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.
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 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
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
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
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.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 26, 2024
The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. The new limit reflects a 5.2% increase over the current $766,550 cap for 2024, aligning with home price trends. The adjustment indicates a weaker housing market this year, driven by still-elevated mortgage rates.
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
Did today’s new home sales report really show an epic crash in sales? New home sales reports can be quite volatile from month to month. When I notice a significant increase or decrease compared to estimates, I often suspect that revisions will be made or that a one-time event may have influenced the figures. In this case, several factors contributed to the substantial decline in new home sales.
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.
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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.
Housing Wire
NOVEMBER 26, 2024
At any time of year, an effective pricing strategy can be the difference between a home that sells quickly at a desired price and one that languishes on the market for months. There’s no time when this is more apparent than at the end of the year, as holidays and family gatherings overtake the urgency of finding and moving into a new home. Although your sellers have already made a great decision by choosing to hire a real estate agent (which can add about $34,000 more to their final sale price),
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
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.
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).
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.
Housing Wire
NOVEMBER 26, 2024
The National Association of Realtors (NAR) and the real estate industry at large have something to be thankful for this Thanksgiving. Judge Stephen Bough of the U.S. District Court in Kansas City, Missouri, on Tuesday granted final approval to NAR’s commission lawsuit settlement agreement , as well as the settlements reached by HomeServices of America and the numerous MLSs and brokerages that chose to opt into NAR’s settlement.
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
With just hours to go before Judge Stephen R. Bough holds a final approval hearing for the National Association of Realtors ’ (NAR) commission lawsuit settlement agreement , the trade association has fired back at the statement of interest filed Sunday by the Department of Justice (DOJ). In its filing, NAR mentions that the DOJ’s statement of interest is “non-binding” and “says nothing that prevents final approval of the NAR Settlement as written.
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.
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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.
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
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
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.
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.
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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.
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.
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
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.
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.
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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.
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.
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.
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.
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