Sat.May 25, 2024

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2024 inventory growth challenges mortgage rate lockdown

Housing Wire

The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. But 2024 has proven that theory wrong. 2024 has had healthy inventory growth despite mortgage rates above 7%. Also, for the third time this year, I have hit my target of weekly inventory growth between 11,000 -17,000, thus leading to more inventory than we saw in 2023.

Mortgages 460
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Buy Side: Why buyer agreements are good for agents

Real Estate News

Cassie Walker Johnson not only supports buyer contracts, she offers training on them: “This is the tool that will define your entire professional relationship.

Agents 231
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Retreats, representation, conversations: Inman Top 5

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 165
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Survey: Buyers are putting their home search on hold

Real Estate News

In a Bright MLS poll, most agents said they recently worked with a buyer who gave up on finding a home, but many still expect buyer activity to remain high.

MLS 210
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The 4 Most Impactful Actions to Take in Real Estate in 2024

Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.

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This is fine. Everything is fine: How to be grateful when times are tough

Inman

Broker Aaron Hendon teaches you how to cultivate an attitude of gratitude, even when it's tough to stay positive and productive.

Brokerage 154
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Housing Market 2024: 10 California Cities for First-Time Homebuyers

Marco Santarelli

The Golden State beckons with its sunshine, beaches, and endless opportunities. But for first-time homebuyers, that California dream can quickly turn into a financial nightmare. Fear not, young grasshopper! While coastal havens and bustling metropolises might be out of reach, California offers a surprising abundance of affordable cities ripe for homeownership.

Marketing 103

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Housing Market 2024: Morgan Stanley Predicts Midyear Outlook

Marco Santarelli

Thinking about buying a house? This is a great time to get informed about what's happening in the housing market. Experts at Morgan Stanley , a leading financial institution, recently shared their insights on the future of home sales, affordability, and prices. Here's a breakdown of their podcast on the midyear housing outlook , presented in an easy-to-understand way.

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Top 5 Stories on Brownstoner This Week: LPC Approves Building for Park Slope Lot

Brownstoner

Fort Greene Brownstone With Seven Mantels, Central Air Asks $7.5 Million At 11 South Oxford Street, the grandly scaled brownstone still has some impressive period details like marble mantels, pier mirrors, and wood floors while a renovation has given it a modern country style kitchen, updated bathrooms, and a palette of… Read More > The post Top 5 Stories on Brownstoner This Week: LPC Approves Building for Park Slope Lot appeared first on Brownstoner.

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Housing Market Shift: Equity Slips But Still High in 2024

Marco Santarelli

There's good news and not-so-bad news for American homeowners. Let's unpack the latest data from ATTOM, a leading real estate data provider, with a specific focus on state, county, and metro area variations. Housing Market Shift: Equity Slips But Still High in 2024 The good news: Homeownership equity remains high. In the first quarter of 2024, nearly half (45.8%) of mortgaged homes in the United States were considered equity-rich.

Equity 92
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Monaco

BubbleInfo

Tired of all the taxation? Move to Monaco! Monaco is home to nearly half of all Formula 1 drivers: • Lewis Hamilton • Max Verstappen • Charles Leclerc • Lando Norris • George Russell • Valtteri Bottas • Sergio Perez • Nico Hulkenberg • Alex Albon This is primarily because of three reasons. Taxes: Monaco has no income tax, no wealth […] The post Monaco first appeared on bubbleinfo.com.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Renovation Projects for Curb Appeal Rank Highest for ROI

BAM Media

BAM Key Details: According to Zonda’s 37th annual Cost vs Value (CVV) report, exterior improvements yield the greatest return on investment (ROI) as buyers favor homes with curb appeal. Eight of the top 10 projects in the report are exterior projects, with near 200% returns on a garage door replacement and steel entry door replacement. Every homeowner should have at least some idea of the ROI of any big-ticket home renovation project.