Real Estate News Today

There were 3.7 months of for-sale supply on the market in January, the most in six years. An increase in supply and drop in homebuying demand has tilted the national market in favor of buyers, with listings starting to pile up in many areas across the country. Florida metros top the list of buyer’s

Andrea Mayhew is a Redfin Premier agent who serves buyers and sellers in Vancouver, WA. She joined Redfin in September 2024 from John L. Scott and has flourished under Redfin’s model, even bringing her husband and business partner, Jon Mayhew, on board to form The Mayhew Team. We caught up with Andr

Home prices grew 0.6% month over month in January, equal to the quickest pace since November 2023. On a year-over-year basis, home prices rose 5.4%—the slowest pace since August 2023. Ten of the 50 most populous U.S. metros recorded a drop in home prices month over month, led by Tampa (-1.6%). U.S.

The percentage of U.S. home purchases made in cash fell to 32.6% in 2024, a three-year low, as the total number of all-cash purchases dropped to its lowest level in a decade. Florida homebuyers were most likely to pay cash. Just under one-third (32.6%) of U.S. home purchases were made in cash in 202

Housing supply rose to the highest level since 2020 in January, but housing demand fell to the lowest level since 2020 as mortgage rates hit an eight-month high. Sellers are making moves because they’re tired of waiting for mortgage rates to fall, but buyers are skittish amid economic uncertainty an

New listings are up 7.4% from a year earlier, while pending sales are down 6%. Sales are slow mostly because of high home prices and mortgage rates.  In Washington, D.C. and other places with a high concentration of government workers, Redfin agents report some buyers and sellers are changing plans

AuthorT.C. Obichang.  Date: February 12, 2025 5:11 pm If your home isn’t selling, is it the home or the agent? Ask yourself these 4 questions to help you decide if it’s time to change Realtors. The post My Home Isn’t Selling. Should I Change Realtors? appeared first on FastExpert.

What a fantastic way to kick off the year! Redfin is excited to welcome over 140 talented agents who are ready to elevate their businesses with Redfin Next, and seize all of the opportunities this year will bring. Let’s give a warm welcome to our January Newfins—we can’t wait to see all you accompli

AuthorAaron Gray, Sr..  Date: February 12, 2025 2:08 pm Get expert home selling advice from a Realtor with almost 2 decades of experience. From proper pricing to expectations, he covers it all. The post 2025 Home Selling Advice from a Real Estate Expert appeared first on FastExpert.

January’s inflation report came in hotter than expected, with the shelter category increasing 0.4%—up from 0.3% in recent months.   While the overall shelter inflation component of CPI did tick up to a monthly increase of 0.4% from 0.3%, the increase was due to “lodging away from home”—meaning hotel

January’s inflation report came in hotter than expected, though some of the “surprise” is due to start-of-the-year effects that have become more pronounced in recent years. Volatile hotel prices pushed the all-important shelter category back up to 0.4%, after it had fallen to 0.3% in recent months.

Homebuyers, take note: Many listings are selling for under asking price, and most are lingering on the market. Florida homebuyers are seeing the biggest discount.  Today’s average home listing is selling for under its asking price, and taking a long time to sell. While that’s not ideal for sellers,

Most of Redfin.com’s most-viewed listings have two things in common: They’re located in tech hubs, and they’re expensive.  Seven of Redfin.com’s 10 most-viewed home listings in January were in the Bay Area, specifically the East Bay and neighborhoods near San Jose, and two were in Seattle’s eastside

Julie Granahan is a Redfin Premier agent in the greater Seattle area, specializing in West Seattle and Burien. She originally joined Redfin in 2016 and quickly became one of the brokerage’s top-producing agents. She rejoined us in June 2024 after two years at Compass. We caught up with Julie to hear

AuthorJenniffer Taylor.  Date: February 10, 2025 4:13 pm Expert Advice: Building a house involves understanding local regulations, securing permits, and planning for infrastructure costs. The post Should I Build a House in 2025? appeared first on FastExpert.

Nationwide, the median asking rent was little changed from a year earlier, down 0.1% to $1,599. But rents may inch up if demand outstrips supply in a big way, which is feasible because apartment construction is slowing and high homebuying costs are fueling renter demand. The median U.S. asking rent

Takeaway: The January jobs report was a mixed bag, but generally pointed to a stronger-than-expected labor market. Mortgage rates may see a little bounce off this data, but not much, as the Fed will continue to be expected to hold cuts until mid year. The unemployment rate unexpectedly declined from

Most homeowners still have a mortgage rate far below today’s levels, which is prompting many to stay put.  But this lock-in effect is starting to ease because Americans are growing accustomed to elevated rates, and for many, it’s not realistic to stay put forever. That’s boosting listings and easing

The uptick in new listings, along with slow sales, is contributing to a growing pool of supply for homebuyers to choose from. It has also led to the typical home selling for 2% under asking price, the biggest discount in two years–but housing costs are still ultra-high.  New listings of U.S. homes f

Single and divorced people are more likely than people who are married to make certain sacrifices, including skipping meals, to afford rent and mortgage payments, according to Redfin survey findings. That’s largely because single people are making payments alone; for instance, a single Washington, D