OnTrack Agent

Home flipping plummets again in 2024 as profits stay low despite a slight boost in ROI. ATTOM reports an 8% drop in flips from last year and a 32% decline from the 2022 peak. Cash buyers still dominate, but high mortgage rates and market uncertainty are making it harder for investors to turn a profit. Some cities, like Cleveland and Buffalo, are seeing higher-than-average gains, but overall, flippers are facing tougher conditions. Will 2025 bring a turnaround? Other news: ?? FHFA in crisis—Bill Pulte fires top Fannie Mae & Freddie Mac execs, pushing for major reforms. Legal battles loom as the future of housing finance hangs in the balance. ?? eXp lawsuit update—Depositions delayed in the high-profile case involving allegations of corporate misconduct and assault. New trial date proposed for September 2025. ?? Watch 3 Things You Need to Know in Real Estate Today ?? https://lnkd.in/gtCweu5w #HomeFlipping #ATTOM #BillPulte #FHFA #FannieMae #FreddieMac #GlennSanford #eXpWorldHoldings #RealEstateNews #RealTrends #RealtorTips

The Federal Reserve holds interest rates steady but warns tariffs could push inflation higher. Growth projections are down, and the Fed signals just two rate cuts this year. Markets reacted positively, with the S&P 500 rising 1%. Other news: ?? DOJ pushes back on ‘misleading’ claims about the Clear Cooperation Policy, leaving room for future investigations. ?? Online real estate scams are on the rise, Madison County agent Devin Todd Ramsey warns of fake listings and phishing schemes. ?? Watch 3 Things You Need to Know in Real Estate Today ?? https://lnkd.in/ge-wgRkW #FederalReserve #TheFed #JeromePowell #DOJ #ClearCooperation #Realtor #RealEstateNews #BrianSchneider #RobertReffkin #DevinToddRamsey #WeeklyRealEstate

Mortgage rates climb for the first time in 9 weeks, reaching 6.72% ??. Refinancing drops 13%, while homebuying activity remains sluggish. With The Fed's latest meeting wrapping up, experts are watching for signals on the market’s next move. Will rates continue to rise, or is relief ahead? Other news: ?? Housing market sends mixed signals, renter households hit 45.4 million, while homebuilding jumps 11.4%, despite rising material costs from tariffs. ?? Queens Realtor & accomplices charged in a $3M deed fraud scheme, facing up to 25 years in prison after allegedly stealing homes through forged documents. ?? Watch 3 Things You Need to Know in Real Estate Today ??https://lnkd.in/grWaxmbf #USMortgageRates #TheFed #HousingNews #Homebuilding #RentalMarkets #QueensRealtor #RealEstateNews #RealtorTips #3ThingsYouNeedToKnow

Lower mortgage rates & rising housing inventory ?? could fuel market activity, according to Zillow Reports. Over 1M homes are now for sale, the highest since 2020, while home value growth slows to an 18-month low. With homes spending longer on the market, will buyers and sellers jump in? Other news: ?? Retail sales miss expectations, raising concerns about economic growth as The Fed meets to discuss the outlook. ?? $150K grant from Cooper Housing Institute will help rebuild homes for LA wildfire victims. ?? Watch 3 Things You Need to Know in Real Estate Today ?? https://lnkd.in/gEfNEvFS #ZillowReports #HousingInventory #TheFed #RetailSales #LAWildfires #RealEstateNews #WeeklyRealEstate

Consumer confidence plunges, a warning sign for the housing market. The Michigan report shows an 11% drop, with rising inflation hitting 4.9%. Experts warn this could keep buyers on the sidelines as economic uncertainty rises. Will lower rates be enough to fuel demand? Other news: ?? Retail sales inch up in February, but anxiety looms over the economy. ?? Gene Hackman’s estate, questions arise over his $4M Santa Fe property after will details surface. ?? Watch 3 Things You Need to Know in Real Estate Today ?? https://lnkd.in/gR2_EwZc #ConsumerConfidence #MichiganReport #RealEstateNews #Realtor #RetailSales #GeneHackmanEstate #WeeklyRealEstate

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U.S. inflation holds steady at 2.8%, but economic uncertainty lingers. Experts warn that tariffs and recession fears could drive prices higher. The Federal Reserve is expected to keep interest rates unchanged next week, but concerns remain over rising costs, including a 10.4% jump in egg prices due to avian flu. ?? Also in the news: ?? A Missouri judge faces recusal requests in a major real estate antitrust case over potential conflicts of interest. ?? Zillow’s latest report reveals that $33 trillion in U.S. real estate is at risk due to floods, fires, and extreme winds, with rising insurance costs reshaping the housing market. ?? Stay informed! Watch 3 Things You Need to Know in Real Estate Today. https://loom.ly/dSdtOnU #realestatenews #inflation #tariffs #Zillow #climatechange #realtor #realtrends #realtortips #3ThingsYouNeedToKnow

?? MARIS MLS launches a first-of-its-kind broker profit-sharing program! Brokers can now earn from listings data, turning real estate info into real revenue. ?? Gen Z wants to buy, but high costs hold them back. A new ServiceLink report shows 67% plan to buy in 2025, but rising rates are a major hurdle. ?? 4M-home shortage sparks action. Realtor.com? launches "Let America Build" to push for policies that boost home construction. ?? Watch "3 Things You Need to Know in Real Estate" now! ?? https://loom.ly/38-oAmA #MARIS #MLSProfitShare #ServiceLink #GenZHomebuyers #HomeShortage #Realtor #RealEstateNews #RealTrends #RealtorTips #3ThingsYouNeedToKnow

Consumer housing sentiment declines year-over-year for the first time since 2023. The Fannie Mae Home Purchase Sentiment Index dropped to 71.6, reflecting concerns over mortgage rates, job security, and personal finances. While 24% of consumers say it's a good time to buy, seller confidence dipped to 62%, signaling uncertainty in the market. ?? Also in the news: ?? Rocket Companies to acquire Redfin in a $1.75 billion all-stock deal, Redfin stock surges 80%. ?? A new trade group proposes an alternative to the Clear Cooperation Policy, sparking debate. ?? Watch "3 Things You Need to Know" now! ?? https://lnkd.in/gGHzghyS #Realtor #RealEstateNews #RealTrends #RealEstateBlogs #WeeklyRealEstate #RealtorTips #3ThingsYouNeedToKnow

The National Flood Insurance Program (NFIP) is set to expire on March 14, 2025, unless Congress passes an extension. A lapse means no new policies, and lenders may refuse loans in high-risk zones. Homebuyers should explore private insurance options now. ?? Real Brokerage (REAX) beat Q4 earnings expectations with a $350M revenue boost but remains a Zacks Rank #3 'Hold.' ?? $21M Elder Fraud Bust – 25 Canadians charged in a ‘grandparent scam’ targeting U.S. seniors. ?? Watch today's full real estate update: https://lnkd.in/gHbzN2jS #NFIP #FloodInsurance #Realtor #RealBrokerage #RealEstateNews #ElderFraud #RealtorTips #3ThingsYouNeedToKnow