The shift has begun — but rate hikes won’t be housing’s Achilles’ heel

Experts expect home sales and price growth to slow down, but they don't think rising rates will knock everyone out of the market.

Gen Zers Are Buying Homes. Here’s Where They’re Looking.

Priced out of large metro areas, many young adults are seeking mortgages in midsize cities, new research shows.

They Had Three Months to Find a Two-Bedroom in Brooklyn. Would It Be a Condo or Co-op?

When their landlord opted not to renew their lease, a couple scrambled to find a new apartment with two bedrooms, two bathrooms and some outdoor space to support their ‘plant habit.’ Here’s what they found.

Broker Spotlight: Kama Burton, CMB Realty Services

This week's spotlight shines on Kama Burton, broker-owner of CMB Realty Services, philanthropist, educator and mentor.

5 practical ways to give your teams the hands-on support they need

Welcome to Inman's newest video series. @Properties executives Amy Corr and Kevin Van Eck give their top five tips on how brokerages can best support their teams.

3 leadership shifts that can propel your brokerage forward

The game has changed in many ways, and your leadership focus should change with it. Marion Weiler offers advice to help you meet the new needs of your agents and staff.

What the early census numbers say about moving patterns

There's a widespread belief that Americans have all packed up and moved because of the pandemic. At face value, it's quite credible, according to Windermere Real Estate Chief Economist Matthew Gardner, especially given the level of 2021 home sales. But the reality, at least from the data we've received so far, actually tells a different story.

Helping real estate clients choose their ideal neighborhood

Neighborhood quality is subjective, yet Realtors cannot recommend a neighborhood or steer clients into or out of a particular neighborhood, according to broker Teresa Boardman. Here's what to do instead.

Your unique service proposition differentiates you. Here’s how to communicate it effectively

Agents must effectively and efficiently communicate the value they bring, and the best way to do that is by differentiating yourself from 1.5 million other agents with truly stellar service and communication.

KW mega team Livian expands reach in New England with merger

Keller Williams' two top-performing teams in New England have merged, according to a joint announcement on Wednesday. Connecticut-based The Miale Team has joined Livian, the Vermont-based mega team that Keller Williams purchased an ownership stake in last October.

Price gains in ‘opportunity zones’ keep pace with national hikes

Census tracts chosen for preferential tax treatment in 2017 tax bill are seeing prices rise, have attracted buyers priced out elsewhere.

Love connection: Homebuyer match app expands into 2nd market

LandOnEarth, an app that matches homebuyers with listings based on their lifestyle preferences, aims to match buyers with their dream home faster.

The broker’s dilemma: ‘What if I train them and they leave?’

A solid training and development program is quite likely to improve retention, as well as attract new talent, according to broker Jay Thompson. Although you may lose someone occasionally, you’re also going to have happier, more satisfied agents — as well as clients — working for and with you.

Open offer platform Doorsey kicks in the Nashville market

Auction-style homebuying platform Doorsey has officially opened another market with its second sale in Nashville, Tennessee.

Is It Time To Put Modern Farmhouse Style Out to Pasture?


“House Party” is the official Realtor.com® podcast about the overlapping worlds of home and pop culture, hosted by Rachel Stults and Natalie Way. Click the player above to hear our take on this week’s hot topics.

Real Simple senior editor Katie Holdefehr joins us for a deep dive into one of the most pervasive home design trends ever, modern farmhouse. It’s a contentious topic—some people love it, others hate it—and we’re here to break it all down and ask the ultimate question: Is modern farmhouse past its prime?

We explore why modern farmhouse became so popular, the most egregious modern farmhouse furnishings (we’re looking at you, Mason jars), and how it’s evolved over the past decade.

Is It Time To Put Modern Farmhouse Style Out to Pasture?
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Keller Williams’ lending arm, Keller Mortgage, posts new round of layoffs

The scale of the latest round is unclear, but more than a dozen Keller Mortgage employees posted notices on LinkedIn Tuesday that they'd been laid off, with some describing the cuts as "huge."

REX pivots to single-family rental market as its Hail Mary

Nearly two weeks after mass agent layoffs and the closure of two offices, controversial discount brokerage REX has yet to throw in the towel.

Home that inspired ‘The Conjuring’ sells for 27% above asking

The home — which dates to approximately 1736 — conjured up a $1.525 million sale price after listing for just $1.2 million. The buyer was Jacqueline Nuñez, a real estate developer from Boston.

What’s the difference between a Home Equity Loan, HELOC, and Credit Cards

A Home Equity Loan and a Home Equity Line of Credit (HELOC) are not the same thing. In general, a home equity loan is a better financial tool for most consumers. Both are ways to finance large expenses by borrowing against the equity in your home minus closing costs. Equity is the difference between what you owe on your mortgage and what your home is worth. The keywords here are that these are ways to finance large expenses.

Some homeowners treat a home equity loan or HELOC like a credit card by using their home as collateral. Especially a HELOC. Particularly high risk is taking out a line of credit against the equity in their home to pay off high-interest credit cards with a low-interest HELOC. This is seldom a good idea. If you are having trouble paying off credit cards, do you want to put your homeownership at risk to pay for last summer’s wardrobe or too many dinners out? Credit cards are unsecured loans. If you fail to repay money borrowed on credit cards, it will hurt your credit score, but they cannot come after your home. If you move those credit charges over to an equity loan, you have agreed that the lender can foreclose on your home if you fail to repay the money. You want to use the equity in your home in financially smart ways.

What is a HELOC?

A HELOC is very much like a credit card except it is a secured loan instead of an unsecured loan. Like a credit card, you can continue to borrow against it, up to the credit line. As you repay part of the loan, you can borrow that money again at some time in the future. You pay interest only on what you borrow. The fact that it is so much like a credit card is what gets some consumers into serious credit trouble that can cost them their homes. Instead of using a credit card to pay for an occasional night out, the much higher credit limit on a HELOC lets them charge a two-week vacation that they otherwise could not afford.

A HELOC allows you to borrow up to 85% of your home equity. Unlike most home equity loans, a HELOC has a variable interest rate that will change periodically based on market conditions. This makes a HELOC less desirable and riskier during times of rising interest rates like we are experiencing now.

There are two distinct phases to a HELOC. The draw phase and the payback phase. During the draw phase, you spend the money however you want and only make minimum payments or interest-only payments. If you still have more equity in your home, you can usually refinance your HELOC to extend the draw phase.

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