Real Estate News Today

22% of U.S. renters say all their regular income goes toward rent payments, according to a recent Redfin-commissioned survey. 19% of renters report they have worked a job they hated to afford rent.  Just over one in five (22%) U.S. renters say all of their regular income goes directly to paying thei

U.S. investor home purchases fell 2% year over year in the third quarter, a much smaller change than the swings of the last several years. Purchases are now back near pre-pandemic levels.  In Florida, investor purchases posted double-digit declines amid an ongoing climate and insurance crisis. But i

President-elect Donald Trump’s incoming administration plans to “seal the border” and deport millions of undocumented migrants from the United States, starting in 2025. The housing market relies on immigrants as part of the construction labor force and could be impacted by the deportations, dependin

The number of homebuyers and sellers contacting Redfin agents has jumped over the last week, with Redfin’s Homebuyer Demand Index posting its biggest year-over-year increase since early 2022.  Homebuyers are jumping into the market now that the election has passed and the Fed has cut interest rates

17.5% of respondents who plan to move in the next year cited a concern for safety/crime as one of the reasons why, while 13.7% cited a concern for natural disasters or climate risks. Safety and climate risk fears outranked a range of reasons to move, including lower property taxes, family changes, a

This year marked the first time since 2010 that low-risk homes across three major climate categories—heat, fire and flood—gained value faster than high-risk homes. That may be a sign Americans are growing more responsive to natural disasters. Still, high-risk homes are much more valuable than they w

AuthorSteph Matarazzo.  Date: November 19, 2024 4:40 pm << Find an Agent in Your Area to Get Your Home SOLD >> Being a real estate agent, like any service job, can be tricky to navigate, especially when you are just getting started. Many of the connections between home buyers or sellers and agents a

The five U.S. metro areas where pending sales are falling most are all in Florida, though the declines are easing in some metros following a destructive hurricane season. Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest.  In Fort Lauderdale, pending sa

Home prices grew 0.5% month over month in October, rising at the same pace as September. It was the 12th consecutive month with price growth between 0.2% and 0.7%. On a year-over-year basis, home prices rose 5.9%, the smallest annual increase since December. Eight of the 50 most populous U.S. metros

AuthorAmanda Dodge.  Date: November 19, 2024 5:39 am There are multiple types of distressed properties that investors can look for. As you start your investment search, you may come across REOs, otherwise known as real estate-owned properties. REO properties are homes that have gone through the fore

AuthorKelsey Heath.  Date: November 19, 2024 5:20 am When the market appears unstable and the possibility of a recession becomes more than a headline, many homeowners start getting anxious and wonder if they should sell their house before the market crashes. The decision to sell a house in preparati

Most U.S. residents who earn less than $50,000 struggle to afford their mortgage or rent payments, according to a recent Redfin-commissioned survey.  Of those earning under $50,000 who struggle to afford housing, 21% have delayed or skipped medical treatments, while 15% have worked a side hustle.  B

AuthorAmanda Dodge.  Date: November 15, 2024 8:19 pm Showings are an essential part of the home sale process. They provide opportunities for serious buyers to tour your home and decide whether or not to put an offer on it. While photos, videos, and virtual tours can showcase your rooms, there’s noth

AuthorAmanda Dodge.  Date: November 15, 2024 8:18 pm Your primary residence is where you live full-time. This is the address you have on your driver’s license and other forms of identification and financial documents. Your primary residence is different from your second home, vacation home, and any

Existing home sales rose 1.6% month over month in October to a seasonally adjusted annual rate of 4,179,346. Many buyers who came off the sidelines when mortgage rates bottomed in September finalized their purchases in October, causing sales to rise. But rates jumped last month, which—along with ele

Redfin’s Homebuyer Demand Index is rising and mortgage-rate locks are jumping, with some buyers wading back into the market now that the election has passed and the Fed has cut interest rates for the second month in a row.  Early indicators of homebuying demand show that buyers are returning after t

CPI inflation reported today came in largely as expected. That increases the odds of a December Fed rate cut, but the determining factor will be the December 6 jobs report. Mortgage rates are likely to stay near 7% as inflationary and deficit concerns around higher tariffs and more extensive tax cut

Donald Trump’s re-election seems to have had immediate consequences for housing in America. Demand from home-buyers requesting service through Redfin’s site, which was already stronger since the Federal Reserve’s September 18 rate cut, was about 25% higher this weekend than the same weekend last yea

Nearly the same share, 21%, say they are less likely to consider moving now that the election is over, according to a recent Redfin-commissioned survey. Of those who are more likely to move, 36% say the results of the election are making them  consider a different country, and 26% are considering a

AuthorKelsey Heath.  Date: November 12, 2024 9:23 pm Owning a piece of real estate or investing in real estate can be financially unobtainable for many. For those willing to take an alternative path, fractional ownership of real estate can open some doors. Through fractional ownership, groups of ind