Real Estate News Today

NAR Reminds Members, Consumers of Practice Changes The practice changes following NAR’s Settlement Agreement to resolve claims related to broker commissions will be implemented across the country. Media Contact:  Mantill Williams 202-383-1128

NAR Announces 2025 Leadership Academy Class The 10-month program will prepare 20 emerging state and local volunteers for future leadership positions at NAR. Media Contact:  Lauren Cozzi 202-383-1178

Pending Home Sales Rose 4.8% in June The rise in housing inventory is beginning to lead to more contract signings, less intense multiple offers, and buyers in a more favorable position. Media Contact:  Lauren Cozzi 202-383-1178

AuthorAmanda Dodge.  Date: July 31, 2024 3:37 am As soon as a seller accepts your offer, you and your real estate agent will get to work fulfilling the contingencies set out in the purchase agreement. Your agent can schedule a home inspection while you secure a mortgage through a trusted lender. One

New Consumer-Focused Resources for NAR Practice Changes The resources will help both REALTORS® and consumers as they navigate the changes required by NAR’s March 15 settlement agreement. Media Contact:  Suzanne Bouhia 202-383-1050

Donald Trump has said he wants to lower mortgage rates and loosen building regulations, which would make homes more affordable and increase supply. Several of his other stances would also impact housing affordability; for instance, his policies could slow immigration–which would slow homebuilding–an

AuthorBill Gassett.  Date: July 29, 2024 2:57 pm A Massachusetts real estate agent shares the hardest parts of selling a house and how to make it easier for smooth sale. The post The Hardest Part of Selling a House: Overcoming Challenges appeared first on FastExpert.

AuthorKelsey Heath.  Date: July 28, 2024 7:14 am When building or renovating a home, the work needs to meet certain standards, commonly called building codes. Building codes govern construction and ensure safety, health, and overall compliance. Because building codes are dynamic, they can change ove

Jin Hong is a Redfin Premier agent in Orange County, CA. He joined Redfin in June 2024 after building a successful team at eXp. We caught up with Jin to hear more about his experience at Redfin so far. You can follow him on Instagram. Tell us about your career before Redfin. I was running a team of

Luxury home prices rose 8.8% year over year in the second quarter, more than twice as fast as non-luxury homes. Luxury home sales grew 0.2%, while sales of non-luxury homes fell 3.4% to the lowest level in a decade. Luxury homes sat on the market longer than a year ago, as inventory rose to the high

Monthly housing payments are falling as mortgage rates decline, but many house hunters remain on the sidelines, with pending sales posting their biggest drop in nearly nine months. That’s because sale prices are still near record highs; additionally, some would-be buyers are wary of political and ec

AuthorMegan Kilmer.  Date: July 24, 2024 5:22 pm Learn from a local real estate expert on how you buy a house in Santa Cruz County with record breaking prices and high competition. The post Summer 2024: How to Buy a House in Santa Cruz?  appeared first on FastExpert.

That’s up from 60% a year ago. More home listings are growing stale because high housing costs are dampening demand, while the supply of homes for sale is growing.  Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract. T

Existing-Home Sales Slipped 5.4% in June Homes are sitting on the market longer, and sellers are receiving fewer offers as a slow shift occurs from a seller’s market to a buyer’s market. Media Contact:  Troy Green 202-383-1042

About 56,000 home purchases were canceled, equal to 15% of homes that went under contract—the highest percentage of any June on record. Buyers are skittish due to elevated mortgage rates and record-high home prices. 20% of homes for sale last month had a price cut—the highest June share on record. M

Home prices grew 0.2% in June, the slowest pace since January 2023. Home price growth slowed in June for the fourth consecutive month. Falling mortgage rates and relatively low inventory levels are likely to keep prices ticking up slowly in coming months.  U.S. home prices rose 0.2% in June, the sma

AuthorAaron Gray, Sr..  Date: July 22, 2024 6:19 pm Expert Advice from a top Realtor. Selling your house in Pennsylvania can be smooth and successful with the right real estate agent The post How Do I Sell My House in Pennsylvania? appeared first on FastExpert.

AuthorChristy Crouch.  Date: July 19, 2024 9:40 pm Selling a home can feel very overwhelming and even stressful at times. It’s certainly less fun than purchasing a home. When selling a house, it is important to understand the various things that may come up along the way, which can create anxiety fo

8 Companies Announced for 2024 REACH Commercial Program The companies address hybrid office management, lowering carbon emissions, using artificial intelligence and big data, and creating fintech solutions. Media Contact:  Spencer High 202-383-1051 Commercial & Investment Real Estate, Real Estate Te

Mortgage rates dropped to their lowest level since February after the latest CPI report showed inflation cooling. Still, pending home sales posted their biggest decline in eight months. Daily average mortgage rates have dropped to their lowest level since February after last week’s cooler-than-expec