Real Estate News Today

AuthorAmanda Dodge.  Date: December 27, 2023 12:38 am Moving is a natural part of life. While most conventional mortgages last 30 years, very few people stay in the same home for that length of time. On average, people stay in their homes for eight years, with nearly half of Americans (47%) moving w

AuthorKelsey Heath.  Date: December 27, 2023 12:31 am Do you really need a real estate agent to buy a house? It’s a fair question, especially in a world where you can find properties through online portals and directly arrange inspections with selling agents. So, why should you work with a real esta

AuthorKelsey Heath.  Date: December 27, 2023 12:25 am The median price of homes across the United States has increased rapidly over the past few years. Despite historically high interest rates, housing prices across many markets remained resilient, and prices are still high. As of the end of 2023, t

NAR Opposes DOL’s Proposal to Rescind AHP Regulations “Our association will be filing detailed comments laying out our strong objections to this proposal,” said NAR President Tracy Kasper. Media Contact:  Tori Syrek Health Care Reform

That’s the lowest share on record, down from 21% in 2022 and over 40% before the pandemic homebuying boom. White households had three times more affordable options than Black households this year. Housing affordability is expected to improve in 2024 as mortgage rates fall and more homes go up for sa

That’s the lowest share on record, down from 21% in 2022 and over 40% before the pandemic homebuying boom. White households had three times more affordable options than Black households this year. Housing affordability is expected to improve in 2024 as mortgage rates fall and more homes go up for sa

Listing consults with Redfin agents have risen significantly since rates began to fall last month. Our economists expect buyers will take advantage of lower rates and more listings in the new year, after the typical holiday slowdown.  This week’s falling mortgage rates, sizable year-over-year increa

Existing-Home Sales Expanded 0.8% in November A marked turn in existing-home sales can be expected as mortgage rates have plunged in recent weeks. Media Contact:  Troy Green 202-383-1042

AuthorAmanda Dodge.  Date: December 19, 2023 9:32 pm One of the tenets of real estate is that you shouldn’t sell your house until you can at least break even on the sale. While this isn’t always possible, it guides homeowners to do the math on the current value of their home minus any closing costs

AuthorAmanda Dodge.  Date: December 19, 2023 9:25 pm It is extremely important to get along with your real estate agent during the buying and selling process. You will talk to this person almost daily until your closing appointment and will have to work through complicated financial decisions with t

AuthorDesiree Arredondo.  Date: December 19, 2023 6:22 pm Selling your home to an investor? Check this out first and determine if a real estate investor or traditional buyer is best for you. The post Selling Your Home to an Investor vs. Listing with an Agent appeared first on FastExpert.

The Wisconsin Senate Committee on Government Operations is considering a bill to ensure homeowners who sell their homes “For Sale by Owner” (FSBO) can advertise on Redfin and other real estate sites. Redfin supports this bill. It gives sellers more choice and ensures buyers are able to discover rele

U.S. home prices rose 0.6% from a month earlier, the smallest increase since June, as a jump in homes for sale gave buyers more options. That’s according to the Redfin Home Price Index, which is similar to but more current than the Case-Shiller index. U.S. home-price growth slowed for the third stra

If you are looking to buy or sell your house, you will quickly discover dozens of companies that claim to offer better experiences for you. These online brands promise to streamline the stressful real estate process as an alternative to hiring a traditional real estate agent. However, most of these

AuthorAmanda Dodge.  Date: December 17, 2023 1:13 am If you are looking to buy or sell your house, you will quickly discover dozens of companies that claim to offer better experiences for you. These online brands promise to streamline the stressful real estate process as an alternative to hiring a t

More homes are changing hands as mortgage rates drop and buyers and sellers see more eye to eye on price. Still, deals are falling through at the highest rate on record due to lingering economic uncertainty, and some metros continue to see price declines. New listings and pending home sales both cli

This week has brought a few pieces of good news to the housing market: Mortgage rates are dropping, new listings are rising and mortgage-purchase applications are up nearly 20% from their November low point.  Daily average mortgage rates have fallen to 6.82%, their lowest level since May. This marks

The Fed’s forecast that it will cut interest rates three times in 2024, up from a previous projection of two times, is already helping with housing affordability. Daily average mortgage rates dropped to 6.82% after the Fed meeting.  The Fed held interest rates steady at its December 13 meeting, as e

NAR Forecasts 4.71 M Existing-Home Sales in 2024 Annual median home prices are expected to remain largely unchanged at the national level in 2024, modestly improving affordability from rising income. Media Contact:  Lauren Cozzi 202-383-1178

NAR Announces Partnership With SnoopDrive NAR members will receive significant discounts on automotive products, such as warranties and mishap coverage. Media Contact:  Spencer High 202-383-1051