Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s review the data together. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates.

Mortgages 513

Mortgages Sales As-is Marketing 513

Real Estate News

SEPTEMBER 12, 2024

The downward trend hasn’t fired up buyers (yet), but predictions of more cuts this year could move rates closer to 5% and amp up the market next spring.

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Mortgages Marketing 290

Keeping Current Matters

SEPTEMBER 17, 2024

Mortgage rates have hit their lowest point in over a year and a half.

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Mortgages 288

Inman

SEPTEMBER 17, 2024

The new commission rules are confusing. Compliance expert Summer Goralik unpacks whether it’s possible to confirm if a seller is willing to compensate buyer’s agents.

Agents 189

Agents Brokerage Marketing 189

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Agents

Brownstoner

SEPTEMBER 10, 2024

It was standing room only, and barely any of that, at a heated two and a half hour public hearing on the Arrow Linen rezoning application in South Slope held by Community Board 7 last night, where 29 residents had the chance to speak to the crowd and many others… Read More > The post Locals Clash Over Arrow Linen Site’s Future at Raucous Community Hearing appeared first on Brownstoner.

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Development 142

Housing Wire

SEPTEMBER 7, 2024

Mortgage rates have made almost a 2% move lower from the highs of 2023. Now that the jobs week data is in, the question is: can mortgage rates go even lower? The answer is yes, but we will need more economic weakness, better spreads and a more dovish Fed. While the Fed can be old and slow, the bond market, thankfully, is doing a lot of the heavy lifting and has already priced in a lot of Fed easing policy.

Mortgages 531

Mortgages Banks As-is Marketing 531

Real Estate News

SEPTEMBER 16, 2024

Using the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.

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RIS Media

SEPTEMBER 12, 2024

As Tom Petty sang, “The waiting is the hardest part.” Was he referring to homebuyer hopefuls? Not sure, but either way, it’s almost go-time for those who’ve waited patiently for mortgage rates to finally begin a downward trajectory after years of staying in the high sixes, sevens and even briefly the eights. Inflation has cooled,… The post Buyer Agent Playbook: 3 Reasons Clients Must Buy Now Instead of Waiting appeared first on RISMedia.

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Agents Mortgages As-is Development 131

Inman

SEPTEMBER 13, 2024

Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's "dot plot" says about expectations for the pace of future cuts.

Investor 194

Investor Mortgages Marketing 194

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Agents

Seattle Times Real Estate

SEPTEMBER 1, 2024

Costs of assisted living can swallow life savings or deplete assets, and many run out of money eventually. For those without resources, there is little help.

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BubbleInfo

SEPTEMBER 18, 2024

The new rules don’t allow the MLS to publish on active listings how much buyer-agent commission is being offered by the seller and listing agent. But in a strange quirk, the CRMLS – the biggest MLS in California covering about half of the state – now requires that when marking a listing sold, the listing […] The post Concessions Paid After One Month first appeared on bubbleinfo.com.

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Housing Wire

SEPTEMBER 15, 2024

In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. On Friday, Rocket Pro TPO and Pennymac both announced an increase in their conforming loan limits to $802,650 — before the expected increase by the FHFA in November. Rocket’s increase was effective Friday and Pennymac’s increase will be effective for new broker locks on Monday, Sept. 16.

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Loans Mortgages As-is 491

Real Estate News

SEPTEMBER 5, 2024

More choices and lower mortgage rates may bring out late-season buyers, and they could have an advantage over those who wait until spring.

Marketing 306

Marketing Mortgages 306

Advertiser: Trellis

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.

Loans

RIS Media

SEPTEMBER 6, 2024

Top Agent Network, Inc. vs. the National Association of REALTORS® has officially set a trial schedule and date for 2025. TAN vs. NAR is a little different from the many other antitrust cases currently circling the real estate sphere. The non-commission based case alleges that defendants NAR and San Francisco Association of REALTORS® specifically blacklisted… The post Pocket Listing Lawsuit Sets Trial Date, with Clear Cooperation in the Spotlight appeared first on RISMedia.

Agents 132

Agents Industrial 132

Inman

SEPTEMBER 17, 2024

Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest U.S. metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday.

Mortgages 180

Mortgages Marketing 180

Eye on Housing

SEPTEMBER 16, 2024

Over the first seven months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 599,308. On a year-over-year (YoY) basis, this is an increase of 13.7% over the July 2023 level of 527,158. Year-to-date ending in July, single-family permits were up in all four regions. The range of permit increases spanned.

