Real Estate News Today

Call for More Inclusive Access to Homeownership Households of color continue to experience disproportionate challenges in pursuit of the American Dream and its promised benefits. Media Contact:  Patrick Newton 202-383-1290 Mortgage Financing

That’s $260 per month for the typical homebuyer—the largest savings since at least 2015. As mortgage rates surge, demand for adjustable-rate mortgages is on the rise because they typically have lower interest rates than 30-year fixed loans. The typical homebuyer could save an estimated $15,582 over five years, or roughly

Existing-Home Sales Retract 2.4% in April Existing-homes sales fell again slightly in April, with two regions of the U.S. posting gains and the other two regions recording a dip in sales. Media Contact:  Quintin Simmons 202-383-1178

AuthorAndrew Te.  Date: May 18, 2022 9:03 pm The average realtor commission rate in Michigan for 2022 is about 6%. This is higher than the national average of 5.49%. The post What is the Average Realtor Commission in Michigan for 2022? appeared first on FastExpert.

AuthorAndrew Te.  Date: May 17, 2022 5:58 pm You own a home or property in Orlando, Florida that you are ready to sell. You don’t want some long-drawn-out process of waiting and back and forth, you just want it done. One option is to list at a super low price

The homeownership rates for both Black and white families rose slightly over the last 10 years, with part of the increase taking place during the pandemic.  The racial homeownership gap persists. The homeownership rate for Black families rose only slightly over the last decade, with part of the increase taking

NAR Statement on President Biden’s Housing Supply Plan NAR welcomes the administration’s work on this effort and encourages policymakers to look at comprehensive action. Media Contact:  Patrick Newton 202-383-1290

Sky-high prices, loan-fee increases and financial-market weakness are putting a dent in demand for vacation homes, which soared during the pandemic. There’s still more demand for second homes than there was before the pandemic. Demand for vacation homes is way down after last year’s pandemic-driven boom.  Mortgage-rate locks for second

AuthorAndrew Te.  Date: May 13, 2022 1:22 am What is a bump clause? A provision that allows the original buyer to match any offer made by a subsequent buyer. Learn more about real estate bump clauses here! The post What is a Bump Clause in Real Estate? appeared first on

Demand for homes is falling, but homes are still selling fast as the buyers who remain rush to beat rapidly rising mortgage rates. The typical home for sale found a buyer in 15 days, the fastest pace on record, during the four-week period ending May 8. Meanwhile, pending sales fell

NAR Applauds Julia Gordon FHA Commissioner Confirmation Julia Gordon’s accomplished career in real estate has prepared her to lead the FHA at a time when housing in America is at somewhat of a crossroads. Media Contact:  Wesley Shaw 202-383-1193

AuthorSteph Matarazzo.  Date: May 12, 2022 1:31 am Zillow is a free site where users can list homes and properties for sale or rent. Zillow gets roughly 36 million unique monthly visitors and ranks as the most popular real estate website in the US. But it’s free to use, so

AuthorSteph Matarazzo.  Date: May 10, 2022 6:24 pm If you’re serious about buying a home, you probably know how difficult it can be. When the market is hot a buyer might make multiple offers before getting a signed contract. So how can you make your offer more attractive to home sellers

Homebuying is as competitive and costly as ever as soaring mortgage rates make the market less inviting for many would-be sellers. The share of home sellers who dropped their asking price shot up to a six-month-high of 15% for the four weeks ending May 1, up from 9% a year

REALTORS® Discuss Top Emerging Tech Trends The metaverse and blockchain technology could have a significant impact on the future of real estate. Media Contact:  Spencer High 202-383-1051 Technology

Commercial Real Estate Market Expected to Grow While rising interest rates pose a risk to economic growth, commercial markets are expected to perform well, especially in the short term. Media Contact:  Troy Green 202-383-1042 Commercial & Investment Real Estate

Lawrence Yun Predicts Uncertainty for Housing Market While housing supply appears to be on the upswing and new construction is rising, inflation will persist and cause strain for would-be buyers. Media Contact:  Quintin Simmons 202-383-1178 Residential

An influx of people moving into Phoenix, Tampa and Atlanta has led to rapidly rising home prices, one contributor to outsized inflation in those areas. Those Sun Belt metros are still relatively affordable, but scores of new residents and high inflation means the financial benefit of living there is diminishing. 

In Q1 2022, 70% of Metros Saw Double-Digit Price Rise With sustained price appreciation and higher mortgage rates, affordability worsened in the first quarter of 2022. Media Contact:  Quintin Simmons 202-383-1178

Realtors® Focus on Inventory and Fair Housing Solutions During a panel discussion, NAR’s leadership team discussed the top issues in real estate with three NAR policy experts. Media Contact:  Emily Newman 202-383-1287 Fair Housing