Real Estate News Today

Buying your first home is an exciting milestone, but it can also be overwhelming. Without proper guidance, first-time buyers may fall into costly traps. Here’s a guide to help you identify and avoid common mistakes, making your journey to homeownership as smooth as possible. 1. Not Knowing What You Can Afford The Mistake: Many buyers […]

Timing is everything, especially when it comes to selling your home. Choosing the right season can mean the difference between a quick sale and a prolonged process. While local market conditions, interest rates, and your personal timeline are all crucial factors, the time of year can significantly impact how much interest your home garners and […]

Pending sales posted a big year-over-year increase this week,  partly because the boom in early-stage homebuying demand we saw just after the election is translating to sales and partly because we’re comparing to a period in 2023 that included Thanksgiving. U.S. pending home sales rose 12.1% year over year during the four weeks ending November […]

AuthorAlex Capozzolo.  Date: November 25, 2024 9:18 pm Winter might be cold, but with the right approach, your sales could be hot. Here’s why you should sell your Pennsylvania home in the winter. The post Why You Should Sell Your Pennsylvania Home in the Winter appeared first on FastExpert.

AuthorKelsey Heath.  Date: November 23, 2024 6:58 am With rising property values and shifting markets, million-dollar homes are becoming more common than you might expect—and more accessible. In some markets, like California’s major cities, New York, and several other East Coast metropolitan areas, the average price for a home is already well over a million […]

22% of U.S. renters say all their regular income goes toward rent payments, according to a recent Redfin-commissioned survey. 19% of renters report they have worked a job they hated to afford rent.  Just over one in five (22%) U.S. renters say all of their regular income goes directly to paying their rent, according to […]

U.S. investor home purchases fell 2% year over year in the third quarter, a much smaller change than the swings of the last several years. Purchases are now back near pre-pandemic levels.  In Florida, investor purchases posted double-digit declines amid an ongoing climate and insurance crisis. But investor purchases saw double-digit gains in a handful […]

President-elect Donald Trump’s incoming administration plans to “seal the border” and deport millions of undocumented migrants from the United States, starting in 2025. The housing market relies on immigrants as part of the construction labor force and could be impacted by the deportations, depending on the size and scale of the operation. Immigrants make up […]

The number of homebuyers and sellers contacting Redfin agents has jumped over the last week, with Redfin’s Homebuyer Demand Index posting its biggest year-over-year increase since early 2022.  Homebuyers are jumping into the market now that the election has passed and the Fed has cut interest rates for the second time in a row.  The […]

17.5% of respondents who plan to move in the next year cited a concern for safety/crime as one of the reasons why, while 13.7% cited a concern for natural disasters or climate risks. Safety and climate risk fears outranked a range of reasons to move, including lower property taxes, family changes, and higher rated schools. […]

This year marked the first time since 2010 that low-risk homes across three major climate categories—heat, fire and flood—gained value faster than high-risk homes. That may be a sign Americans are growing more responsive to natural disasters. Still, high-risk homes are much more valuable than they were before the pandemic. Homes facing low risk from […]

AuthorSteph Matarazzo.  Date: November 19, 2024 4:40 pm > Being a real estate agent, like any service job, can be tricky to navigate, especially when you are just getting started. Many of the connections between home buyers or sellers and agents are made […]

The five U.S. metro areas where pending sales are falling most are all in Florida, though the declines are easing in some metros following a destructive hurricane season. Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest.  In Fort Lauderdale, pending sales dropped 15.2% year over year during […]

Home prices grew 0.5% month over month in October, rising at the same pace as September. It was the 12th consecutive month with price growth between 0.2% and 0.7%. On a year-over-year basis, home prices rose 5.9%, the smallest annual increase since December. Eight of the 50 most populous U.S. metros recorded a drop in […]

AuthorAmanda Dodge.  Date: November 19, 2024 5:39 am There are multiple types of distressed properties that investors can look for. As you start your investment search, you may come across REOs, otherwise known as real estate-owned properties. REO properties are homes that have gone through the foreclosure process but did not sell at auction. This […]

AuthorKelsey Heath.  Date: November 19, 2024 5:20 am When the market appears unstable and the possibility of a recession becomes more than a headline, many homeowners start getting anxious and wonder if they should sell their house before the market crashes. The decision to sell a house in preparation for a recession isn’t simple and […]

Most U.S. residents who earn less than $50,000 struggle to afford their mortgage or rent payments, according to a recent Redfin-commissioned survey.  Of those earning under $50,000 who struggle to afford housing, 21% have delayed or skipped medical treatments, while 15% have worked a side hustle.  Broken down by generation, nearly one-quarter of Gen Zers […]

AuthorAmanda Dodge.  Date: November 15, 2024 8:19 pm Showings are an essential part of the home sale process. They provide opportunities for serious buyers to tour your home and decide whether or not to put an offer on it. While photos, videos, and virtual tours can showcase your rooms, there’s nothing like physically stepping into […]

AuthorAmanda Dodge.  Date: November 15, 2024 8:18 pm Your primary residence is where you live full-time. This is the address you have on your driver’s license and other forms of identification and financial documents. Your primary residence is different from your second home, vacation home, and any rental properties you own.  The Internal Revenue Service […]

Existing home sales rose 1.6% month over month in October to a seasonally adjusted annual rate of 4,179,346. Many buyers who came off the sidelines when mortgage rates bottomed in September finalized their purchases in October, causing sales to rise. But rates jumped last month, which—along with election jitters—put a damper on demand; pending sales […]