The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where the economy is headed in the near term, saw a rise for the first time in eight months and nearly completely reversed course from its October reading, posting a 0.3% increase for the month of…
In the wake of Burnett v. NAR, much uncertainty has gripped the industry. Both agents and those charged with training them haven’t been entirely sure how to adapt to the changes, but luckily, the process has already begun. And according to some, it’s possible to increase your efficacy in the face of the change, instead…
December saw homebuilder confidence hold firm from last month’s reading, as detailed by the National Association of Home Builders (NAHB)/Wells Fargo Housing Index (HMI), even as a key measure of future expectations reached new heights. The index, which is graded on a 0 to 100 spectrum, with anything higher than 50 indicating a majority of…
The South and Midwest led the way for the National Association of REALTORS®’ (NAR) forecasted “Housing Hotspots” in 2025, based on a number of different factors such as inventory, affordability and mortgage rates. Among the hotspots listed in the South were Charlotte, North Carolina; Greenville, South Carolina; Knoxville, Tennessee; and San Antonio, Texas. This was…
A recent Harvard Joint Center for Housing Studies (JCHS) analysis found that insurance costs are heavily weighing on housing affordability, having risen 74% since the Great Recession, with more homeowners forced to buy government-backed plans. As a result of market conditions, private insurers have also faced a good deal of uncertainty in terms of unprofitability,…
A new housing impact risk report by ATTOM Data shows that 30 out of 50 counties deemed most vulnerable to market drop-offs were also considered “seriously unaffordable” just from base homeownership expenses (mortgage payments, property taxes and insurance). According to ATTOM, this means that these core expenses consumed 43% or greater of total average local…
Above, from left, Heather McColaugh, John Clidy, Aaron Kardell, Matthew O’Connor and moderator Jackie Louh. Photo by AJ Canaria. As we head into the new year, agent productivity is a hot-button topic, especially in an industry in which time management is key to getting things done in an efficient manner. During the hustle and bustle…
The growth in mortgages issued showed a second consecutive quarter gain, a pattern not observed for three years, according to the latest loan origination report from ATTOM Data. The latest report shows that in the third quarter of 2024, 1.67 million mortgages were issued, a 1.9% increase both quarterly and year-over-year. Despite this increase in…
Zillow is predicting an increase in home-buying activity in the Southwest spreading from the Southeast in its latest forecast for the 2025 real estate market. According to Zillow’s market heat index, the markets where buyers have the most leverage are in the Southeast. Zillow predicts that these buyer markets will spread westward to the Southwest,…
A number of hidden costs in the home-purchase process caused a whopping 72% of homebuyers in a survey sample of 1,000 to report they had regrets about their experience, according to new research from real estate firm Clever. The cause of their remorse was many-fold, but mainly consisted of a lack of funds, according to…
Save time and boost productivity with REW CRM's powerful automation feature. Automate tasks, improve efficiency and focus on what matters most—closing deals! Learn more.
