Steady home-price growth to resume in 2024, experts predict

Price growth will pick back up in 2024 and hit a rate of 3.5 percent annual growth every year through 2027, according to a panel of housing experts surveyed by Zillow and Pulsenomics.

Utah 1st state to ban long-term listing agreements enforced by lien

Legislation expected to go into effect April 1 addresses allegedly deceptive tactics employed by MV Realty and was based on a model bill drafted by American Land Title Association.

Nate Berkus and Jeremiah Brent Mint a New Style Bound To Catch On Far and Wide: ‘Farmhouse With a Passport’

HGTV

On their show “The Nate & Jeremiah Home Project,” married designers Nate Berkus and Jeremiah Brent rarely wield sledgehammers to break down walls and start from scratch. Instead, they thoughtfully preserve as much of a home as possible, which not only honors its spirit but is easier on the wallet, too.

On the episode “Keep It in the Family,” for example, they head to Franklin Square, NY, to help newlyweds Jenn and Steve create a stylish living space for themselves while paying homage to Steve’s grandfather, who built their house in 1951. Steve’s mother grew up there, and they don’t want to erase that priceless heritage.

With a budget of $125,000 to make over the kitchen, living room, dining room, formal entry, and family room, Berkus and Brent will need to spend each dollar wisely. And they do, coming up with some extremely clever ideas you might want to try, too. Check out what we learned from the show this week.

New style: ‘Farmhouse with a passport’

Kitchen with European accents

HGTV

Kitchen with European accents
Lovely pressed wedding bouquet
Rich-looking draperies
A bar is essential for entertaining
Mantle acquired by price negotiation
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As locals balk, foreign buyers take renewed look at US homes

Real estate firms that work with foreign buyers have seen an uptick in business from outside the U.S., "The Wall Street Journal" reports.

Housing inventory shoots up as homes sit longer on the market

A new report from Realtor.com shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time.

Double Take: Mid-Atlantic Island Compound Entices With 2 Homes for $3.75M

Realtor.com

A private island escape in Bushwood, MD, beckons buyers with a rare deal: two homes for the price of one. The island dwelling comes with an additional mainland home and boat dock—all for $3.75 million.

The 13-acre St. Margaret Island is nestled in St. Catherine’s Sound, below the confluence of the Potomac and Wicomico rivers.

“It’s a pretty special place,” says listing agent David Desantis, of TTR Sotheby’s International Realty.

“The house itself is lovely, and it’s a summer beach house that is very livable and very charming,” he says. “But the special thing about this listing is not only is it your own private island, but it is less than two hours from Washington, D.C., and also close to Richmond, VA.







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5 big business takeaways from RE/MAX’s R4 conference this week

RE/MAX hosted its latest annual R4 conference in Las Vegas this week. Here are the top tips to create an "unstoppable" business straight from RE/MAX execs, trainers and top producers.

Exclusive: Tarek El Moussa Opens Up About His ‘Different Life, Different Wife, Different Market’

HGTV

Tarek El Moussa has come a long way.

This house flipper first rose to fame on the HGTV runaway hit “Flip or Flop,” which he co-hosted with his then-wife, Christina Hall. But a lot has changed since the show’s 2013 premiere.

For one, he has branched off to star in his own solo series where he teaches novice flippers the ropes, “Flipping 101 With Tarek El Moussa.” He has also divorced his previous flipping partner and married “Selling Sunset” star Heather Rae El Moussa, who recently gave birth to their baby boy, Tristan. And, as if all that weren’t enough, his family has embarked on a new show, “The Flipping El Moussas,” which follows their busy life together flipping houses in Southern California.

While fans will no doubt tune in to see what Tarek’s new life is like, we got to wondering what really happens behind the scenes when the cameras stop rolling. Lucky for us, Tarek was happy to chat with us and divulge some choice details you won’t see on reality TV.

Tarek and Heather El Moussa
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It’s official: New York remains the world’s priciest real estate market

More ultra-prime real estate transactions took place in New York in 2022 than anywhere else in the world, according to the 17th annual Wealth Report released Wednesday by Douglas Elliman.

