Real Estate News by RealEstateNews.com
Veterans could drive homebuying demand in 2025. A recent survey found that while both veterans and civilians are feeling more prepared to buy, veterans are more likely to purchase a home in the next year. Robert Davis. October 18, 2024. Brokerages.
Housing Market Decoded: Can we predict where mortgage rates …
5 days ago · Over the past two years, the average rate on a 30-year fixed-rate mortgage has ranged between about 6 and 7.79%. However, the relationship between mortgage rates and the federal funds rate has become less clear. In early September, the Federal Reserve cut interest rates for the first time in more than four years … and mortgage rates increased.
A danger foretold: NAR’s waning dominance
3 hours ago · Key points: The National Association of Realtors commissioned The DANGER Report a decade ago, and many of the risks identified in 2015 have become today’s realities. The report took an unflinching look at the industry and suggested that associations could lose their dominance. Private listings were identified as “one of the greatest legal ...
Buyers backing out of deals in record numbers as market shifts
Jul 24, 2024 · More buyers are backing out. According to the Redfin report, roughly 56,000 home purchase contracts were canceled last month, which Redfin says is more than any other June on record. And the main issue, Redfin researchers and agents suggest, is housing affordability and the steep costs to purchase. "Buyers are getting more and more selective ...
Rising rates a bummer for buyers, but builders are more bullish
4 days ago · It's now looking like a big bummer for homebuyers. The 30-year fixed-rate mortgage rose for a third consecutive week, according to Freddie Mac, averaging 6.44%. That's up from 6.32% a week ago and significantly higher than the 6.09% average prior to the Fed's 50-basis point interest rate cut. The 15-year fixed-rate also continued to climb ...
Why teams emerged as a top ‘danger’ to the old status quo
2 days ago · Teams are changing the game — for agents and brokers. The DANGER Report, written by influential industry strategist (and Real Estate News founder) Stefan Swanepoel, called out the rise of teams, both from an agent and broker perspective. For agents, teams held the promise of greater autonomy and personal brand-building as well as business ...
Homebuyer sentiment is up, but for how long?
Oct 7, 2024 · Homebuyer sentiment reached its highest level in more than two years in September, but that may not last as mortgage rates continue to rise. The Fannie Mae Home Purchase Sentiment Index jumped 1.8 points last month to 73.9, fueled by the expectation that mortgage rates will decline in the next 12 months.. Optimism around rates was at a survey high, according to Fannie Mae, with a record 42% of ...
Trends 2024: The 4 main brokerage models, and how they’ve …
Dec 11, 2023 · Editor's note: Since 2006, the Swanepoel Trends Report has provided in-depth research and analysis to help leaders understand the forces shaping residential real estate.This exclusive series of excerpts highlights each trend featured in the 2024 report, which was released in November 2023. 4 Primary Brokerage Business Models: The traditional way of operating a brokerage company has endured for ...
Lower rates attract refinancing — are home buyers next?
Sep 26, 2024 · Redfin's rolling four-week report found new listings up 7.6% compared to a year ago while active listings are up 18.1%. It estimates the national months of supply at 4.1, the highest since February. Joining the rise in new listings is a jump in the median asking price, up 5.4% year-over-year. However, there are still challenges for sellers.
Trends 2024: Big brokerages are scooping up more deals
Jan 29, 2024 · Trends 2024: Big brokerages are scooping up more deals. The largest firms are claiming an increasing number of sales, driven in part by fast-growing companies like Compass and eXp. Editor's note: Since 2006, the Swanepoel Trends Report has provided in-depth research and analysis to help leaders understand the forces shaping residential real estate.