reality of higher mortgage rates. While the dream of sub-4% rates seems to be a distant memory, the housing market is showing signs of resilience as buyers become more comfortable with rates in the mid-to-upper 6% range. This doesn't mean it's all sunshine and rainbows, but it does indicate a shift in mindset and a willingness to proceed with home purchases despite the less favorable borrowing environment.

Sales 104

Sales Mortgages Fixed-rate mortgage As-is 104

Housing Wire

DECEMBER 21, 2024

Relatively cheap housing, low taxes, looser COVID-19 restrictions and an influx of major employers turned Texas housing markets into hotspots after the pandemic began in March 2020. There werent many metro areas that rivaled the boom in Austin. The emerging technology sector brought wealth from the West Coast and pushed home prices sky high in a very short period of time.

Marketing 384

Marketing Technology As-is 384

Marco Santarelli

DECEMBER 21, 2024

If you're dreaming of owning a home in 2025, you're in luck! The National Association of Realtors (NAR) has just released its list of 10 housing market hotspots poised to outshine the rest of the country in sales next year. These aren't just random locations; they've been carefully selected based on strong economic, demographic, and housing factors that signal future market strength.

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Marketing Mortgages Finance Sales 96

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

Technology

Brownstoner

DECEMBER 21, 2024

Affordable Housing Lottery Opens for Bed Stuy Build With Gym, Rooftop Terrace An affordable housing lottery has opened for 27 apartments in a recently completed nine-story, 89-unit development that runs along Atlantic Avenue overlooking the J subway tracks and a McDonalds. The project, which replaced a Speedway gas station, is a… Read More > The post Top 5 Stories This Week: A Clinton Hill Reno, a Bed Stuy Housing Lottery appeared first on Brownstoner.

Development 105

Development 105

Inman

DECEMBER 21, 2024

Industry heavyweights continue to weigh in on the future of the Clear Cooperation Policy. What's your take?

Industrial 167

Industrial MLS Brokerage Agents 167

Real Estate News

DECEMBER 21, 2024

The association made a deal to end commissions cases while facing leadership shifts, intense attention from the DOJ and media and "rumblings" of discontent.

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Marco Santarelli

DECEMBER 21, 2024

Here's the deal with today's mortgage rates. It's December 21st, 2024, and if you're thinking about buying a house, you should know that mortgage rates are hanging around 6.70% on average. That's kind of a jump-up recently. Why the bump? Well, the Federal Reserve that's the group in charge of keeping the economy on track just decided to lower the federal funds rate.

Mortgages 52

Mortgages VA loan Loans FHA loan 52

BAM Media

DECEMBER 21, 2024

BAM Key Details: The Federal Trade Commission’s new Junk Fees Rule targets deceptive pricing in short-term lodging and live-event ticketing. The FTC estimates their new rule will save consumers up to 53 million hours annually and $11 billion over a decade by ensuring total price transparency, requiring businesses to disclose all mandatory fees upfront.

Industrial 59

Industrial As-is Agents 59

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Development

Marco Santarelli

DECEMBER 21, 2024

If you're asking yourself “Should I refinance my mortgage now or wait for 2025?”, the quick answer is: it really depends on your individual circumstances, but don't hold your breath waiting for a massive drop in rates. Mortgage rates are showing some instability right now, but major reductions are unlikely anytime soon. This means that if refinancing makes sense for you now based on your needs and goals, it might be better to act rather than waiting for the perfect moment which may n

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Debt-to-income ratio Mortgages Loans Equity 52