Keller Williams’ Marc King on what he learned from the last recession

In this Inman Access class, Marc King of Keller Williams discusses key financial principles real estate professionals should implement to reach their goals and build wealth in their businesses.

This little-known niche helps charities (and agents) get paid

Help your favorite non-profit unlock charitable gifts of real estate while you earn a full commission as well. Trainer and author Bernice Ross talks to Cami Baker about this little-understood marketing strategy.

‘Affordability Is Hindered’: Mortgage Rates Rise for Fourth Week in a Row, Surpass 7%

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The numbers: Mortgage rates are up for the fourth week in a row.

The 30-year fixed mortgage rate hit 7.1%, up from 6.94% on Wednesday, according to the latest data of mortgage brokers released Thursday by Mortgage News Daily.

Mortgage News Daily says its index is driven by real-time changes in actual lender rate sheets.

Separately, the 30-year fixed-rate mortgage averaged 6.65% as of March 2, up 15 basis points from the previous week, Freddie Mac also said Thursday.

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New Realtor Tips

Congratulations on becoming a new realtor! Here are some tips that can help you get started: Develop a business plan: Your business plan should include your goals, target market, marketing strategy, and financial projections. This will help you stay focused and on track.Build a strong network: As a realtor, your success will depend largely on your ...


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Real Estate Webmasters launches REWpert, a human-assisted AI tool

REWpert will allow customers to do more than craft listing descriptions. The company said REWpert will exercise more of what ChatGPT-maker Open AI intended its tool to do.

Open Your Heart to Madonna’s Former Mulholland Drive Mansion, Available for $21M

Getty Images / Realtor.com

It just doesn’t get more old-Hollywood glam than the Los Angeles estate known as Castillo del Lago.

Set on legendary Mulholland Drive in the Hollywood Hills, this spread is said to have been a Bugsy Siegel lair in the 1930s.

After that, it served as a prominent movie location for 1984’s “Beverly Hills Cop” and as Madonna‘s home in the 1990s. The home currently belongs to fashion titan Leon Max, of Max Studio, according to the Wall Street Journal.

And if you happen to have $21 million lying around, you could be the next owner of this lavish, nine-bedroom, six-bath dwelling.

Former Madonna estate









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Black and Hispanic Homebuyers Are More Likely To Face Housing Discrimination

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Communities of color are more likely to experience discrimination in nearly every step of their homebuying journey.

Minorities continue to have higher mortgage application denials, have the lowest homeownership rates, and have properties that are more at risk of being undervalued by appraisals, according to a recent report from the National Association of Realtors®.

“We want homeownership to be for everybody. Homeownership is a main [way] to build wealth,” says NAR Senior Economist Nadia Evangelou. “Minority groups not only face additional challenges in their efforts to purchase a home, but also deal with inequalities after they purchase their homes.”

To come up with its findings, NAR analyzed data from the U.S. Census Bureau, and data collected through the Home Mortgage Disclosure Act as well as the Federal Housing Finance Agency. The organization also used data from a 129-question survey taken by 4,854 homebuyers who purchased property between July 2021 and June 2022.

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Homes for Sale in Manhattan

This week’s properties are in Harlem, Gramercy Park and Marble Hill.

Homes for Sale in Connecticut and New York

This week’s properties are a seven-bedroom in Litchfield and a four-bedroom in Long Beach.

Moving: It Can Make You Cry.

A new poll examines the motivations, experiences and disappointments of those who recently moved.

Want To Buy an Old Home? These Are the Most Common Repairs To Watch Out For

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Many homebuyers seek out old houses for their charm and character. The architecture of an old home, like a Tudor, Victorian, or Colonial, offers owners a sense of originality not typically found in new builds or cookie-cutter tract home neighborhoods.

“There’s a reason some say ‘they don’t make them like that anymore,’” says Vickey Barron, a broker at Compass in New York. “The quality of materials, design, and planning that went into many old homes would be extremely costly in 2023.”

But every homebuyer looking to purchase an old home should consider the possibility that they’ll have to spend money on repairs at some point in the future.

Best-case scenario? The previous owners overhauled the home’s major systems and you won’t have to shoulder any costly improvement projects. Worst-case scenario? You have to spend big bucks bringing things like plumbing and HVAC up to date.

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