At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. “Life’s not fair, Habibi” is a familiar response to children to typically get them to radically accept a situation instead of throwing a [...]read more4 Fair Housing Essentials Any Real Estate Professional Can Champion
We’re almost halfway through 2024, and the housing market is at a standstill. Mortgage rates are high, inventory is low, buyers have fewer choices, and many homeowners refuse to put their properties up for sale. But could things change in the second half of this year if interest rates fall and inventory improves, even if [...]read moreMid-Year Housing Market Update + Mortgage Rate Forecast
Online retail giant Amazon announced this week that it is committing an additional $1.4 billion to its Housing Equity Fund that will go toward the creation and preservation of roughly 14,000 affordable housing units across three major metropolitan areas in which it maintains a corporate presence. The funds — to be invested in the metro [...]read moreAmazon commits additional $1.4B to affordable housing fund
Before the Fed held its press conference, we got a softer-than-anticipated CPI report, which sent the 10-year yield (and mortgage rates) lower at first. Then, the Fed announced its policy and bond yields headed higher as Powell spoke. However, the 10-year yield finished the day lower. We have had some wild moves on key data [...]read moreInflation and Fed day: A crucial moment for the housing market
In This Article Key Takeaways United Wholesale Mortgage launched a new zero-down mortgage program available for first-time homebuyers. The program allows borrowers who qualify to get a mortgage and a second loan to cover the cost of the down payment up to $15,000. While a few of these programs exist in different formats, critics [...]read moreZero-Down Mortgages Are Making a Comeback—Is This the Beginning of Another Housing Crash?
San Francisco-based Pacaso, a tech-centric real estate marketplace, released a report Monday unveiling the top U.S. metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ The report delves into the “Yes in My Backyard“ (YIMBY) movement, which involves numerous strategies to improve housing supply and lower the [...]read moreD.C., Chicago are top YIMBY cities for housing development
As baby boomers increasingly seek to age in place in their own homes — a scenario supported by both the preferences of older homeowners and the realities brought on by elevated mortgage rates — this is clashing with the desires of millennials who wish to enter the housing market, as the combination of limited inventory [...]read moreBoomers, millennials locked in ‘showdown’ over housing: Fortune
Another year, another low inventory housing market, and this year’s rankings mirror that market with fewer agents and teams qualifying than in 2022 and 2023. Overall, agents and teams in 2024 RealTrends Verified + Tom Ferry The Thousand agent and team rankings (based on 2023 data), had a total of 201,674 transaction sides (down from [...]read moreRealTrends Verified top agents and teams found success in a tight housing market
New housing grants totaling more than $233.7 million will be distributed to 20 tribal communities in Arizona, according to a joint announcement from the state’s U.S. Senate delegation of Mark Kelly (D) and Kyrsten Sinema (I). “Arizona is facing an affordable housing crisis, which has hit our state’s Tribal communities especially hard,” Kelly said in [...]read moreArizona senators announce $233M in new funding for state tribal housing
At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Until early to mid-2023, multifamily housing’s short-term play moved ever upward. Occupancy rates and rent growth trended at near-highs, demand lapped supply and [...]read moreHow To Embrace Multifamily Housing As A Long-Term Investment