Real Estate News Today

Home prices grew 0.4% month over month in December, rising at a slightly slower pace than the past four months. On a year-over-year basis, home prices closed out the 2024 calendar year up 5.4%, the smallest annual increase since 2015. 15 of the 50 most populous U.S. metros recorded a drop in home pr

In Cleveland, prices jumped 15% year over year in December—the biggest increase among the 50 most populous metros. Next came Milwaukee and Philadelphia. Florida is home to the three metros where prices rose the least. Home prices rose from a year earlier in all 50 of the most populous U.S. metropoli

Pending home sales dropped 4.5% from November as mortgage rates jumped to the highest level in months. Roughly 40,000 home purchases were called off in December, equal to 16% of homes that went under contract—the highest December percentage on record. Existing home sales—a lagging indicator of deals

Pending sales posted their biggest decline in over a year this week, as did new listings. But mortgage-purchase applications are on the rise, and mortgage rates are coming down.  Home tours and pending sales are falling as devastating wildfires burn in Southern California, extreme cold and snow hit

AuthorAlex Capozzolo.  Date: January 15, 2025 3:46 pm Deciding to sell your home is a deeply personal choice. Decide if it’s time to move with these 10 signs that it’s time to sell your home. The post Should I Sell My Home – 10 Signs That It’s Time To Sell Your Home appeared first on FastExpert.

The December CPI report should reverse the jump in mortgage rates we saw last week after a strong jobs report, but political uncertainty and economic volatility will keep rates around 7% for the foreseeable future.  The latest Consumer Price Index reading shows softer-than-expected core inflation fo

AuthorAmanda Dodge.  Date: January 15, 2025 2:27 am Hot tubs and spas are an increasingly popular home accessory, especially in luxury homes. However, some people add hot tubs to their homes believing they are an investment that will boost the resale value. This is a debatable topic because an asset

AuthorAmanda Dodge.  Date: January 15, 2025 2:25 am It’s not uncommon for multiple siblings to own a property, usually because they inherited a childhood home or vacation house when their parents passed away. Joint ownership has several benefits, especially if each sibling wants to keep the home in

Below we’ve outlined Los Angeles housing statistics reflecting the period leading up to the devastating wildfires. We’ll be updating this page with new data and insights as they become available and as the situation evolves. Redfin agents are working hard to help local homebuyers and sellers navigat

A surprisingly strong December jobs report defies recession fears and will keep the Fed in a holding pattern for the foreseeable future. Mortgage rates will increase today. 256,000 jobs were created in December, many more than the 150,000 expected by forecasters. The unemployment rate unexpectedly t

The median asking rent fell 0.3% year over year in December to $1,594, the lowest since March 2022.  Austin, TX posted the biggest decline, with asking rents down 16%, followed by Tampa and Jacksonville. Rents rose most in Providence, RI, Virginia Beach and Louisville. Property owners are lowering r

More house hunters are hitting the pavement as the new year starts, but pending home sales are down as daily average mortgage rates hit a seven-month high.  More house hunters are starting their home search as the new year kicks off. Redfin’s Homebuyer Demand Index–a seasonally adjusted measure of t

AuthorAmanda Dodge.  Date: January 9, 2025 3:24 am The number of unmarried couples who cohabitate is growing in the United States. In a recent study, the percentage of young adults ages 18-24 living with a partner was larger than that of young adults living with a spouse. Just because a couple isn’t

AuthorMegan Kilmer.  Date: January 8, 2025 12:24 pm Selling your home now doesn’t just mean beating the spring rush—it means maximizing your chances for a stress-free, successful sale. The post 5 Reasons to Sell Your Home Now (And Beat the Spring Rush) appeared first on FastExpert.

Many homeowners are staying put because today’s housing costs are so high.  More than one-third (34%) of U.S. homeowners say they’ll never sell their home, according to a recent Redfin-commissioned survey. Another 27% say they wouldn’t consider selling for at least 10 years. Roughly one-quarter (24%

A household earning the median U.S. income would have had to spend 41.8% of their earnings on monthly housing costs to buy the typical home in 2024, a slight improvement from 42.2% in 2022. A homebuyer needed to earn an annual income of at least $116,782 if they wanted to spend no more than 30% of t

Supply increased from a year earlier to close out 2024, while pending home sales posted a small decline as mortgage rates remained near 7%. We’re taking a break from analysis this week, but please see the tables and charts below for the latest housing-market data. We’ll be back with full commentary

Over half of home listings last month sat on the market for 60 days or longer—the highest November share since 2019. That’s a major reason housing supply jumped 12%. Active listings—the total number of homes for sale—climbed to the highest level since 2020 in November on a seasonally adjusted basis,

33.6% of U.S. renters have lived in the same home for at least five years, up from 28.4% a decade ago. Baby boomers stay put the longest, with more than a third having been in their rental at least a decade. Gen Z renters move the most, with more than half having lived in their current home for less

AuthorAmanda Dodge.  Date: December 29, 2024 2:31 am There are several financial benefits of homeownership. You can grow your wealth over time by paying off a piece of property and can enjoy stable monthly payments if you have a fixed mortgage. While the overall costs of owning a home are higher and