Real Estate News Today

AuthorKelsey Heath.  Date: July 18, 2024 5:53 am We have all heard of the traditional 30-year mortgage, which most home buyers sign up for when they purchase a house. But did you know that you can finance your home purchase with a 40-year mortgage? A 40-year mortgage is an extended loan option that

Trevor Kemp is a Redfin principal agent on Long Island, New York. He joined Redfin in June 2024 after more than a decade at East End Luxury Real Estate. We caught up with Trevor to hear more about his experience at Redfin so far. You can connect with him on LinkedIn here. Tell us about your career b

AuthorAmanda Dodge.  Date: July 17, 2024 4:13 pm In the majority of home sales, the buyer takes possession of the house after the closing appointment. Until the closing date, they are not allowed to reside in the home, move any belongings inside, or even take over the keys to the property. However,

NAR Announces 12 Tech Startups for iOi Pitch Battle The Pitch Battle highlights innovation and solutions to some of real estate’s pressing challenges to transform the industry for the better. Media Contact:  Spencer High 202-383-1051 Real Estate Technology

The White House has proposed a national rent control policy, which sounds appealing in theory but would eventually increase costs for renters because it would exacerbate the supply shortage. If the policy were to go into effect now, it would impact some metros in the Northeast and Midwest–like Bosto

Foreign Investment in U.S. Existing Homes Down 21.2% The strong U.S. dollar makes international travel cheaper for Americans but makes U.S. homes much more expensive for foreigners. Media Contact:  Troy Green 202-383-1042 International Real Estate

NAR Responds to Administration’s Rent Control Plan NAR opposes attempts to cap or control rental rates. Price controls may seem appealing, but they have harmed the people we need to help the most. Media Contact:  Tori Syrek Rental Properties, Rental Housing Issues

Swing-state housing payments have nearly doubled since the 2020 election, as home prices and mortgage rates have soared.  To look at affordability another way, the typical swing-state home has gone from affordable to unaffordable for the typical family since the 2020 election. The typical family wou

Younger voters are more likely to be impacted by high housing costs, especially renters. Older voters have fewer concerns about housing affordability since they own homes in higher percentages. A pre-election interest rate cut would help voters view the housing market—and the economy in general—in a

AuthorKelsey Heath.  Date: July 16, 2024 2:32 am Financial hardship and unexpected expenses can lead to falling behind on taxes and even a tax lien on your property. Sometimes, selling your property with a tax lien can be the best solution. A tax lien is a legal claim on the property due to unpaid t

AuthorAmanda Dodge.  Date: July 16, 2024 2:14 am You might receive multiple offers if you have a desirable home in a seller’s market. This is the dream for most homeowners because it means you can move forward with the sale process and don’t have to keep scheduling showings. However, it can be hard

NAR Announces Partnership With RentRedi RentRedi makes property management tasks easy: listing units, tenant screening, leases, rent collection, managing repairs, accounting, and more. Media Contact:  Spencer High 202-383-1051 Property Management, Real Estate Technology

AuthorKelsey Heath.  Date: July 14, 2024 7:55 am Move-in-ready homes offer an easy transition. Home buyers don’t have to worry about new home construction or the stress and hassle associated with purchasing a property that needs work. Instead of immediate repairs or upgrades, buyers can focus on set

AuthorKelsey Heath.  Date: July 13, 2024 7:18 pm A 529 plan is a tax-advantaged savings plan for future education costs, legally known as a “qualified tuition plan.” This savings plan can be used to pay tuition and expenses related to room and board. But can you use a 529 to buy a house? In this art

Homebuyers on a $3,000 monthly budget have gained over $20,000 in purchasing power since mortgage rates peaked in the spring. House hunters who have been waiting for mortgage rates to start declining may want to get serious about buying a home soon. Mortgage rates dropped to their lowest level since

AuthorNicole Echelberger.  Date: July 11, 2024 9:01 pm Selling your home in NJ may seem like something anyone can do. The job of a real estate agent doesn’t seem so hard, can’t anyone do it? If you’ve ever tried to sell a home on your own, you know that real estate agents do a lot more than what is

It’s hot outside, but inflation is cooling. June’s CPI report is good news for the housing market, as it means the Fed is very likely to cut interest rates at their September meeting, the anticipation of which should push down mortgage rates immediately.  Lower-than-expected inflation in June cement

The median U.S. sale price is up 5% year over year. But there are signs that price growth could slow soon, with the average home selling for under list price, inventory rising and a high share of listings growing stale.  The median U.S. home-sale price hit an all-time high of $397,482 during the fou

Redfin’s chief economist and First Street’s head of research give homebuyers advice on how to think about climate disasters, insurance and home values when deciding what to buy  Natural disasters are increasingly threatening to the housing market, as many homes are at risk of becoming damaged, unins

REALTORS® Cite Inventory, Affordability in Sales Drop 73% of REALTORS® plan to remain in the real estate industry for at least two more years, despite 2023’s challenges. Media Contact:  Lauren Cozzi 202-383-1178