Real Estate News Today

48% of all homes for sale in August had been on the market for at least 60 days, up from 43% a year ago. The typical home took 37 days to find a buyer—six days longer than a year earlier. Homes are selling fastest in Seattle and slowest in Florida metros. Nearly half (48%) of all listings have linge

Buyers need to earn $115,000 to afford the typical U.S. home, down 1% year over year. That’s the first annual decline since 2020, thanks to falling mortgage rates, which just posted the first annual drop in three years. Still, the typical household only earns $84,000—27% less than it needs to afford

AuthorAmanda Dodge.  Date: September 23, 2024 6:55 am When you decide to sell your home, one of the first documents you will review is the comparative market analysis (CMA). This document evaluates similar properties in your area that have sold recently, providing a guide for what your home is worth

During the last election cycle, the typical swing state renter household earned 21% less than they needed to afford the median priced apartment.  Still, many renters feel the rent is “too damn high,” meaning the housing affordability crisis is a key issue for swing state voters deciding this year’s

Monthly housing payments have declined nearly $300 from April’s all-time high. Improving affordability has yet to push up pending sales, but that could change after the Fed cut interest rates for the first time since 2020 this week. The median U.S. housing payment was $2,534 during the four weeks en

AuthorSteph Matarazzo.  Date: September 19, 2024 8:47 am Getting ready to sell your home can be both stressful and exciting, especially in markets where homes are selling quickly and at high prices. Despite high prices, California is a desirable place not only to live, given its abundant sunshine, b

The Fed split the difference, relative to market expectations, by cutting rates by 50 bps today, but projecting only more gradual cuts from here on out. Mortgage rates are unlikely to move much today as markets had priced in aggressive expectations for rate cuts ahead of time. The Fed chose the more

Sales of existing homes dropped 1% month over month in August to a seasonally adjusted annual rate of 4 million, while pending sales fell 2%. Declining mortgage rates are giving buyers more purchasing power, but some house hunters are waiting on the sidelines in hopes that rates will fall further. O

AuthorBill Gassett.  Date: September 17, 2024 2:18 pm Expert Advice! Learn to negotiate real estate commissions from a Realtor with decades of experience. Honest, practical tips. The post How to Negotiate Real Estate Commissions appeared first on FastExpert.

Home prices grew 0.5% month over month in August, the fastest pace since April. On a year-over-year basis, home prices rose 6.7%, the smallest annual increase since January. 20 of the 50 most populous U.S. metros recorded a drop in home prices month over month. U.S. home prices grew 0.5% in August o

AuthorMargo Christophilis.  Date: September 17, 2024 1:53 am I’m a Realtor. Discover the best places to retire in Washington with vibrant communities, diverse landscapes, and a milder climate. The post Discover the Best Places to Retire in Washington State appeared first on FastExpert.

Redfin is closing out the summer strong by welcoming another great group of Newfins! The talented agents who joined us in August come from all corners of the industry, from boutique luxury firms to big homebuilders. And I’m always especially excited for those returning to Redfin after some time away

Today, the National Association of Realtors is considering proposals advanced by traditional brokers to undo the Clear Cooperation policy against pocket listings. This would hurt consumers. Listing Cooperation Creates an Open, Fair Market Buyers want to see all the homes for sale. Sellers want their

Mortgage-rate locks for second homes have dropped 13% since last summer—more than twice as much as rate locks for primary homes. Demand for second-home mortgages is likely cooling in part because some buyers are paying in cash to avoid elevated mortgage rates. But high prices, economic jitters and a

Falling mortgage rates have pushed the median U.S. housing payment down near its lowest level since January, but pending home sales have yet to improve. Many would-be buyers are hoping rates fall further, and others are waiting for clarity around the new NAR rules. The median U.S. monthly housing pa

AuthorAaron Gray, Sr..  Date: September 11, 2024 5:24 pm Keep the budget in check and reduce housing costs in retirement with these straightforward tips on how to C.U.T.C.O.S.T.S. The post Reducing Housing Costs in Retirement appeared first on FastExpert.

A touch-hotter-than-anticipated August CPI report nudges the Fed toward a 25 bps rate cut at its meeting next week. However, inflation remains cool enough that the Fed could still surprise with a 50 bps cut to get ahead of further weakness in the labor market or simply project the possibility of lar

This was originally published to Forbes on July 30, 2025. The pros and cons of owning a home versus renting one are changing along with the climate. Aspiring homeowners are already grappling with rising mortgage rates, record-high home prices and near-record rent prices, and now they’re having to fa

This was originally published to Forbes on August 29, 2024. The housing market is poised for a dynamic shift this fall, driven by recent declines in mortgage rates and the Federal Reserve’s anticipated rate cuts. This presents challenges for both buyers and sellers who want to time the market. Here’

The median asking rent climbed for the fifth consecutive month, up 0.9% year over year to $1,645. Rents dropped 17.9% in Austin—more than any other metro Redfin analyzed. East Coast and Midwest metros saw the steepest increases. Asking rents for 0-1 and 2 bedroom apartments remained flat, while 3+ b