Real Estate News Today

The median U.S. asking rent fell 2% year over year in November—the biggest decline since 2020—as landlords grappled with rising vacancies due to a building boom in recent years. But rents are still rising in the Midwest, partly because out-of-towners are moving in to get more bang for their buck.  T

AuthorAmanda Dodge.  Date: December 11, 2023 4:57 am The average seller pays between 5-6% of the home sale price in real estate commission. Considering the median sale price in the United States is $431,000 as of fall 2023, many sellers will pay between $21,000 and $25,000 in Realtor commissions. Th

AuthorAmanda Dodge.  Date: December 11, 2023 4:55 am We Buy Ugly Houses claims to be the number one cash home buyer in the United States. The company has purchased more than 140,000 homes in its 25-year history and has franchises across the country. They say this is a great alternative to listing yo

AuthorAmanda Dodge.  Date: December 11, 2023 4:49 am Every year, countless property owners spend hours and thousands of dollars preparing their homes for sale. The average homeowner will spend around $5,400 on repairs and upgrades to get their home ready to be listed on the real estate market. Howev

AuthorAmanda Dodge.  Date: December 8, 2023 7:05 pm If you are interested in buying a house but worried about affordability, know that you are not alone. According to a survey of 2,000 Americans, 87% of people are worried about the cost of housing while 55% say they cannot afford to buy homes at the

Freddie Mac’s Expansion of Condo Project Advisor Tool NAR President: On behalf of the 1.5 million members of NAR, we thank Freddie Mac for expanding this tool. Media Contact:  Tori Syrek Condominiums, Fannie Mae & Freddie Mac (GSEs), Residential Real Estate

AuthorKelsey Heath.  Date: December 8, 2023 7:52 am Whether you’re a first-time homebuyer or a seasoned seller – paying a real estate agent’s commission can make you wince. After all, we’re talking thousands of dollars. When you see that big commission percentage on the listing agreement, it’s natur

AuthorCaitlin Hamilton.  Date: December 7, 2023 5:38 pm FSBO home sell for less! Here’s 7 reasons why you need a Realtor. 1. Agents keep you safe 2. Agents put more money in your pocket The post Supercharge Your Selling Journey: 7 Reasons Why You Need a Realtor appeared first on FastExpert.

Today, Redfin is making it a little easier to see the potential in your future home! Introducing Redfin Redesign, an AI-powered tool that lets you change the appearance of walls, floors and countertops in home photos. Redfin Redesign is powered by Roomvo, a leading home visualization platform. It wa

A homebuyer with the median U.S. income would’ve had to spend a record 41% of earnings on monthly housing costs in 2023, up from 39% in 2022 and 31% in 2021. The least affordable markets were Anaheim and San Francisco, where homebuyers with the typical local income would’ve needed to spend over 80%

Prices are falling from a year ago in four Texas metros–Austin, San Antonio, Houston and Fort Worth–and in Portland, OR. Redfin predicts price declines will become more widespread in the new year. Homebuying is becoming more affordable as mortgage rates continue declining. The median U.S. housing pa

AuthorAmanda Dodge.  Date: December 6, 2023 7:46 am Your mortgage lender might need extra forms before approving your loan, or you could receive unexpected news in your home inspection. One of the scariest issues is the discovery of foundation issues on a property. This could mean that the house is

AuthorAmanda Dodge.  Date: December 6, 2023 2:17 am According to the FBI, more than 11,700 Americans were victims of real estate scams in 2022. These scams varied in size and strategy, but they all managed to take money from people who were trying to buy and sell their homes. Victims lost a combined

SCV Opens Applications for 2024 REACH U.S. Program The strategic investment arm of the National Association of REALTORS® has opened applications for the 2024 U.S. REACH technology growth program. Media Contact:  Spencer High 202-383-1051 Real Estate Technology

NAR Announces New Head of Marketing and Communications Suzanne Bouhia, former Ernst & Young (EY) Chief Communications Officer for the Americas, will lead communications, marketing, and branding… Media Contact:  Wes Shaw

Listings will rise and prices and rates will fall. But high housing costs will remain a problem for young families, which will increase demand for large rentals and force President Biden to make affordability a cornerstone of his reelection bid.  We’re starting to see signs of a shift toward a buyer

Pending Home Sales Fell 1.5% in October During October 2023, mortgage rates were at their highest, and contract signings for existing homes were at their lowest in more than 20 years. Media Contact:  Lauren Cozzi 202-383-1178

The median monthly mortgage payment has declined more than $150 from its peak to its lowest level since August. Another piece of good news for buyers: New listings are seeing their biggest year-over-year increase since summer 2021. Housing payments have declined for the fifth week in a row. The typi

AuthorKelsey Heath.  Date: November 30, 2023 5:24 am For many homeowners, the equity built up in their house over time represents a significant yet often underutilized financial resource. The hard-earned equity in your home can do more than just sit there passively – you have options to leverage it

AuthorKelsey Heath.  Date: November 30, 2023 5:10 am There’s an innate curiosity that comes with seeing an estimated dollar value attached to our biggest asset. But for those truly looking to understand their home’s market worth, the pressing question becomes: is a Zestimate accurate? We’ve all chec