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Late last week, president-elect Donald Trump announced that he had chosen Scott Turner, the former executive director of the White House Opportunity and Revitalization Council, to lead the U.S. Department of Housing and Urban Development (HUD). Housing industry reactions were primarily congratulatory for Turner. They included vows from organizations such as the Mortgage Bankers Association (MBA), Community Home Lenders of America (CHLA) and National Housing Conference (NHC) to work with the incoming HUD secretary on important issues facing the U.S. housing system. But Turner will have to go through the confirmation process in the Senate before he is seated in…

Photo: Tasos Katopodis/Getty Images You may be distressed over the outcome of the presidential election, but the D.C. luxury market is not. “I think we will see some big numbers transact again starting around January,” says Michael Rankin, the principal and managing partner of Sotheby’s International Realty in Washington, D.C. “People don’t want to spend $5, $10, $15 million if they don’t know whether they’ll be confirmed or not. But what we do know of the people who are coming is that it’s the multimillionaire and multibillionaire class.” The last time Donald Trump took office, the area saw a flurry…

Price and marketing expertise are key to building trust and showing your value with a well-thought-out listing presentation, broker Nick Schlekeway writes. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. When it comes to securing listings, preparation and clear communication are everything. In real estate, success isn’t accidental — it’s the result of a well-thought-out…

It seems like home sellers have had the upper hand in the housing market for years now, but rising inventory has steadily increased the amount of leverage for buyers. That trend will continue in 2025, according to Zillow’s annual housing market forecast. The portal giant projects a “bumpy” year for housing but one that could ultimately result in buyers coming out ahead. This is particularly true in the Southwest. Zillow said that buyers’ markets will spread across the region, provided that mortgage rates don’t drop dramatically and increase pent-up demand. “More inventory should shake loose in 2025, giving buyers a…

Whether you’re a new agent or simply navigating a tight market, all-cash offers can be a game-changing part of your strategy when working with buyers, New American Funding’s Rick Arvielo writes. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Not long ago, paying cash for a new home seemed like an option only the wealthiest…

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The latest signal comes from the National Association of Realtors‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% year over year and 2% compared to September. The 77.4 reading for the PHSI is the highest mark since March and the third highest dating back to December 2023. The PHSI is benchmarked at 100 in 2001. “Homebuying momentum is building after nearly two years of suppressed home sales,” NAR chief economist Lawrence Yun said in a…

The living area of a home that Wids DeLaCour Jr., an architect, designed to raise his family. Photo: Jake Di Pietro Studios Price: $6,500,000 ($1,273 monthly taxes) Specs: 5 bedrooms, 4.5 bathrooms Extras: Set up as a three-bedroom rental duplex upstairs with separate kitchen and an owner’s triplex with two bedrooms downstairs where the extras include a den, office, wet bar, and private garden. 10-minute walking radius: Brooklyn Heights Promenade, Montero’s Bar and Grill, The Long Island Bar, Books Are Magic Listed by: Kevin Carberry, Kevin Carberry Real Estate Margaret Jones was born in Brooklyn, and her family wanted her…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. In today’s digital-first, referral-driven world, traditional advertising alone isn’t enough to sustain a thriving real estate business. To keep a steady stream of leads and build lasting relationships, you must create a buzz that’s impossible to ignore. Here’s how you can position yourself as the agent everyone’s…

The mortgage rate increases of the past two months continued this week even as the pace of increases showed more signs of slowing. But rates have also crossed the 7% threshold once again, which could represent a mental hurdle for home shoppers. According to data at HousingWire’s Mortgage Rates Center, the average 30-year conforming rate rose 3 basis points (bps) during the past week to reach 7.02% on Tuesday. The average 15-year conforming rate of 6.98% remained the same as a week ago. Phil Crescenzo Jr., the Southeast division vice president for Nation One Mortgage Corp., thinks consumers and mortgage…

Home prices continued to rise in September, albeit at a more sluggish pace, according to dueling reports released Tuesday by the Federal Housing Finance Agency and the S&P Dow Jones Indices. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. U.S. home prices continued to rise in September, albeit at a slower pace, according to reports released by the Federal…