Mon.Jan 27, 2025

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Why new home sales are disappointing, despite beating estimates

Housing Wire

Todays new home sales report beat market expectations, just like last weeks existing home sales report. However, a detailed analysis of the data explains why housing permits continue to remain at recession-level figures. Builders are struggling to get clarity on how many homes they can sell in this rate environment in the future. Without more clarity on mortgage rates , substantial growth in housing permits is unlikely.

Sales 483
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Agents embrace private listing networks. Consumers? Not yet

Inman

Sixty-nine percent of agents since 2020 have recommended their sellers list on a private listing network. However, sellers still favor listing on the multiple listing service, a Zillow survey said.

Agents 172
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New-home sales hit highest level since 2021

Housing Wire

New home sales continue to be a bright spot in a dismal housing market. The December report from the U.S. Census Bureau and Department of Housing and Urban Development shows new-home sales registering at a seasonally adjusted annual rate of 698,000, good for a 6.7% rise year over year and 3.6% higher than November. Even better, new home sales for the calendar year 2024 are estimated at 683,000, which is 2.5% more than 2023 and the highest sales have been since 2021.

Sales 476
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RentSpree’s ‘homegrown listings’ now on Realtor.com

Inman

RentSpree and Realtor.com have agreed to work together on a rental syndication partnership. This ups the total of industry websites using RentSpree listing data to nine and the potential consumer reach to 30 million.

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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.

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Why real estate professionals must return to old-school thinking in 2025

Housing Wire

Have a seat and buckle in. The real estate industry is already in a whirlwind and the year has barely kicked off. To put it simply, the industry appears to be in its rapid evolution era. What does this look like? Firstly, real estate professionals are facing an unyielding storm of new challenges. For example, changing agent commission guidelines and emerging lead contact regulations are keeping professionals up at night.

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3 Reasons To Buy a Home Before Spring

Keeping Current Matters

Let’s face it — buying a home can feel like a challenge with today’s mortgage rates.

Mortgages 324

More Trending

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Affordable Housing Lottery Opens in Gowanus With $961 One-Bedrooms

Brownstoner

A new 17-story apartment tower that has risen on Gowanus 4th Avenue and was made possible by the areas rezoning has launched an affordable housing lottery. The Douglass Street Apartments building, which replaces a BP gas station, will have a total of 188 apartments and climbs to 175 feet, according… Read More > The post Affordable Housing Lottery Opens in Gowanus With $961 One-Bedrooms appeared first on Brownstoner.

Marketing 104
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Cash-out refi customers largely used proceeds to pay down debt

Housing Wire

Consumers who chose to take out a cash-out refinance largely used the loans proceeds for paying down existing debts, with notable impacts on credit card and auto loan balances as well as credit utilization rates. Cash-out borrowers also saw increases in their credit scores on average, while scores for non-cash-out borrowers decreased. This is according to a recent report published by the Consumer Financial Protection Bureau (CFPB), which is based on data from the National Mortgage Database (NMDB

Loans 368
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Daily Links: Williamsburg Pharmacy Goes Up in Flames in Four-Alarm Fire

Brownstoner

In the News Congestion Pricing Results Mixed, Some Commutes Improve [NYT] Rare Plant Smells Horrible, but People Cant Wait for a Whiff [NYT] Vandals Hit Park Slope Israeli Eatery, Owner Pledges to Leave It [NYP] Burg Business Burned in Large Overnight Fire [NBC] Exhibition Brings Gowanus Industrial Heritage to New Development [BP] Plans for IBX Train… Read More > The post Daily Links: Williamsburg Pharmacy Goes Up in Flames in Four-Alarm Fire appeared first on Brownstoner.

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Remodeling industry could benefit from focus on aging in place

Housing Wire

Members of the U.S. home remodeling industry report that while market conditions are stalling larger-scale remodeling projects, consumers seeking remodeling work are focused on efforts that could serve to increase home values and to future-proof homes for later life and aging in place. This is according to a report at Kitchen & Bath Design News , based on a quarterly gauge of market conditions compiled by one of the outlets sister publications.

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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.

