Real Estate News Today

Forecast: Existing-Home Sales Will Rise 15% in 2024 Elevated mortgage rates, high home prices and limited housing inventory are making the dream of homeownership difficult for Americans. Media Contact:  Lauren Cozzi 202-383-1178

AuthorAmanda Dodge.  Date: November 15, 2023 7:07 am For countless Americans, a monthly mortgage payment is a standard part of owning a home. They set aside part of their paychecks each month for their mortgages and occasionally hold off on other luxuries until they have a little extra money to spen

NAR Advocacy Policy Priorities Outlined NAR’s priorities include improving access to homeownership, expanding economic opportunities, and promoting NAR research to inform policymaking.

Distinguished Service Award Presented to Mike McGrew Mike’s commitment to the local, state, and national levels of NAR and his charitable work epitomizes the Distinguished Service Award. Media Contact:  Troy Green 202-383-1042

Distinguished Service Award Presented to Greg Herb Greg has had a tremendous impact on the real estate industry through his trailblazing accomplishments and service to his fellow REALTORS® nationwide. Media Contact:  Troy Green 202-383-1042

AuthorAmanda Dodge.  Date: November 14, 2023 5:43 pm The equity in your home is the value of the property after you subtract your remaining mortgage. The more you pay off your home loan, the more your equity grows. However, there are other ways to increase your home equity. In a seller’s market, you

Serious homebuyers should be on the lookout for a good time to lock in a lower mortgage rate–and now could be that time. The October inflation report has already pushed mortgage rates down to 7.4% from nearly 7.6% the day before. Good inflation news. Headline inflation was unchanged from the month b

Sellers are handing out freebies to woo buyers, who have become increasingly likely to back out of deals as mortgage rates have climbed. Home sellers gave concessions to buyers in 35% of U.S. home sales during the three months ending Oct. 31, little changed from 35.9% one year earlier but up from 27

AuthorCindy Chen.  Date: November 13, 2023 6:29 pm 10 tips to transform your entryway! Make the most of the available space and infuse your personal style into your small entryway decorating. The post Small Entryway Decorating Ideas That Will Wow appeared first on FastExpert.

Typical Home Buyer’s Household Income at Record High Buyer income annual increase of 22% is largest on record (from $88,000 in 2022 report); down payments jumped to highest percentages in two decades. Media Contact:  Lauren Cozzi 202-383-1178 Working With Buyers, Working With Sellers, Working With F

Redfin is making it easier for buyers to discover new construction homes! This week we added more than 40,000 new construction listings to Redfin’s website and apps, allowing our customers to browse a broader range of homes for sale. Combined with new construction listings from the MLS, Redfin now o

Majority of Metro Areas Saw Home Price Gains in Q3 2023 Eleven percent of the tracked metro areas saw double-digit price increases in Q3 2023, and the 30-year fixed mortgage rate ranged from 6.81% to 7.31%. Media Contact:  Troy Green 202-383-1042

Mortgage-purchase applications are up 3% week over week as homebuyers act on a few pieces of buyer-friendly news: Mortgage rates have dropped from 8% to 7.4% in the last few weeks, there are more homes for sale than there have been all year, and price drops are at a record high.  Mortgage rates are

Nationwide, investor purchases fell 30% year over year to the lowest third-quarter level in seven years, as rising mortgage rates, high home prices and a lackluster rental market made investing less attractive. Investor purchases of U.S. homes dropped 29.7% year over year in the third quarter to 48,

AuthorKevin Bautista.  Date: November 8, 2023 5:22 pm Shipping container homes are relatively safe and affordable, but be aware of the drawbacks before buying a container house of your own. The post Are Shipping Container Homes Safe? appeared first on FastExpert.

Asking rents were little changed from a year earlier for the seventh-straight month as an increase in new units hitting the market drove up vacancies, making it harder for landlords to raise prices. The median U.S. asking rent in October was $1,978, little changed (-0.3%) from a year earlier, but do

The share of homes bought in all cash hit its highest level since 2014 in September as elevated mortgage rates made paying in cash more attractive and priced out many buyers who would need loans. The number of all-cash sales was still down 11% from a year ago because the overall housing market has s

NAR Unveils Flood Disclosure Tracker The tracker aims to educate the public and Congress as it considers FEMA’s legislative proposals to reform the National Flood Insurance Program. Media Contact:  Tori Syrek Flood Insurance

AuthorMike Jeppson.  Date: November 7, 2023 4:44 pm Getting your home offer accepted in today’s market requires more than just a good credit score. Personalize your strategy to the seller… The post How to Get Your Home Offer Accepted in Today’s Market appeared first on FastExpert.

AuthorAmanda Dodge.  Date: November 6, 2023 11:28 pm Navigating the death of a loved one can be emotionally exhausting and overwhelming. Not only are you trying to process the loss, but you also likely have an endless list of tasks as you work through their assets and debts. Inheriting a house can b