Real Estate News Today

Most of April’s most expensive home sales were in beachfront Florida, with a pair of Beverly Hills estates and two luxury Manhattan condos rounding out the top 10. A trio of neighboring properties in Naples, FL, made up three of April’s most expensive home sales, including the most expensive: a beac

Buyer’s agents earned an average of 2.4% in commission in the first quarter. That’s up slightly from when the new NAR rules took effect in August, but down slightly from a year earlier. Broken down by price, the average buyer’s agent commission for $1 million-plus homes was 2.17%—down from 2.22% the

Buyer’s agents earned an average of 2.4% in commission in the first quarter. That’s up slightly from when the new NAR rules took effect in August, but down slightly from a year earlier. Broken down by price, the average buyer’s agent commission for $1 million-plus homes was 2.17%—down from 2.22% the

AuthorKelsey Heath.  Date: May 15, 2025 11:25 pm You’ve likely seen signs that say “We Buy Houses Fast!” or “Sell Your Ugly House Today!” while driving around, but are these offers too good to be true? For some homeowners, working with a cash buyer can be a fair deal and a much-needed solution for a

New listings are still rising, allowing some buyers to get deals. Pending U.S. home sales fell 3.4% year over year during the four weeks ending May 11 to their lowest level on record for this time of year aside from 2020. Would-be homebuyers are backing off for two main reasons. One, rising home-sal

New listings are still rising, allowing some buyers to get deals. Pending U.S. home sales fell 3.4% year over year during the four weeks ending May 11 to their lowest level on record for this time of year aside from 2020. Would-be homebuyers are backing off for two main reasons. One, rising home-sal

AuthorAmy Prumo.  Date: May 13, 2025 12:46 pm Expert Advice: Selling a home in a buyer’s market may seem challenging, but with the right approach, you can still achieve a successful sale. The post Home Selling in a Buyer’s Market appeared first on FastExpert.

With the spring homebuying season well under way, having a reliable, experienced agent by your side is more important than ever. That’s why we’re thrilled to welcome over 40 agents to the Redfin team this April—each one ready to guide clients through every step of the journey with confidence and car

Mortgage rates will remain unchanged after April inflation data came in as expected. Elevated tariff rates will keep Fed rate cuts on pause for the foreseeable future. The BLS reported that core prices rose 0.24% from March to April and are up 2.8% from a year ago, largely in line with expectations

The median asking rent was $1,625, down $80 from the record high, as elevated apartment supply pushed rents lower. Asking rents fell fastest in Austin, down 10% year over year and $400 below the record high. The median U.S. asking rent fell 1% year over year to $1,625 in April, marking the biggest d

The typical home bought in the U.S. hit a record age of 36 years in 2024—up from 27 years in 2012.  Buyers pay less for older homes (over 30 years old) than for newer homes (under five years old), but the gap is shrinking.  The typical home bought in Buffalo, NY in 2024 was 69 years old—the oldest a

Americans are purchasing one-third as many vacation homes as they were during the pandemic buying boom. High prices and mortgage rates, along with the return of in-office work, have made the prospect of owning a second home less appealing than it once was.   U.S. homebuyers took out 86,604 mortgages

With new listings rising and pending sales declining, Redfin agents suggest sellers set their asking price fairly from the start to attract buyers and avoid price drops.  The median U.S. monthly housing payment hit an all-time high of $2,868 during the four weeks ending May 4. That’s due to two key

Mortgage rates will stay largely unchanged after the Fed held rates steady at its May meeting, opting to remain in a noncommittal “wait-and-see” mode until more information is known about the state of the U.S. economy. The Fed kept the Federal Funds rate unchanged, as expected, and signaled no actio

The number of homes for sale in the nation’s capital is at the highest level since 2022 amid a mass reduction in the federal workforce under the Trump Administration. Active listings of homes for sale in Washington, D.C.  jumped 25.1% year over year to the highest level since 2022 during the four we

In Denver and Seattle, families pay nearly as much for daycare as they do for rent–and they pay much more for daycare than rent if it’s for two children. The average monthly cost of sending one child to daycare in Denver is $1,434, equal to 83% of the typical rent payment ($1,720) in that metro area

AuthorKelsey Heath.  Date: May 5, 2025 7:01 pm Rising costs. Shrinking spaces. And a growing desire to live simpler. That’s the recipe behind one of America’s fastest-growing housing trends: smaller living. But how much does it cost to build a small house in today’s economy and is it even worth it?

AuthorT.C. Obichang.  Date: May 5, 2025 3:53 pm Don’t make the mistake of a money pit. Sometimes a house is not worth fixing. Determine what renovations to complete before diving in. The post At What Point Is a House Not Worth Fixing? appeared first on FastExpert.

Mortgage rates will move slightly higher today on the back of a strong April employment report that makes the previously expected June Fed rate cut very unlikely, but a deterioration in the labor market is expected in coming months if trade policy doesn’t change. Employers added 177,000 jobs in Apri

Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in the U.S. over the past year—down 27.1% from the pandemic building boom and down 5.5% from before the pandemic. Austin, TX is issuing more multifamily permits than any other metro Redfin analyzed, while Sto