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Today’s Mortgage Rates January 27, 2025: Rates Drop Across the Board

Marco Santarelli

On January 27, 2025, today's mortgage rates have seen a notable drop across various loan types, making it a potentially cost-effective time for homebuyers and those looking to refinance. The average rates for a 30-year fixed mortgage now sit at 7.04% , marking a significant decrease. This decline can provide substantial savings for borrowers compared to last weeks rates.

Mortgages 100
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Indigo secures $8M in funding for expansion in 2025

Housing Wire

Home negotiations technology platform Indigo just received a large investment to expand its operations in 2025. The company announced this week that it secured $8 million in funding to offer better insights and cohesiveness to real estate agents. Pete Flint at venture capital firm NFX , Clelia Warburg Peters at Era Ventures and Paul Irving at GTMfund led the seed round along with contributions from 1Sharpe Ventures and Jake Seid.

Brokerage 368
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CRMLS CEO Hones in on ‘Mandatory Submission’ Amid Clear Cooperation Pressure

RIS Media

As the Clear Cooperation Policy became a nexus of controversy and debate last year, with a plethora of brokers, CEOs and everyday agents across the country weighing in, maybe more notable than any of the folks who spoke out in favor (or against) the policy were those who didnt say anything at all. One notable… The post CRMLS CEO Hones in on Mandatory Submission Amid Clear Cooperation Pressure appeared first on RISMedia.

Agents 105
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ICE helps servicers boost customer retention and uncover recapture opportunities

Housing Wire

Interest rates have risen from their record lows, housing inventory is tight and more homeowners are staying in their current properties, which means it is more important than ever for servicers to retain the customers they have. To help servicers boost retention and recapture strategies, ICE offers a mobile and web-based solution called Servicing Digital.

Equity 368
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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.

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Cobble Hill Townhouse Transformed With Pops of Color Asks $12.995 Million

Brownstoner

For a buyer who wants a fresh infusion of color, this Cobble Hill townhouse got a makeover that brought a new palette to the expansive 1880s residence. Bright greens and blues are mixed with softer tones across five floors of living space that includes a two-bedroom garden rental. The colorful… Read More > The post Cobble Hill Townhouse Transformed With Pops of Color Asks $12.995 Million appeared first on Brownstoner.

Marketing 105
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The TikTok strategy that helped one agent build an $89 million business in four years

Housing Wire

Can you build a thriving real estate business on TikTok? Kina Desantis did. She went from a brand new agent in 2020 to running her wildly successful boutique brokerage with Side in less than four years. No cold calling, no door knocking just (patiently) educating new and move-up buyers with quick-hit educational TikTok videos. When we caught Kina on a recent episode of the Real Estate Rockstars podcast, we had questions lots of them.

Agents 368
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New telemarketing rules on hold after appeals court ruling

Real Estate News

Less stringent requirements for consumer contact will stay in place for a year, FCC says, as it delays TCPA changes that wouldve required one-to-one consent.

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Lone Wolf announces rebrand, inaugural Proptech Advisory Board

Housing Wire

Lone Wolf Technologies , a real estate technology company that has been in business for decades, unveiled its reimagined brand identity last week as an effort to “blend technology with human-centered design to better serve real estate professionals,” per a release from the company. “This isn’t just a new coat of paint,” said Lisa Lausten, senior vice president of marketing at Lone Wolf. “Our brand evolution represents a deeper transformation in how we serve ou

Branding 367
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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.

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A strong finish for new home sales in December

Real Estate News

Sales were up at the end of 2024, and for the full year, increased by 2.5% over 2023 in contrast to existing home sales, which fell short of 2023 numbers.

Sales 232
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RealTrends’ Steve Murray explores M&A changes and brokerage team models

Housing Wire

In this week’s episode of the RealTrending podcast , host Tracey Velt sits down with RealTrends founder Steve Murray. The duo explore the current state of mergers and acquisitions, team-based brokerage models, commission compression, and growth opportunities for agents and brokers. This interview has been edited for length and clarity. To start the conversation, Velt and Murray dive into the current state of mergers and acquisitions in the real estate industry.

