Real Estate News Today

Mortgages rates will mostly remain unchanged for now after the Fed held rates steady at its March meeting and built in expectations for higher inflation and slower economic growth amidst an extremely uncertain policy backdrop. In a relief for Wall Street, the Fed maintained their expectation that th

New York and Los Angeles are the only metro areas where the majority of households rent. Renting is least common in Cape Coral, FL and Dayton, OH. Roughly three-quarters of major metros have seen an increase in wealthy renters since 2019, another recent Redfin analysis found. The number of renter ho

AuthorAmanda Dodge.  Date: March 19, 2025 3:49 am Marriage is an exciting step in life that is just as big (if not bigger) than buying a home and comes with a lot of paperwork. Anyone who changes their name will need to take steps to alert various government and financial entities – including those

Home prices grew 0.4% month over month in February, the slowest pace since July 2024. On a year-over-year basis, home prices rose 5.1%.  It was the 10th consecutive month that annual growth had slowed. Eight of the 50 most populous U.S. metros—nearly all in Florida and Texas—recorded a drop in home

AuthorJoe Bourland.  Date: March 17, 2025 2:27 pm The best way to thank your agent is to help them help more people. Whether it’s a referral, a great review, a personal thank-you call, or… The post What’s the Best Way to Thank Your Real Estate Agent? (Without Spending a Dime!) appeared first on Fast

AuthorKelsey Heath.  Date: March 17, 2025 2:38 am HOA fees can be expensive, but they also come with a set of rules, which can potentially limit your rights as a homeowner. But can you refuse to join a homeowners association? An HOA can offer many benefits, such as property maintenance, access to am

The housing market is heating up, and Redfin agents are zeroed in on helping buyers and sellers navigate their 2025 moves. And thanks to our amazing recruiters’ efforts, team Redfin is now more than 140 agents stronger! Please join me in giving a warm welcome to all the Newfins who joined us in Febr

Milwaukee’s median sale price jumped 20% year over year in February—a bigger increase than any other major metro. Detroit also saw a double-digit gain. A housing shortage is prompting buyers to bid up prices. Nationwide, home prices rose 3% year over year, while pending sales fell the most since 202

The homes on Redfin are dazzling, but your late-night browsing experience doesn’t need to be. Dark mode is now available on the Redfin iOS app!    By turning down the lights, we’re making our app more enjoyable to use no matter when or where you’re searching for homes. Scrolling in bed at night? Whi

Most of February’s most expensive home sales were in beachfront Florida, with properties in Southern California and Manhattan rounding out the list.  Coastal Florida was home to seven of the 10 highest-priced U.S. home sales of February. Two estates in Southern California and one penthouse in New Yo

Prospective homebuyers are hitting the pavement as rates drop to their lowest level since mid-December. But that hasn’t yet translated to sales. More house hunters are touring homes as mortgage rates decline. Mortgage-purchase applications rose 7% this week to their highest level since the start of

The odds of a recession have increased significantly following several weeks of dramatic government policy shifts. The housing market is relatively insulated from a downturn since most homeowners have locked in low mortgage rates and are sitting on high levels of equity. Renters, however, are more s

Inflation in February came in lower than expected, but the monthly report is less promising under the hood. With the added impact of extensive new tariffs looming in April, mortgage rates are unlikely to fall. Core prices were 0.23% higher in February than in January, slightly lower than expectation

The typical Los Angeles homeowner stays put for 19.4 years, longer than any other U.S. metro and the longest span on record for the area. Nationwide, median homeowner tenure is down from its pandemic peak, but nearly double what it was in the early aughts.  The typical U.S. homeowner stays in their

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 clos

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.  Profes

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 the bottom 50%. The top 1% owns a disproportiona

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 o

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 “he

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 incr