As 2024 winds down, it's the perfect time to look back at the standout stories, exciting trends, and valuable insights in the real estate industry this year. From hot market tips to inspiring home transformations, Realty Today has been your go-to source for all things property.
Here's a highlight of our top 10 articles for 2024.
1. Mormon Church Buys 46 Additional Farms Across Eight States for $289M, Becomes a Major Player in US Agriculture
The Mormon Church has bought 46 farm plots in eight states for $289 million, making it a major landowner in US agriculture. Through Farmland Reserve Inc., the church now owns over one million acres and plans to lease the land to local farmers to keep it productive. This expansion makes the church one of the largest private landowners in states like Nebraska and Florida.
2. A Look Inside Diddy's $61.5M Beverly Hills Mansion Raided by Homeland Security
Earlier this year, Sean "Diddy" Combs listed his 17,000-square-foot Holmby Hills mansion in Beverly Hills for $61.5 million. That mansion was caught in legal troubles, including a Homeland Security raid related to sex trafficking allegations.
The luxurious property includes multiple kitchens, a private theater, a guest house with a gym, and extensive outdoor features like a swimming pool and basketball court. Diddy struggled to find a buyer until November, when a prospect put in an offer for $30 million---less than half the asking price.
3. 3 Things You Should Never Say to Your Real Estate Agent When Buying a Home
Understanding what not to share with a real estate agent can empower homebuyers to negotiate more effectively and secure better deals. By following these tips, readers can avoid common pitfalls that might weaken their bargaining position. This, in turn, ultimately makes the home-buying process smoother and more successful.
4. Home Prices Plummeting in US Boomtowns, Especially in These 10 Popular Places
Home prices for houses listed for sale are dropping in several U.S. cities that had high sales during the COVID-19 pandemic. In some areas like Miami, prices fell by up to 12% over the past year due to more homes being available and less demand from buyers. Factors such as higher living costs, insurance rates, and events like Hurricane Milton in Florida are contributing to these price decreases.
5. 5 Things Real Estate Agents Should Never Do in Cold Calls
Understanding the common mistakes in cold calling is incredibly valuable for real estate agents aiming to build meaningful connections with potential clients. By emphasizing relationship-building over just securing listings and maintaining professionalism, agents can foster trust and establish long-lasting partnerships with homeowners.
Additionally, being mindful of timing and demonstrating genuine knowledge about properties show clients that agents truly care about their needs
6. These 3 Housing Markets Will See Plummeting Home Values by 2029
In 2024, the U.S. housing market has seen median home prices rise to $429,971, and mortgage rates stay high at 6.85%, making it difficult for many Americans to buy or move. A limited number of homes for sale has pushed millions of potential buyers out of the market, leaving them stuck in their current homes.
However, experts expect that by 2029, home values in cities like Austin, Boise, and Orlando may decrease due to factors such as an oversupply of homes and changes in the local economies.
7. Diddy's $61.5M Beverly Hills Mansion Struggles to Sell as Potential Buyers Are 'Creeped Out' With Its 'Ick Factor'
Last month, Sean "Diddy" Combs had trouble selling his $61.5 million Beverly Hills mansion months after it was raided by Homeland Security agents. According to TMZ, very few buyers were interested because the price was too high. Those were in addition to the serious allegations against Diddy, including multiple sexual assault lawsuits.
8. 5 Mistakes To Avoid When Handling Deceased Family Members' Estates
Handling a loved one's estate after they pass away can be overwhelming, but avoiding common mistakes can make the process go easier and smoother.
The article highlights five key errors to steer clear of, such as sorting through every single item, not consulting an appraiser, neglecting storage areas like attics and basements, selling items to dealers for less than their value, and ignoring the deceased's debts.
9. Avatar Actor Sam Worthington, Wife Accused of Trashing Rented Loft, Wrecking $115,000 Charles Gwathmey Table
Actor Sam Worthington and his wife, Lara, were accused of damaging their rented loft in Chelsea, NY, including destroying a valuable table worth about $115,000. Their landlord, Eric Steel, has filed a lawsuit seeking $300,000 in damages. On the other hand, the Worthingtons claimed the damages were much less and have offered to pay more than the repair costs.
10. NYC Landlords Now Banned From Forcing Tenants To Pay Thousands of Dollars in Real Estate Broker Fees
New York City recently passed the Fairness in Apartment Rentals Act (FARE), which stops landlords from forcing tenants to pay real estate broker fees. Instead, landlords or their management companies will cover these costs.
Looking Ahead to 2025
The real estate world is bound for exciting changes in 2025. Follow Realty Today across your socials for the latest news, tips, and insights to help you navigate the real estate market.
A huge thank you to our readers for making 2024 such a fantastic year. Your support and engagement inspire us every day, and we're thrilled to continue providing you with valuable content and resources in the coming year.
