Housing Wire
NOVEMBER 26, 2024
After a year of strong results, sales of newly built homes took a major step back last month. Data released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) shows new-home sales in October clocking in at a seasonally adjusted annual rate of 610,000 — a 17.3% decline compared to September and a 9.4% decline year over year.
Marco Santarelli
NOVEMBER 26, 2024
A new report on the state of the US housing market has come up. A recent analysis conducted by the real estate marketplace Point2Homes has uncovered a startling trend: in a span of just a few years, home prices have doubled in most of the 100 largest cities across the United States. This revelation serves as a poignant reminder of the remarkable shifts that have occurred in the housing market over the past decade. 68 Cities Where Home Prices Have Doubled in Less Than a Decade As we look back les
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Housing Wire
NOVEMBER 26, 2024
U.S. home prices rose 4.3% year over year in the third quarter of 2024, per the latest House Price Index (HPI) released Tuesday by the Federal Housing Finance Agency (FHFA). Compared to the second-quarter figure, home prices were up 0.7%. And the FHFA’s seasonally adjusted monthly index for September also rose 0.7% from August. “U.S. house price growth slowed in the third quarter, continuing a trend that started in the fourth quarter of the previous year,” Anju Vajja, deputy director
Keeping Current Matters
NOVEMBER 26, 2024
Buying a home in today’s market can feel like an uphill battle – especially with home prices and mortgage rates putting pressure on your budget.
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Housing Wire
NOVEMBER 26, 2024
U.S. home-price growth continued to cool in September. The S&P CoreLogic Case-Shiller national home-price index (HPI) rose 3.9% annually to a reading of 324.80 in September, according to data released Tuesday. This increase is down from a 4.3% annual gain in August and a 5% jump in July , and it marks the lowest year-over-year increase since August 2023.
Real Estate News
NOVEMBER 26, 2024
A last-minute filing by the DOJ and a handful of objections failed to derail the settlements, which cap more than five years of litigation in Sitzer/Burnett.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Estate News
NOVEMBER 26, 2024
With the NAR settlement on the cusp of approval, a filing from the Department of Justice cast a shadow on a core part of the deal. Now what?
Housing Wire
NOVEMBER 26, 2024
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2025 Tech100 Award are open now through December 16, 2024. Click here to nominate a tech organization. For the past 14 years, HousingWire’s Tech100 award has been celebrating the most innovative and impactful tech organizations in real estate and housing.
Real Estate News
NOVEMBER 26, 2024
A new complaint, like others filed in Michigan and Pennsylvania, claims that requiring association membership as a precondition for MLS access is monopolistic.
Housing Wire
NOVEMBER 26, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. If an uptick in housing inventory and more favorable interest rates materialize in 2025, you’ll still need to find creative ways to generate buzz for your listings and expand your client network. Even amid the growing popularity of TikTok videos and Instagram reels, real estate open houses are still one of the best ways to get new clients in the d
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The Close
NOVEMBER 26, 2024
Buying multiple rental properties requires the same steps as buying one—you’re still going to research the best spots and figure out how to manage your place effectively. However, you’re doing it on a larger scale, so you’ll need to be more organized and proficient to maximize your ROI. If you’re wondering how to buy multiple rental properties, the trick is to ensure your current properties are solid and well-established.
Housing Wire
NOVEMBER 26, 2024
Mortgage technology platform Haven is allowing its users to access property tax monitoring and protesting services. The New Jersey-based company has partnered with property tax service provider Ownwell , according to a recent joint announcement. Through this partnership, Haven will offer an escrow monitoring feature through the platform’s affiliate marketplace, or app store, which offers products and services that benefit servicers and borrowers.
Calculated Risk Real Estate
NOVEMBER 26, 2024
S&P/Case-Shiller released the monthly Home Price Indices for September ("September" is a 3-month average of July, August and September closing prices). September closing prices include some contracts signed in May, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).
Housing Wire
NOVEMBER 26, 2024
Mortgage infrastructure provider Pylon received a minority strategic investment from Citi and closed a deal to sell mortgages on its platform through the bank’s mortgage trading desk, the parties announced on Tuesday. Pylon, founded in 2022, has Peter Thiel, the co-founder and former CEO of PayPal , among its investors. The list also includes venture capital firms Conversion Capital , Allegis Capital , QED and Fifth Wall.
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RIS Media
NOVEMBER 26, 2024
KANSAS CITY, MO—Last-minute drama sparked by an 11th-hour intervention from the Department of Justice (DOJ) was not enough to derail final court approval of the National Association of REALTORS®’ (NAR) landmark class-action antitrust settlement—though a DOJ lawyer at the hearing signaled federal law enforcement is preparing to put further pressure on the industry.
Housing Wire
NOVEMBER 26, 2024
The mortgage rate increases of the past two months continued this week even as the pace of increases showed more signs of slowing. But rates have also crossed the 7% threshold once again, which could represent a mental hurdle for home shoppers. According to data at HousingWire’s Mortgage Rates Center , the average 30-year conforming rate rose 3 basis points (bps) during the past week to reach 7.02% on Tuesday.