Construction 111

Construction Marketing 111

Bigger Pockets

SEPTEMBER 16, 2024

Banks are feeling pressure from the federal government to fund affordable housing projects, and they're pushing back. But in the middle of the fight is a possible profitability route for investors.

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Banks Investor 111

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Sales

Housing Wire

SEPTEMBER 1, 2024

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. I have consistently written that with mortgage rates above 7%, inventory should grow between 11,000-17,000 and this year it has happened six times perfectly in the channel.

Mortgages 538

Mortgages Banks As-is Sales 538

HomeLight

SEPTEMBER 16, 2024

In recent years, U.S. consumers watched as mortgage interest spiked until they hit a 23-year high of nearly 8% in October 2023. Now that rates have finally started declining, many would-be homebuyers and sellers are ready to climb off the fence and make a move. But what makes mortgage rates go down? What are the signs to watch for to determine if they’ll keep going down?

Mortgages 108

Mortgages Banks Sales Marketing 108

RIS Media

SEPTEMBER 11, 2024

Home purchase applications edged up for the third straight week, increasing 1.4% from last week’s increase of 1.6%, as mortgage rates hit their lowest level in six weeks and a 25-basis point interest rate cut by the Federal Reserve is likely in the offing. This week’s latest mortgage application data from the Mortgage Bankers Association’s… The post Ahead of Expected Fed Rate Cut, Mortgage Applications Increase for Third Straight Week appeared first on RISMedia.

Mortgages 125

Mortgages As-is Industrial Marketing 125

Inman

SEPTEMBER 16, 2024

Whether you’re negotiating on behalf of buyers or sellers, face-to-face or on Zoom, these 10 tips will help you be a better negotiator in a time when negotiation has never been more critical, Bernice Ross writes.

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Agents 183

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

Agents

Brownstoner

SEPTEMBER 10, 2024

The eye-catching St. John’s College, which takes up a quarter of a block on Lewis Avenue between Willoughby Avenue and Hart Street, will shortly reopen as an apartment complex after an impressive adaptive reuse project converts the campus to residential units. While the majority of the historic buildings remain unaltered on… Read More > The post Historic St.

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Residential Development 116

Bigger Pockets

SEPTEMBER 6, 2024

We know evictions can be costly for both landlords and tenants (both financially and sometimes emotionally). But recently, I heard two investors discussing who actually loses more during the process.

Investor 121

Investor Property Management 121

Housing Wire

SEPTEMBER 11, 2024

On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. How low? Mortgage News Daily came out with a shocking print of 6.11% mortgage rates for their top-tier borrowers, while HousingWire’s Mortgage Rates Center , which tracks actual loan lock data from Polly , is also at a year-to-date low of 6.44%.

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Mortgages Loans Sales Marketing 500

Calculated Risk Real Estate

SEPTEMBER 8, 2024

It has been over 18 years since the bubble peak. In the June Case-Shiller house price index released last week, the seasonally adjusted National Index (SA), was reported as being 73% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 11% above the bubble peak (and historically there has been an upward slope to real house prices).

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As-is 120

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents

RIS Media

SEPTEMBER 10, 2024

With fall approaching, home shoppers will see a plethora of options this buying season as housing inventory hits the highest level seen since May 2020, according to Realtor.com® data. Realtor.com®’s August Housing Trends Report found that the number of homes actively for sale grew by 35.8% year-over-year, the 10th straight month of growth and the… The post Housing Inventory Hits Highest Level Since May 2020 appeared first on RISMedia.

Sales 126

Sales Industrial Marketing 126

Inman

SEPTEMBER 16, 2024

The Obamas lived in the apartment from 1993 to 2005. The home is now being sold by Grammy-award-winning jazz singer Kurt Elling and his wife, Jennifer Elling.

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HomeLight

SEPTEMBER 6, 2024

Perhaps you’ve heard that there are no stupid questions, but there are still some that you probably feel you should know the answer to by now, and you might not feel that comfortable asking someone. Well, what is the internet for if not to answer exactly those questions? If you’ve been wondering what a mortgage is and you aren’t sure who you can ask, we’re going to walk you through the basics.

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Finance Mortgages Loans Residential 119