Real Estate News Today

We can’t keep debating the consumer benefits of Clear Cooperation, the National Association of Realtors’ policy against pocket listings. The data is clear that sellers get higher prices by publicly marketing listings, and that buyers, especially buyers of color, want to see all the homes for sale. 

AuthorMargo Christophilis.  Date: October 8, 2024 4:21 pm Real estate agents are advising sellers to pay all Realtor fees. Find out why it is in their best interest to pay. The post Expert Advice: Should Home Sellers Pay All Realtor Fees? appeared first on FastExpert.

AuthorKelsey Heath.  Date: October 8, 2024 6:52 am If you have signed a purchase agreement on a new home, you’re probably excited. Most people enter a home purchase with the mindset that they will follow through with the purchase. However, circumstances can arise, and there are valid reasons to back

Almost one-quarter of respondents overall expect insurance premiums in their area to increase after the storm. Nearly one-third (32%) of U.S. residents aged 18-34 say they’re reconsidering where they want to move in the future after seeing or hearing about the damage caused by Hurricane Helene, acco

A much stronger-than-expected September jobs report pushed mortgage rates up from 6.26% to 6.53% today. Debate about Federal Reserve rate cuts will now shift from choosing between a pace of 25 bps or 50 bps cuts each meeting, to choosing between 25 bps each meeting or 25 bps every other meeting. Ult

Vanessa Gamp is Redfin’s newest Sales Manager leading the San Francisco, Marin and Sonoma teams. She joined Redfin in September 2024, bringing more than 16 years of experience as an agent and manager, most recently at Willowmar Real Estate. As a dedicated leader in the industry, Vanessa also serves

Pending home sales are flat from a year ago, marking the first time since January they haven’t declined; on a local level, sales are increasing in most major metros. Other demand indicators, like home tours and mortgage-rate locks, are also improving as mortgage rates drop to their lowest level in t

Roughly half of surveyed renters think Kamala Harris would be the best choice to make housing more affordable, while about one-third think Donald Trump would be best. Renters skew Democratic because many of them are young and live in cities. The president can’t solve the housing affordability crisis

54% of U.S. apartments that were completed in the first quarter rented within three months, up from 47% a quarter earlier. Newly-built studio apartments rented out faster than other bedroom types. One-bedroom and two-bedroom apartments rented out slower as completions climbed by more than 20%. More

Buyers need to earn $77,000 to afford the typical U.S. starter home, down 0.4% year over year. That’s the first annual decline since 2020 thanks to falling mortgage rates, which recently posted the first annual decline in three years. The typical household earns $84,000—9% more than they need to aff

Only 2.5% of U.S. homes changed hands in the first eight months of 2024. The rate of home sales and home listings are both down at least 30% from 2019. California metros lead the list of areas with the lowest turnover, while Sun Belt and New York commuter metros posted highest turnovers. Just 25 out

AuthorKelsey Heath.  Date: September 28, 2024 5:44 am Everyone wants to score a deal when buying a house, but the best deals are usually not in the best neighborhoods. Homebuyers have to look into other neighborhoods to get more bang for their buck and often start considering transitional neighborho

AuthorAmanda Dodge.  Date: September 28, 2024 5:38 am A large part of real estate is confirming that a house is fairly priced. Sellers want to list their homes at fair levels that will attract buyers and sell quickly. Buyers want to confirm that a potential property has a good price – and will likel

AuthorAmanda Dodge.  Date: September 28, 2024 5:35 am An appraisal is an objective evaluation of a home’s value. Buyers often seek appraisals to confirm the home is priced fairly and they are often required by mortgage lenders. This is because the bank doesn’t want to lend out more than the home is

AuthorKelsey Heath.  Date: September 28, 2024 5:14 am Did you know that making extra mortgage payments can significantly reduce the amount of interest you owe and shorten the life of your loan? By paying down your loan principal faster, you can save money on interest, pay off your home faster, and t

Mortgage rates fell from over 7% to 6.1% over the summer, as markets anticipated the Fed’s September 18 interest-rate cut. Now that the cut has happened and a few more cuts are expected, mortgage rates may fall a bit further, into the high-5% range. But they’re unlikely to fall much more than that. 

The asking rent for a new apartment fell to $1,746 in the second quarter, down 6.2% from a year ago. One-bedroom apartments fell the most, dropping 9% to $1,566. Asking rents dropped at the same time new apartment completions rose to the highest level in at least 12 years. Asking rents for newly con

Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut, and Redfin’s Homebuyer Demand Index shot up to its highest level since May. Many house hunters had been waiting for the Fed’s cut before locking in a mortgage rate.  News about last week’s in

AuthorAlex Capozzolo.  Date: September 25, 2024 8:45 pm Home buyers rely on their agent for guidance, negotiation, and to secure their desired home, so should home buyer pay their Realtor? The post Agent Opinion: Should Home Buyers Pay their Realtor?  appeared first on FastExpert.

Mortgage rates have fallen to 6.1% from over 7% in the spring, pushing housing payments down by thousands of dollars in the Bay Area and hundreds of dollars in most other major metros. Redfin economists recommend house hunters who have been waiting for costs to decline jump in now, as mortgage rates