Real Estate News Today

70% of home offers written by Redfin agents faced competition in January, up from roughly 60% a year earlier and the highest share in Redfin’s records. Seventy percent of home offers written by Redfin agents faced bidding wars in January on a seasonally adjusted basis, up from 67.7% in December and

US Homeownership Surges, Still Lags for Black Americans U.S. homeownership rose to 65.5% in 2020, a record increase, but Black Americans continue to face significant obstacles to homeownership. Media Contact:  Troy Green 202-383-1042

Redfin’s chief economist predicts the share of Americans relocating will keep increasing as the year goes on, with rising mortgage rates and skyrocketing rents making affordable metros more attractive than ever.  A record 32.4% of Redfin.com users nationwide looked to move to a different metro area

Home sales posted strong monthly gains despite rising mortgage rates and record-low supply. Fewer homes than ever were for sale in January, but homebuyers snapped up what they could before mortgage rates rose further. Seasonally adjusted new listings fell 12.4% month over month, bringing the number

Portland and Austin saw the largest increases, with rents surging more than 30% year over year. Average monthly asking rents in the U.S. increased 15.2% year over year to $1,891 in January, the largest annual jump since at least February 2020 (Redfin’s rental data goes back through February 2019). M

Existing-Home Sales Surge 6.7% in January On a month-over-month basis, sales increased in all regions of the U.S. in January. Year-over-year, regional sales activity was mixed. Media Contact:  Quintin Simmons 202-383-1178

A record 57% of homes sold in two weeks and the typical monthly mortgage payment soared to a new high, approaching $2,000. Homes sold faster than ever during the four weeks ending February 13, as a record 57% of homes that went under contract did so within two weeks of being listed. People buying ho

Investors bought 18.4% of the U.S. homes that were purchased in the fourth quarter, a record high. Investor demand is stronger than ever as home prices increase, allowing investors to charge higher rents and sell flipped homes for higher prices. Real estate investors bought roughly 80,000 U.S. homes

AuthorAndrew Te.  Date: February 15, 2022 5:33 pm Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! Buying a new home is one of the most exciting and rewarding experiences in life. However, in most situations, you need to depend on the expertise of a rea

AuthorAndrew Te.  Date: February 15, 2022 3:08 pm Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! When considering tangible assets, most investors look to stocks, bonds, and other financial properties. Younger investors often overlook real estate becau

Relocators have more to spend on homes than locals in 42 of the 49 cities included in this analysis. The average out-of-towner moving to Nashville in 2021 had $736,900 to spend on a home, 28.5% higher than the $573,400 average budget for local buyers. That’s the biggest gap among the cities included

Black real estate wealth hit a record high in 2021– here is why I am hopeful it will continue to rise during this decade Black real estate wealth–the total value of homes owned by Black people in America–rose 28.9% year over year to a record high of $2.2 trillion in the third quarter of 2021, accord

AuthorAndrew Te.  Date: February 10, 2022 5:42 pm Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! Whether you already are a real estate agent and you’re looking to relocate, or you’re in the process of getting your license, you’ve probably had your eye

People who need to move now are pinched by rising mortgage rates, sky-high home prices and rising rents. The estimated monthly mortgage payment for a typical home for sale rose 25% year over year—or $388—to a record $1,931. That’s based on the all-time high median asking price of $376,000 recorded d

In Q4 2021, 67% of Metros Saw Double-digit Price Rise With sustained price appreciation and higher mortgage rates, affordability of single-family homes worsened in Q4 2021. Media Contact:  Quintin Simmons 202-383-1178

Demand for second homes hit its highest level in a year in January, with affluent Americans locking in mortgage rates before they increase further. Meanwhile, demand for primary residences was up 42% from pre-pandemic levels.  Homebuyer demand for second homes was up 87% from pre-pandemic levels in

AuthorAndrew Te.  Date: February 10, 2022 12:33 am Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! So you want to know the origin story of real estate, its definition, and its etymology. You’ve come to the right place! In the article you’re about to re

Author .  Date: February 8, 2022 10:39 pm Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! Many people are unsure of the difference between a condo and a townhouse. They seem similar, but there are some key differences between them. A condo is an indivi

Settlement Addresses Unequal Treatment of REOs The NFHA and a coalition of local organizations reached a $53M agreement with Fannie Mae to compensate for unequal treatment of REO properties. Media Contact:  Tori Syrek Fannie Mae & Freddie Mac (GSEs), Fair Housing

Applications Open for 2022 Volunteering Works Program The grant and mentoring program matches mentors with REALTORS® committed to public service who are looking to enhance their charitable work. Media Contact:  Spencer High 202-383-1051