Real Estate News Today

Keisha Lance Bottoms, Ja’Ron Smith Headline RLM Forum Ms. Lance Bottoms and Mr. Smith shared their insight and expertise on fair housing issues, giving their take on the current political environment. Media Contact:  Patrick Newton 202-383-1290 Fair Housing

NAR Showcases New Implicit Bias Certificate Course The course helps real estate professionals interrupt stereotypical thinking so they can avoid fair housing pitfalls. Media Contact:  Patrick Newton 202-383-1290

AuthorSteph Matarazzo.  Date: April 29, 2022 3:43 pm Buying a home is exciting, but it can also be stressful – especially when you have questions about the steps involved. One common question is whether or not you need to have a home inspection done. While some think that this step

Home sellers and buyers are retreating at similar rates, resulting in a housing market that remains very competitive even as it slows. The typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. Redfin’s

AuthorDesiree Arredondo.  Date: April 28, 2022 1:39 am Find out if Chicago is a good place for real estate investment Chicago, the Windy City, a financial hub, and a thriving, modern city, could be the ideal place to invest today. As a city of almost 2.7 million, Chicago has much

Inaugural Fair Housing Champion Award Winners Announced Winners recognized for making a difference in their businesses and communities as they help expand homeownership to buyers of all backgrounds. Media Contact:  Wesley Shaw 202-383-1193 Fair Housing

Pending Home Sales Sag 1.2% in March Month-over-month, contract signings increased in the Northeast and fell in the other three regions of the U.S. Media Contact:  Quintin Simmons 202-383-1178

Homes are much less affordable than they were a year ago due to skyrocketing prices and surging mortgage rates–especially in Sun Belt metros like Tampa, Phoenix and Las Vegas.  Homebuyers in nearly every part of the country have felt the impact of surging housing prices since the start of the

The two Sun Belt states—which have gained more residents than any other state during the pandemic—are getting hit hardest by FEMA’s price hikes. By comparison, 81% of FEMA policyholders overall are seeing costs increase as a result of the agency’s insurance overhaul. Texas and Florida face substantial flood risk, and

65% of home offers faced competition in March, down from 67% in February, as more buyers moved to the sidelines. Sixty-five percent of home offers written by Redfin agents faced competition on a seasonally adjusted basis in March, down from a revised rate of 66.7% in February. That’s the first

As skyrocketing housing costs and remote work continue to drive a record share of homebuyers to relocate, house hunters are more eager than ever to understand internet connectivity at their potential new home. That’s why every home in the U.S. on Redfin.com now includes data about the internet service providers,

REALTORS® See Big Increase in Homes with Green Features Half of agents and brokers surveyed said they helped a client buy or sell a property with green features during the past 12 months. Media Contact:  Spencer High 202-383-1051 Sustainability

AuthorDesiree Arredondo.  Date: April 22, 2022 5:38 pm Pricing a home for sale fairly is not an easy task for the average homeowner. You set the price too high and your property may sit on the market for months. The post What is a Comparative Market Analysis in Real Estate

Redfin’s Homebuyer Demand Index fell for the first time since June, and the share of home sellers dropping their asking price was the highest in five months. Homebuyer demand softened further over the last several weeks as a typical slump in buying and selling over Easter and Passover weekend amplified

AuthorAndrew Te.  Date: April 20, 2022 5:53 pm Looking for a new home is both exciting and challenging. It can be very challenging to find a home that fits all your needs and wants. Most people realize quickly that whether you buy a new or old home you’ll have to

With sky-high prices and rising mortgage rates, each square foot of space costs more than ever before. Buyers are compromising by turning to smaller homes. Americans are buying smaller homes than they were at the height of the pandemic. The typical U.S. home that went under contract in March was

Existing-Home Sales Slip 2.7% in March Month-over-month, sales in March 2022 waned in three of the four major U.S. regions while holding steady in the West. Media Contact:  Quintin Simmons 202-383-1178

Rising monthly mortgage payments—up 34% from a year ago, due largely to rising interest rates–are pricing more people out of the homebuying market, which could lead to even more increases in rents. The median monthly asking rent in the U.S. increased 17% year over year to a record high of

NAR, Third Way Discuss Supply and Affordability Crisis Greene highlighted policy proposals NAR is pursuing to make homeownership accessible to more people. Media Contact:  Emily Newman 202-383-1287 Fair Housing

AuthorDesiree Arredondo.  Date: April 19, 2022 3:17 pm If you live in a rural area or looking to move to one, your water supply most likely comes from a well. There are numerous benefits to owning a well. You have no water bill and don’t need to worry about service