Housing optimism up 'substantially' compared to a year ago
Consumer sentiment was relatively high in December, largely driven by expectations of declining mortgage rates in 2025.
January 7, 2025
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- How the country's largest MLS is pitching its valueAre MLSs still relevant in real estate’s new era? Absolutely, says California Regional MLS, whose new campaign focuses on adaptation and member empowerment.January 6, 2025
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- Will the DOJ sue NAR in 2025 — or back off?A new presidential administration and a Supreme Court decision could affect how the Justice Department approaches the real estate industry in the new year.January 3, 2025
- Mortgage rates edge closer to 7%While rates have risen by nearly a percentage point since late September, buyers appear to have “recalibrated expectations” — and home sales have improved.January 2, 2025
- The Ten: How mortgage rate head fakes foiled a real estate recovery2024 was supposed to be the year that home sales bounced back, but rates, inflation (and buyers) had other plans.December 31, 2024
- Why renters — and listings — aren’t budgingIt’s (still) all about home prices. Inventory is up, but much of it is stale, while flattening rents are keeping renters in their homes longer.December 30, 2024
- MLS, association execs expect membership declines in 2025As a weak market and dissatisfaction with NAR drive attrition, more leaders are considering opening MLS access to non-Realtors, a recent survey found.December 30, 2024
- Mortgage rates at highest point since July despite cuts“Buyers and sellers are gradually returning” but inventory could take a hit if homeowners stay locked in to their lower rates, experts say.December 26, 2024
- The Ten: The outsider who took on forms — and then NARWhen law professor Tanya Monestier started looking into buyer agreements, she never expected to become a leading voice in NAR’s biggest battle.December 24, 2024
- Housing market looking less attractive to investorsBut there is still competition for homes, especially at lower price points, where first-time buyers cross paths with buyers on the investment side.December 20, 2024
- Home sales rally — but that may not last as rates riseExisting home sales rebounded in November, pushing annual sales past the 4 million mark. A big jump in mortgage rates may quash momentum, however.December 19, 2024
- Fed cuts rates, but resets expectations for 2025Look for just two cuts next year — half the number previously forecast — as the Federal Reserve predicts inflation will remain high.December 18, 2024
- RE/MAX launches media network to boost ad revenueThe platform will connect advertisers with RE/MAX consumers at “key moments,” providing a new revenue stream as the brand works to improve its bottom line.December 18, 2024
- Builder confidence holds steady in the last month of the yearOne measure in the monthly index stood out, however, as builders responded with more optimism about where the market is headed in 2025.December 17, 2024
- The Ten: The DOJ, industry bogeymanThe Justice Department was a constant presence in 2024 — weighing in on civil cases, questioning buyer agreements and fighting NAR in the Supreme Court.December 17, 2024
- Judge denies dismissal motions from Gibson/Umpa defendantsHanna Holdings, eXp and Weichert are among the brokerages yet to resolve litigation in the buyer agent commissions lawsuit.December 16, 2024
- Forecasts in 4 top markets a reminder that real estate is localWhile some trends have been consistent across the U.S., four states exemplify regional variability in 2025: Texas, California, Florida and Virginia.December 16, 2024
- ADUs are gaining momentum — can they help fix the housing shortage?Cities and states across the U.S. are making it easier to build ADUs. Leaders hope those reforms will lead to more supply and improve affordability.December 14, 2024
