AuthorAmanda Dodge.  Date: March 12, 2025 4:01 am Buying and selling a home comes with various costs that can make moving expensive. On top of required costs like appraisal fees and title insurance, people often have to spend extra on moving supplies, temporary housing, and staging.  While many closing costs

AuthorAmanda Dodge.  Date: March 12, 2025 3:59 am Home staging means preparing your home for potential buyers. Even if you don’t hire a staging company, you will likely spend hours before you list decluttering your home, deep cleaning each room, and making your space shine in its best light.  Professional

The combined net worth of America’s wealthiest 1% has grown to a record $49.2 trillion, almost the same as the combined value of all the homes in the U.S. Real estate makes up 12.3% of the net worth of the top 1%, compared to 46.4% of the net worth of

Affluent renters have become more common in 35 of the 50 most populous U.S. metros since 2019, with Raleigh and Orlando seeing the biggest upticks. Homebuying costs skyrocketed in the Sun Belt during the pandemic—one reason some wealthy Americans are opting to rent and invest their money in places other

Email from Redfin CEO, Glenn Kelman VERY BIG NEWS Redfin, We’ve entered into an agreement for Rocket Companies to buy Redfin in an all-stock deal that values Redfin at $2.4 billion. You probably already know that Rocket pioneered the first completely digital home loan, and that its mission is to

A mildly disappointing February jobs report may lead to a small tick down on mortgage rates as investors price in expectations for future labor market weakness. A weakening, but not-yet-weak labor market added 151,000 jobs in February (vs. 159,000 expected) as the unemployment rate unexpectedly increased to 4.1%. Job creation

Just 47% of newly-built apartments completed in Q3 were rented within three months as a record number of new apartments hit the market. But construction permits have started to decline, signaling that the number of new rentals will eventually start to fall, which could cause rents to tick up. Less

Landlords may have more leeway to raise rents next year because apartment construction is slowing, which could eventually lead to more renters than vacant units. The median U.S. asking rent rose 0.4% year over year to $1,607 in February. While that’s a small gain, it’s the first increase in six

Mortgage rates dipped to their lowest level in nearly three months this week, which has pushed mortgage-purchase applications up. But pending home sales are still falling. Southern California is bucking the trend, with pending sales increasing. Pending U.S. home sales fell 6.4% from a year earlier during the four weeks

If you’re looking to buy or sell a home this year, there are new rules around how buyers’ agents are paid that you need to know. Before these changes took effect last summer, the home seller would decide how much to pay both their agent and the buyer’s agent. The

Investor activity is declining nationwide due to slow homebuying demand, a lackluster rental market, economic uncertainty and elevated interest rates.  Investor market share is falling, too: They bought 17% of homes that sold in the fourth quarter, down from 19% a year earlier.  Florida investors are pulling back fastest, with

The median rent in the District of Columbia rose 2.7% year over year in February, following three months of declines. Rents have been falling most of the past year thanks to an increase in new construction, but permits for new apartment buildings are slowing. It’s too early to assess the

Mortgage rates fell to 6.64% on Tuesday as the U.S. imposed broad-based tariffs against Canada, Mexico and China. The new tariffs kicked off a trade war with the three countries, and stoked fears the U.S. economy could be heading for a recession. Mortgage rates dropped 10 basis points on Tuesday

Atlanta, Las Vegas, Houston and parts of Florida are seeing the highest share of deals falling through, with supply piling up in those areas. Los Angeles is among the metro areas with the biggest increase in cancelled sales, due largely to January’s devastating wildfires.  More home purchases are being canceled,

Some Redfin agents are advising prospective buyers to get serious now as mortgage rates decline and the housing market tilts in buyers’ favor.  The median U.S. home-sale price rose just 3.5% year over year during the four weeks ending February 23, the smallest increase since September. And mortgage rates have

The number of homes on the market in the Sunshine State rose 23% year over year to a record high in January amid a decrease in homebuying, an influx of newly built homes for sale, intensifying natural disasters, and surging insurance costs and HOA fees.  Florida ended January with 172,209

AuthorMargo Christophilis.  Date: February 26, 2025 4:54 pm Prefabricated homes, ranch homes, and barndominiums are among the cheapest homes to build. 3D printed homes are piquing interest. The post What are the Cheapest Homes to Build? appeared first on FastExpert.

Collette Canepa is a Redfin agent in Los Angeles. She joined Redfin in April 2024 after nearly two decades in the traditional real estate world and has quickly become a rising star on our southern California team. We caught up with Collette as she approaches her one-year anniversary at Redfin

That’s up from 15% a year ago. The typical U.S. homebuyer now puts down roughly $63,000, about $4,000 more than last year, because of a jump in home prices.  About 31% of buyers are purchasing homes using all cash, down from about 34% a year earlier.  15% of mortgaged homebuyers

Condo prices are up 5% year over year in inland Florida, but down a respective 5% and 3% on Florida’s Gulf Coast and Atlantic Coast. Inland Florida tends to have newer condos, which haven’t yet had to comply with new rules that have driven up HOA fees elsewhere in the