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A recurring theme of president-elect Donald Trump‘s campaign efforts is ramping up as his incoming administration intends to “seal the border” and deport millions of immigrants in 2025. This move has caused housing industry professionals to wonder how efforts to build more homes will hold up. In 2023, the housing industry accounted for 32.9% of all consumer spending, according to data from the U.S. Bureau of Labor Statistics (BLS). This share represented the largest portion of expenditures, easily outpacing transportation (17%) as the next closest category. A recent Redfin report highlighted a significant share of immigrants who occupy the construction…

Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225. 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. Homebuyers putting as little as 3.5 percent down will be able to borrow at least $524,225 in low-cost markets…

Mortgage technology platform Haven is allowing its users to access property tax monitoring and protesting services. The New Jersey-based company has partnered with property tax service provider Ownwell, according to a recent joint announcement. Through this partnership, Haven will offer an escrow monitoring feature through the platform’s affiliate marketplace, or app store, which offers products and services that benefit servicers and borrowers. The feature allows homeowners to directly monitor their tax assessments in one place. This collaboration streamlines operations by combining homeowner engagement with a better understanding of property tax assessments and appeals. Before, homeowners would have to rely on…

Despite the need for more affordable housing, writes multifamily expert Michael Zaransky, it’s unlikely that office conversions will solve the problem more effectively and cheaply than building new. In some cases, however, it makes sense. 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. The former United Artists Building in downtown Detroit is a historic, 18-story…

The National Association of Realtors (NAR) and the real estate industry at large have something to be thankful for this Thanksgiving. Judge Stephen Bough of the U.S. District Court in Kansas City, Missouri, on Tuesday granted final approval to NAR’s commission lawsuit settlement agreement, as well as the settlements reached by HomeServices of America and the numerous MLSs and brokerages that chose to opt into NAR’s settlement. The approval comes despite a last-minute filing from the Department of Justice, in which the DOJ took issue with the settlement provision that requires buyers to sign a buyer broker representation agreement prior…

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. The day is here at last: This afternoon, a judge in Missouri will decide if the National Association of Realtors’ landmark commission settlement gets final approval. The moment comes after years of litigation and represents a culminating event in a story that has fundamentally changed the way agents practice business and collect…

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. 1, according to the publication of FHA Mortgagee Letter (ML) 2024-21. In 2024, those figures were $498,257 and $1,149,825, respectively. The new FHA loan limits mark increases of $25,968 for the floor and $59,925 for the ceiling, respectively. FHA Commissioner Julia Gordon said that these changes in the loan limits will necessarily keep pace with increases in…

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. The real estate industry has been anything but dull over the past year, with commission litigation and new practice changes awaiting final court approval. However, I think most practitioners would agree this isn’t the kind of excitement they were hoping for. More recently, controversy surrounding the Clear…

After a year of strong results, sales of newly built homes took a major step back last month. Data released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) shows new-home sales in October clocking in at a seasonally adjusted annual rate of 610,000 — a 17.3% decline compared to September and a 9.4% decline year over year. The numbers represent the slowest pace of new-home sales since November 2022, when the seasonally adjusted annual rate was 596,000. The post-pandemic low point occurred in July 2022, when the rate fell to 519,000. The…

Photo-Illustration: Curbed; Photos: Getty There’s been a lot of hand-wringing over New York City’s tilt toward Trump in November. His populist agenda seemed to especially resonate in working-class communities, propped up by the broader sense that the city’s systems — and how they function on a daily basis, or don’t — are inexplicably broken. But it should be said: Over the past four years, the Biden administration has rained money on New York City. Boosted by federal infrastructure and climate laws, the city has received up to $2.4 billion from Washington, the most of any metropolis by far. That pot,…