Real Estate News Today

One in five LGBTQ+ respondents felt they were discriminated against because of their sexual orientation.  Nearly one-third (32%) of Black Americans who recently moved believe they were discriminated against based on their ethnicity or race during their home search, and an additional 22% believe they

Record-high monthly mortgage payments are motivating sellers to drop asking prices to attract buyers, who are unwilling to pay a dollar more than necessary for their new home.  Roughly one in 15 (6.5%) U.S. homes for sale had a price drop during the four weeks ending September 24, on average, up fro

AuthorSeb Frey.  Date: September 27, 2023 9:22 pm Agent Advice! Despite issues like affordability and heightened buyer competition the San Jose housing market continues to draw interest. The post San Jose California Housing Market – Trends for 2023-2024 appeared first on FastExpert.

NAR Supports SAFER Banking Act The SAFER Banking Act promotes safety and ensures economic expansion while providing clarity for professionals associated with the cannabis industry. Media Contact:  Tori Syrek Commercial & Investment Real Estate, Impact of Legalized Marijuana, Retail Properties

AuthorMike Jeppson.  Date: September 26, 2023 4:34 pm Palm Springs, CA is seeing change similar to the rest of the country. Get an agent’s perspective on how to handle the current market. The post What’s Happening in the Palm Springs Housing Market? appeared first on FastExpert.

Sacramento and Las Vegas, which grapple with extreme heat, are the most popular destinations for relocating homebuyers. Four of the 10 most popular are in Florida, which faces risk of hurricanes and flooding.  A record 26% of homebuyers are looking to move to a different part of the country, up from

The impact of a federal government shutdown on the economy and the U.S. housing market would likely be small, unless it lasts much longer than expected. It could temporarily bring down mortgage rates, which would boost homebuying demand–except in Washington, D.C., where many federal employees would

With monthly housing payments at an all-time high, would-be buyers are waiting for homes to become more affordable. But slightly more homeowners are listing their homes this month, providing a glimmer of hope for buyers who want more to choose from.  What homebuyers are doing: Waiting for homes to b

Existing-Home Sales Decreased 0.7% in August In August 2023, existing-home sales improved in the Midwest, were unchanged in the Northeast, and slipped in the South and West. Media Contact:  Troy Green 202-383-1042

The Fed increased projections for 2024 and 2025 rates at its September meeting, though it kept rates unchanged for now. That will likely keep mortgage rates higher for longer.  The Federal Reserve held interest rates steady at its September meeting, as expected, and acknowledged that the U.S. job ma

Nearly 80% of respondents to a recent Redfin survey support policies that promote homebuilding. But just one-third of them would feel positive about a large new apartment complex built near their home. Nearly four of every five (78%) respondents to a recent Redfin survey support policies that promot

AuthorBill Gassett.  Date: September 19, 2023 8:50 pm Land surveys are an essential component of every real estate transaction. Know the facts before you buy any property! The post What Is a Land Survey? appeared first on FastExpert.

AuthorKevin Bautista.  Date: September 19, 2023 5:53 pm A well-written real estate purchase agreement is a crucial shield that guards the interests of both buyers and sellers. The post How to Create a Win-Win Real Estate Purchase Agreement appeared first on FastExpert.

AuthorVivian Tejada.  Date: September 16, 2023 6:19 pm Selling your home is a significant decision, and the process can sometimes be stressful and time-consuming. Homeowners often face various challenges like costly repairs, the hassle of showings, and the uncertainty of a buyer’s financing falling

AuthorAmanda Dodge.  Date: September 16, 2023 1:48 am Some people enjoy the ease of a move-in ready house, while others want the challenge of a fixer-upper. When you buy a house that needs serious renovations, you must compare your potential down payment with the cost of getting the home in working

The United Auto Workers strike could hamper U.S. economic growth and potentially encourage the Fed to lower interest rates, which would bring down mortgage rates. But it could also increase car prices, pushing up inflation and motivating an interest-rate hike.  The United Auto Workers strike is bigg

Some homebuyers got cold feet as mortgage rates hit the highest level in over two decades and prices continued to rise, but buyer demand and new listings have stabilized following months of declines. Residential real estate deals are falling through at the highest rate in almost a year as high mortg

Mortgage rate locks for second homes are down nearly 50% from pre-pandemic levels, compared to a 33% drop for primary homes.  Mortgage-rate locks for second homes were down 47% from pre-pandemic levels on a seasonally adjusted basis in August, compared to a 33% decline for primary homes. August mark

7%-plus mortgage rates and increasing home prices have pushed the typical U.S. monthly mortgage payment to a record high, and sent pending home sales down 12% year over year.  What homebuyers need to know: It’s more expensive than ever to buy a home. The median monthly mortgage payment hit an all-ti

AuthorDeAngela Hudson.  Date: September 13, 2023 9:06 pm Agent Advice! Learn how to navigate a challenging real estate process and negotiate with an unreasonable seller. The post How to Negotiate With an Unreasonable Home Seller appeared first on FastExpert.