Real Estate News Today

Inflation data came in as expected in November, meaning that mortgage rates will stay steady as the Fed remains on course with market expectations to cut rates by 25 bps at their meeting next Wednesday. November’s core inflation as measured by the CPI, which excludes the volatile food and energy cat

The median asking rent fell 0.7% year over year in November to $1,595, dropping 1.1% month over month. The asking price per square foot for rental apartments fell 2.2% year over year to the lowest level since December 2021. Rents dropped across all bedroom counts for the fifth consecutive month. Cle

AuthorAmanda Dodge.  Date: December 11, 2024 3:53 am Life as a single mom requires a delicate financial balance as you ensure the needs of your kids and yourself are thoroughly met. However, that doesn’t mean homeownership is out of reach. Studies by LendingTree have found that single women own more

Happy holidays, everyone! As we transition into a new season, we’ve had the privilege of welcoming many new faces to Redfin. Please join me in welcoming the amazing agents and managers who joined us in September and October! One Newfin you may recognize is Ben Stanfield, who is re-joining Redfin’s S

A renter on a $2,000-a-month budget can afford an 1,103-square-foot apartment, up from 1,029 square feet when rents peaked in 2022. Renters are getting more bang for their buck thanks to the recent apartment construction boom, which has led to asking rents stabilizing below their pandemic peak. In M

Tim Harper is a Redfin Premier agent and Team Lead of The Legacy Team in Ormond Beach, FL. He originally joined Redfin from 2015-2022 to launch and lead our Daytona Beach market. He rejoined us in November 2024 after starting his own brokerage, Palm & Pine Realty, bringing his entire team home under

2024 has been a year of big changes and exciting growth at Redfin! You’ve probably heard by now about Redfin Next, our new fully commission-based agent pay plan. Redfin Next has been more than just a way to pay our hardworking agents—I like to think of it as our new operating system that lays the en

A slightly cool, but mostly as expected, November jobs report locks in another 25 bps cut at the Federal Reserve’s December 18 meeting, barring an outsized surprise when CPI numbers are released next week. While mortgage rates will remain mostly unchanged following today’s report, the Fed is expecte

American flag blowing in the breeze while hanging on a residential home. The 2024 election results show that voters are willing to greenlight big spending to fund affordable housing. Across the country, cities and states approved hundreds of millions of dollars in bonds and taxes to increase housing

Decking the halls just got a lot easier with a little help from Redfin Redesign! Whether you’re buying a home or already own one, you can now use our AI-powered home design tool to transform home photos with holiday decor inspiration.  In the time it takes to hang a stocking, you can add inviting fe

The uptick in early-stage homebuying activity we saw immediately after the election is continuing, despite high home prices and mortgage rates.  Homebuying demand is ending the year strong. Redfin’s Homebuyer Demand Index–a seasonally adjusted measure of tours and other buying services from Redfin a

AuthorAmanda Dodge.  Date: December 5, 2024 4:42 am Selling a house can be a frustrating process in even the best circumstances. Both parties are fighting to get the best deal and your buyers might have specific requirements that need to be met for the sale to go through. Signing the closing documen

AuthorChristy Crouch.  Date: December 4, 2024 12:02 pm By selling your home during winter, you can position yourself strategically in the marketplace. The post 12 Reasons to Sell Your Home in Winter appeared first on FastExpert.

The real estate market can feel like a rollercoaster — its dynamics constantly shifting based on various factors like interest rates, inventory levels, and local demand. Whether you’re a homebuyer or a seller, staying informed about current market trends is essential for making strategic decisions.

Redfin’s economists expect there will be more home sales in 2025, largely due to pent-up demand. But some would-be homebuyers will still be priced out, with home prices climbing and mortgage rates remaining near 7%. Rental prices, on the other hand, should stay flat while wages increase, improving a

Buying your first home is an exciting milestone, but it can also be overwhelming. Without proper guidance, first-time buyers may fall into costly traps. Here’s a guide to help you identify and avoid common mistakes, making your journey to homeownership as smooth as possible. 1. Not Knowing What You

Timing is everything, especially when it comes to selling your home. Choosing the right season can mean the difference between a quick sale and a prolonged process. While local market conditions, interest rates, and your personal timeline are all crucial factors, the time of year can significantly i

Pending sales posted a big year-over-year increase this week,  partly because the boom in early-stage homebuying demand we saw just after the election is translating to sales and partly because we’re comparing to a period in 2023 that included Thanksgiving. U.S. pending home sales rose 12.1% year ov

AuthorAlex Capozzolo.  Date: November 25, 2024 9:18 pm Winter might be cold, but with the right approach, your sales could be hot. Here’s why you should sell your Pennsylvania home in the winter. The post Why You Should Sell Your Pennsylvania Home in the Winter appeared first on FastExpert.

AuthorKelsey Heath.  Date: November 23, 2024 6:58 am With rising property values and shifting markets, million-dollar homes are becoming more common than you might expect—and more accessible. In some markets, like California’s major cities, New York, and several other East Coast metropolitan areas,