RIS Media
NOVEMBER 26, 2024
While home prices have been steadily increasing for more than a year, the November S&P CoreLogic Case-Shiller national home-price index (HPI) showed that price gains are not stopping—but they are slowing. The latest HPI data released Tuesday tracks prices for the month of September 2024 (the index runs two months behind). During September, home prices… The post Annual Home Price Appreciation Lowest Since August 2023 appeared first on RISMedia.
Housing Wire
NOVEMBER 26, 2024
To better accommodate their needs as they age, baby boomer homeowners will likely need to renovate their homes to more easily accomplish goals related to aging in place and living in a safer, more comfortable dwelling. This is according to housing experts Jonathan and Drew Scott in a conversation with Yahoo Finance. The Scotts are the eponymous “Property Brothers” from the TV series of the same name, broadcast in the U.S. on HGTV.
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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.
Brownstoner
NOVEMBER 26, 2024
An interesting five-story red brick condo building is going up on a relatively low-slung Williamsburg block, standing out from its neighbors with a curved and textured facade. Surrounded by a green construction fence, the three-family condo building at 76 North 8th Street references 19th century brick buildings in a modern way… Read More > The post Curved Brick Condo Building Rises in Williamsburg appeared first on Brownstoner.
Housing Wire
NOVEMBER 26, 2024
The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. 1, according to the publication of FHA Mortgagee Letter (ML) 2024-21. In 2024, those figures were $498,257 and $1,149,825, respectively.
Brownstoner
NOVEMBER 26, 2024
This week, a look back at four of our featured listings from six months ago focuses on homes in Flatbush, Prospect Lefferts Gardens, and Bay Ridge. How did they fare? Part of the picturesque Albemarle-Kenmore Terrace Historic District, this brick single-family house and its neighbors were advertised as “artistic English colonial… Read More > The post Brooklyn Real Estate Listings Six Months Later: Three Sold, One off the Market appeared first on Brownstoner.
Housing Wire
NOVEMBER 26, 2024
The limit for federally backed reverse mortgages is increasing for the ninth consecutive year. The Federal Housing Administration (FHA) announced on Tuesday via Mortgagee Letter (ML) 2024-22 a maximum claim amount of $1,209,750 in 2025. That’s up $59,925 from the current limit of $1,149,825 for Home Equity Conversion Mortgages (HECMs), which equates to an increase of roughly 5%.
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
Brownstoner
NOVEMBER 26, 2024
In the News Brooklyn Navy Yard Developer Strikes $150M Refinancing Deal [NYP] Brooklyn Jury Convicts Real Estate Mogul in $2.4M Mortgage Fraud [BP] Former Staff of Brooklyn Nonprofit Charged in Kickback Scheme [Eagle] Housing Advocates Rally for Displaced Bushwick Tenants [BK Reader] Tenants in Troubled Development Win Rent Reduction [Greenpointers] Crown Heights Homeowners Hurt by War… Read More > The post Daily Links: As Commercial Real Estate Struggles, Artists’ Rent Rises in
Eye on Housing
NOVEMBER 26, 2024
Home price growth continued to slow in September, growing at a rate just below 4% year-over-year. The S&P CoreLogic Case-Shiller Home Price Index (seasonally adjusted – SA) posted a 3.89% annual gain, down from a 4.28% increase in August. The S&P CoreLogic Case-Shiller HPI year-over-year rate has decelerated for the seventh consecutive month, peaking at.
Inman
NOVEMBER 26, 2024
Judge Stephen R. Bough approved antitrust deals reached with the National Association of Realtors and HomeServices of America Tuesday afternoon.
Eye on Housing
NOVEMBER 26, 2024
Steadily rising mortgage rates coupled with ongoing affordability challenges kept many potential home buyers on the sidelines in October. Sales of newly built, single-family homes in October declined 17.3% to a 610,000 seasonally adjusted annual rate, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S.
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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.
Redfin
NOVEMBER 26, 2024
Considering a move to an apartment in Kansas City or a house in St. Louis, MO ? These two Missouri cities share a Midwestern charm and rich cultural heritage, but each offers a unique living experience. Kansas City is known for its thriving arts scene and world-class barbecue, while St. Louis offers historic neighborhoods and vibrant sports culture.
Inman
NOVEMBER 26, 2024
Mortgage giants will be allowed to back loans of up to $1.2 million in high-cost markets, providing ammo to critics who say goverment backing for mortgages adds to affordability woes.
Redfin
NOVEMBER 26, 2024
You might be considering settling down in a house in Memphis, TN , or making a move to a new apartment in Nashville, TN , as these two Tennessee cities share a love for music, rich history, and vibrant cultures. Memphis offers a more laid-back lifestyle with affordable housing, while Nashville is known for its booming job market and lively entertainment scene.
Inman
NOVEMBER 26, 2024
Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225.
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