AuthorKelsey Heath.  Date: April 14, 2025 1:50 am When financing a second home, you usually need a larger deposit and the income to support the debt payments. You also need to find the right financing, because many loans are only available for your primary residence. Most people consider turning to

AuthorAmanda Dodge.  Date: April 12, 2025 2:55 am A porch is a shaded space that is built around a home. You might have a front porch that protects you from the rain when you unlock your door or a back porch where you relax and entertain guests throughout the year.

AuthorAmanda Dodge.  Date: April 11, 2025 11:44 pm Every real estate market and home sale is unique, but some people experience similar problems when they are trying to move. It’s not uncommon for a house to get lots of showings but no offers. There is definitely interest in the property,

AuthorAmanda Dodge.  Date: April 11, 2025 11:42 pm An appraisal is an invaluable part of the buying and selling process. It alerts the buyer to the value of the property to ensure they don’t overpay for it. Most lenders require buyers to get appraisals before they approve loans to confirm

Core CPI was much lower than expected in March, largely because of deterioration in travel-related costs. However, mortgage rates won’t drop much today because tariffs are still very high and will boost inflation in months to come. Core inflation was just 0.06% in March, much lower than the 0.24% expected,

Americans need an annual income of $117,000 to afford the typical home for sale. That’s 82% more than they need for the typical rental, up from 73% more last year. The gap is widening because home prices are rising faster than rents. The gap is widening most in Salt Lake

Pending home sales and mortgage applications improved a bit at the start of April. But since then, the back-and-forth on President Trump’s new tariff policy, rising mortgage rates and the increased odds of a recession have likely pushed down homebuying sentiment.  The housing market is under pressure as prospective homebuyers

AuthorKelsey Heath.  Date: April 9, 2025 11:35 pm Popcorn ceiling texture is a throwback to the 1950s when it first became popular and remained trendy until the 1980s. If you own a house with this dated feature or are considering buying one, you probably wonder if removing popcorn ceiling increase

The total value of homes in majority-white neighborhoods grew 5.4% year over year in 2024 to $40.4 trillion. It grew nearly as fast in majority-Black neighborhoods, rising 5.3%.  Home values also grew in majority-Asian neighborhoods, but at a slightly slower pace; the total value of homes in majority-Hispanic neighborhoods grew

Homebuyers are more likely than renters to use stock investments to pay for housing, according to a Redfin survey.  With stock values dropping, would-be homebuyers may back off as their bank accounts shrink and their confidence in the economy is shaken.  One in five (20%) prospective homebuyers expect to sell

AuthorAmanda Dodge.  Date: April 8, 2025 4:01 am If you are ready to hire a real estate agent and enter the job market, you may be presented with a buyer-broker agreement. This document outlines the expectations of your real estate agent while also giving them the right to represent you.

AuthorT.C. Obichang.  Date: April 7, 2025 4:19 pm Discover the ideal way to thank your realtor. While the realtor gift can me monetary, it’s often the a referral that’s best! The post Yes, Realtors Appreciate Gifts Too—And Here’s Why It Matters appeared first on FastExpert.

Mortgage rates have dropped to their lowest level in six months in the aftermath of President Trump’s newly announced tariffs. For weary homebuyers who have been waiting for a break in housing costs, the decline ups their purchasing power.  A homebuyer on a $3,000 monthly budget can afford a $458,750

For the third year in a row, Redfin has been recognized among the top residential real estate brokerages nationwide according to the RealTrends Verified Brokerage Rankings. Redfin agents closed 46,421 transactions in 2024, totaling more than $29B in sales, earning us spot #7 on the list of brokerages with the

The U.S. added more jobs than expected in March. But markets are focused on tariffs, which will have a much bigger impact on mortgage rates: Rates are falling today, but the future is uncertain.  Today’s jobs report was stronger than expected: 228,000 U.S. jobs were added in March, and the

President Trump’s newly announced tariffs will bring higher prices, slower economic growth, higher unemployment and higher construction costs. Mortgage rates fell following the announcement and will remain volatile as more details emerge and negotiations take place ahead of April 9, when the tariffs will go into effect. Update: April 3,

The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more common for townhouses and single-family homes to sell below list price as buyers gain negotiating power amid rising inventory and high housing costs. Roughly two-thirds

Soaring housing payments are keeping many homebuyers on the sidelines, but new listings are ticking up and there are signs some house hunters are emerging as we enter spring.  Housing costs are at an all-time high. The typical U.S. homebuyer’s monthly payment hit a record high for the second week

AuthorAmanda Dodge.  Date: April 1, 2025 3:39 pm One of the biggest challenges of buying a home is saving up for a down payment. In late 2024, the median sale price of houses in the United States was $419,200. A first-time homebuyer putting nine percent down (the average down payment

57% of homes in San Francisco sold above their list price in February, up from 50% a year earlier—the biggest jump among the top 50 metros. Homebuyer competition slowed fastest in Southern California; over half of homes in San Diego sold for below their list price, compared with just 42%