Brokerage 350
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COURT REPORT: Gibson Plaintiffs Request Hooper Be Transferred to Missouri

RIS Media

Editors note: The COURT REPORT is RISMedias weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Gibson plaintiffs argue to transfer Hooper to Missouri The plaintiffs of the Gibson case have filed a reply in support of their motion to intervene in 1925 Hooper vs. NAR, requesting that the… The post COURT REPORT: Gibson Plaintiffs Request Hooper Be Transferred to Missouri appeared first on RISMedia.

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TCPA modifications, set for today, struck down by appeals court

Housing Wire

Real estate agents are in the clear when it comes to dealing with changes to the Telephone Consumer Protection Act (TCPA) thanks to a last-minute ruling by the Eleventh Circuit Court of Appeals late Friday night. The Federal Communications Commission (FCC) first established that companies and individuals sending marketing calls or texts must have prior express written consent before issuing a call or a text in 2012.

Agents 306
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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How Brooklyn Brownstone Owners Save on Insurance With Custom Policies

Brownstoner

In a city where brownstone values continue to soar, savvy Brooklyn multi-family homeowners are discovering a smarter approach to insurance. Gone are the days of one-size-fits-all policies that force owners to pay for coverage they don't need. "The traditional brownstone insurance market has been treating these unique properties like cookie-cutter homes… Read More > The post How Brooklyn Brownstone Owners Save on Insurance With Custom Policies appeared first on Brownstoner.

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Foreclosure auction volume sank to a three-year low to end 2024

Housing Wire

Distressed home sales marketplace Auction.com released a new report Monday highlighting a drastic drop in foreclosure auction property volume in the fourth quarter of 2024. But auction buyers are still willing to enter the market as the new presidential administration settles into office. Auction.com’s Auction Market Dispatch report is released on a quarterly basis.

Banks 339
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Finding the Perfect Multifamily Property

AAOA

Because of their capacity to improve an investors cash flow, generate multiple streams of income and boost their net operating income (NOI), multifamily properties are a popular type of real estate investment. Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent.

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NAR, News Corp. seek dismissal of Bandy lawsuit

Housing Wire

The National Association of Realtors (NAR) and News Corp., along with several of its subsidiaries such as Move , Realtors Information Network and OpCity , are looking to have the Bandy fraud suit dismissed. Filed in U.S. District Court in California in August 2024 by 13 real estate professionals, the suit is seeking class-action status and alleges that Move made misrepresentations regarding the quality of the leads provided to Connections Plus subscribers.

As-is 354
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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.

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MLS PIN Preliminary Hearing Set for April 4; Judge Waiting on DOJ

RIS Media

Judge Patti B. Saris, presiding over the Nosalek v. MLS PIN lawsuit in Boston, said on January 27 that she is ready to move forward with the case, scheduling a preliminary hearing for April 4. Saris expressed her frustrations with the Department of Justice (DOJ), as the settlement has been pending since the summer of… The post MLS PIN Preliminary Hearing Set for April 4; Judge Waiting on DOJ appeared first on RISMedia.

MLS 87
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California AG charges first real estate agent with price gouging after LA fires

Housing Wire

The wildfires in the Los Angeles area which are nearing 100% containment after much-needed rain arrived over the weekend have reduced local housing supply and increased demand, especially for short-term rental options. And the emergency needs of Southern California residents whove been displaced have law enforcement officials on the lookout for those who seek to benefit financially by overcharging for homes.

Agents 257
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Wallace Neff-designed house on Huntington Hotel grounds recaptures Pasadena’s best era

Fancy Pants Homes

As devastating fires continue to claim many of the beautiful and architecturally significant homes the City of Angels is known for, we turn our attention to the gems that are not only still standing but looking to add a new chapter to their storied history. Among them is a newly listed Tudor Revival home designed by celebrated architect Wallace Neff, one of only 13 remaining “cottages” built on the grounds of the historic Huntington Hotel in Pasadena — long before it was rebuil

Design 80
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Listing photos at center of lawsuit naming Compass, Side

Housing Wire

Who owns photos of a real estate listing? The broker? The photographer? And what exactly happens when a photo used in marketing material looks essentially identical to an already copyrighted photograph? Based on suits filed on Friday by builder, real estate broker and professional photographer Alexander Stross, the answer is legal action. Stross filed two suits on Friday in U.S.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.