Real Estate News Today

Existing-Home Sales Advanced 1.3% in July Consumers are seeing more choices, and affordability is improving due to lower interest rates. Media Contact:  Troy Green 202-383-1042

HOA dues are up more than 15% from a year ago in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across the 43 metros Redfin analyzed.  The Sunshine State is seeing HOA fees jump due to skyrocketing insurance costs and new safety requirements in the wake of the Surfside condo c

Signals of early-stage homebuying demand, including home tours, are gaining momentum as mortgage rates stabilize at a 15-month low.  The median U.S. monthly mortgage payment was $2,587 during the four weeks ending August 18, its lowest level since February and down 0.1% from a year earlier. That’s a

AuthorBill Gassett.  Date: August 21, 2024 3:26 pm Deciding whether to pay off your mortgage when you retire involves evaluating financial considerations, tax implications, liquidity, and… The post Should You Pay Off Your Mortgage When You Retire? appeared first on FastExpert.

Democratic presidential nominee Kamala Harris unveiled a plan that promises to combat the housing affordability crisis, and boost supply and demand. Harris’s plan is appealing, but will take a careful balancing act to pull it off. U.S. home-sale prices have risen nearly 40% since President Biden too

Home prices grew 0.2% in July, equal to the slowest pace since January 2023. Twenty of the 50 most populous U.S. metros recorded a drop in home prices. Prices continue to inch up due to a lack of inventory and competition. U.S. home prices ticked up 0.2% for the second-consecutive month in July, on

AuthorMargo Christophilis.  Date: August 19, 2024 5:26 pm Choosing the best option to sell your house is a significant decision that can impact your financial future. The post Who is Best to Sell Your House? appeared first on FastExpert.

Nykia Wright Named Permanent NAR CEO Under Wright’s leadership, NAR is sharpening its focus on its core mission of serving members, communications, and organizational agility. Media Contact:  Mantill Williams 202-383-1128, Natalie Bauer Luce 312-228-4790

Sales of existing homes fell 2% year over year to a seasonally adjusted annual rate of 4.1 million in July. Pending sales were down 3% month over month and 6% year over year—both of which were the biggest drops in nearly a year. Home prices were just 0.7% below their record high—one reason buyers st

NAR Practice Changes Implementation on August 17, 2024 The practice changes follow NAR’s Proposed Settlement Agreement to resolve claims brought on behalf of home sellers related to broker… Media Contact:  Mantill Williams 202-383-1128

These swing states have not turned blue despite the influx of people who have moved in from California and other blue states. And Redfin’s analysis found that Democrats haven’t gained ground relative to Republicans in the two southwestern swing states since Kamala Harris replaced Joe Biden. Two swin

Despite high mortgage rates pushing down demand, historically low inventory keeps pushing up home prices, and therefore values. That’s good news for homeowners, but challenging for buyers.  Nearly one in 10 (8.5%) U.S. homes are worth $1 million or more, the highest share of all time. That’s up from

AuthorKelsey Heath.  Date: August 16, 2024 5:34 am Whether you’re a homeowner, renter, or living with family, the health of the real estate market will impact you. It’s important to know what happens to homeowners if the housing market crashes so that you can hedge your finances. A housing market cr

Summer is in full swing, and Redfin isn’t slowing down on our plans to keep growing! Last month, we were lucky to welcome–and welcome back, in some cases–a big group of talented agents to Redfin. Please help me give a warm welcome to all of the amazing folks who joined us in July!  This group of New

Dear Redfin Customers, As many of you have already heard from your Redfin agent, by the end of this week, most local Multiple Listing Services (MLSs) are changing two rules: Listings can no longer use the MLS to offer buyers’ agents a commission Prior to serving customers, buyers’ agents must disclo

Investor home purchases rose 3% year over year in the second quarter amid strong demand from renters, many of whom can’t afford to buy homes. Investors bought 1 of every 6 U.S. homes that sold—purchasing $43 billion worth of properties—and 1 of every 4 low-priced homes that sold. Single-family homes

The median U.S. housing payment has dropped to nearly $250 below its springtime peak as mortgage rates decline. While Redfin agents are reporting a modest uptick in touring, pending home sales are down 5% year over year.  The median housing payment for U.S. homebuyers has dropped to its lowest level

AuthorKelsey Heath.  Date: August 15, 2024 6:03 am A townhouse can be a fantastic asset to own- they usually have fewer maintenance requirements than a single-family home but provide many of the same benefits. Homeowners, real estate investors, and tenants love them for their convenience and indepen

AuthorAmanda Dodge.  Date: August 15, 2024 5:14 am When you decide to buy a house, the sale price is only the first expense. Every transaction comes with closing costs, no matter whether you are taking out a mortgage or buying with cash. Closing costs are a variety of charges related to the home sal

AuthorAlex Capozzolo.  Date: August 15, 2024 12:02 am From hustling cities to quaint and picturesque towns, check out the best places to retire in Pennsylvania. The post The Best Places to Retire in Pennsylvania appeared first on FastExpert.