Real Estate News Today

AuthorAmanda Dodge.  Date: November 6, 2023 11:23 pm The Gen Z want to own their homes. An impressive 30% of 25-year-olds currently own their homes, beating out 28% of millennials and 27% of Gen Xers when they were 25. Gen Z makes up people who were born between 1997 and 2012, which means many membe

AuthorAmanda Dodge.  Date: November 4, 2023 4:40 pm There are several reasons to consider buying a second home. You can buy a vacation house that your family will escape to on long weekends and over summer break, or you can pick up an investment property that supports you financially in the long run

The latest labor-market report closes out a week of good news for mortgage rates.  The October jobs report shows slower-than-expected growth in the labor market, which has already pushed interest rates down and driven mortgage rates down to 7.36%, their lowest level since mid-September.  This labor-

12,000 Realtors® at NAR NXT Annual Conference & Expo REALTORS® from across the country and the world will converge on Anaheim, California, November 14–16 for 2023 NAR NXT, The REALTOR® Experience. Media Contact:  Troy Green 202-383-1042

Luxury home prices rose 9% to the highest third-quarter level on record, growing nearly three times faster than non luxury prices. Luxury sales and listings also held up relatively well—a reversal from last year—as a rising share of high-end buyers escaped the pain of high mortgage rates by paying i

Budgets are getting some relief right now, with daily average rates dropping considerably from 8% to 7.5% over the last week. Nearly 7% of for-sale homes posted a price drop during the four weeks ending October 29, on average, the highest portion on record. The record comes as mortgage rates hover a

AuthorKelsey Heath.  Date: November 3, 2023 5:32 am The moment your real estate agent submits your official home offer marks the start of the anxious waiting game. As a hopeful buyer, you’ve invested time and energy touring listings, strategizing terms, and determining your maximum budget to purchas

NAR Announces Leadership Transition Nykia Wright appointed NAR interim CEO starting Nov. 20; Bob Goldberg to serve as executive consultant. Media Contact:  Wes Shaw

AuthorAmanda Dodge.  Date: November 2, 2023 1:52 am As you start to search for houses in your desired area, you will quickly see how different their conditions are. Some houses have brand-new carpet and fresh paint, making them move-in ready for anyone who is interested in the property. Other houses

The U.S. treasury announced they’re going to issue less long-term debt than expected and the Fed held interest rates steady. Those two events brought rates down a bit–at least temporarily.  Mortgage rates came down slightly today, with the daily average 30-year rate dipping to 7.69%, its lowest leve

AuthorJason Thoele.  Date: November 1, 2023 6:19 pm Navigate the real estate market with confidence. Gain information and understanding with this comprehensive guide from a real estate expert! The post Realtor Guide: How to Navigate the Current Real Estate Market appeared first on FastExpert.

AuthorAmanda Dodge.  Date: November 1, 2023 5:37 am In most cases, the appraisal will be a standard part of the home selling or refinancing process. Buyers are required to schedule appraisals when they secure financing from mortgage lenders, and homeowners need to get their home reappraised if they

A jury today issued a verdict in the Sitzer-Burnett federal class-action lawsuit finding that the National Association of Realtors and major real estate franchisors conspired to inflate real estate commissions, by requiring home sellers to offer a commission to the agent representing a buyer, as a p

7 Tech Companies Selected for 2024 REACH Canada Program The 2024 cohort of companies offers a remarkable range of diverse solutions that leverage REACH’s rapidly expanding global presence. Media Contact:  Spencer High 202-383-1051 Real Estate Technology

NAR 2024 Statistical and Forecast News Release Schedule NAR’s 2024 statistical and quarterly economic forecast news release schedule is now available. Media Contact:  Troy Green 202-383-1042

New builds are taking up a growing share of the pie as builders attract buyers with concessions, and surging mortgage rates prevent existing homeowners from selling. Nationwide, 30.6% of U.S. single-family homes for sale in the third quarter were new construction—the highest share of any third quart

AuthorMargo Christophilis.  Date: October 30, 2023 6:52 pm Essential questions to ask yourself before buying a house, and you’ll be better equipped to make the right decision for your dream home. The post 10 Questions to Ask Yourself Before Buying a House appeared first on FastExpert.

When the 10-year treasury yield increases, mortgage rates increase. Several factors are causing the treasury yield to rise, including a resilient job market and consumers spending freely on things like Taylor Swift concerts and tickets to the Barbie movie.  The average 30-year mortgage rate hit 7.79

AuthorKelsey Heath.  Date: October 30, 2023 5:23 am Gone are the days when getting a loan to buy a property meant strolling into your local bank, sitting down with a banker, and getting set up with a mortgage. Today, there are far more options for home buyers and investors, and often it comes down t

NAR Announces Partnership With IRAR Trust Company IRAR provides discounted self-directed IRAs and solo 401(k) accounts to NAR members, their families, and association staff at all levels of NAR. Media Contact:  Spencer High 202-383-1051