Real Estate News Today

Asking rents fell a record 12% year over year in Jacksonville last month, and also declined in Tampa, Orlando and Miami. Austin, TX posted a record drop, too. Florida and Texas built a lot of apartments to meet surging demand during the pandemic, and now property owners are lowering prices as they c

Redfin Premier agent Julie Granahan It’s my honor to introduce you to our June Newfins! I’m excited to welcome this group of talented lead agents and look forward to seeing what they achieve at Redfin. I love seeing so many returning Redfinnians like Julie Granahan, who is joining our Seattle team a

Builders obtained permits to construct 13 multifamily units per 10,000 people this year, down from an average of 18 in 2021-2023. They’ve pumped the brakes because borrowing costs are high and there’s already a near-record number of units hitting the market, which is limiting rent-price growth. Land

This article was co-authored with Floyd Marinescu and was originally published in the Toronto Star on June 22, 2024. Canada faces a housing crisis, with median home prices in Canadian metros reaching $788,000, and soaring to $1.17 million in Toronto. This has made the dream of owning a home unattain

AuthorAmanda Dodge.  Date: July 7, 2024 8:31 am In late 2021, mortgage interest rates dropped below 3%, making loans affordable for buyers who were looking to enter the housing market. In 2024, the average 30-year fixed interest rate is around 7%, increasing monthly mortgage payments and making loan

AuthorAmanda Dodge.  Date: July 7, 2024 8:29 am When you take out a mortgage, your lender will have several forms and documents for you to sign. One of these pieces could be a deed of trust, which highlights that the lender holds on to the legal title through a trustee until the loan is paid off. Th

Continued cooling in the labor market, as shown in the June jobs report, points to a September rate cut from the Fed as long as next week’s inflation data is cooperative. An unexpected uptick in the unemployment rate from 4.0 to 4.1 showed the labor market continuing to soften, but without signaling

Pending home sales posted their biggest decline since February during the four weeks ending June 30. The good news for prospective buyers: There are more new listings to choose from, and monthly housing payments are down nearly $100 from their April peak as mortgage rates decline. We’re taking a bre

NAR Defends Consumer Choice in Settlement Consumer choice is paramount, particularly when it comes to determining the nature & cost of professional representation in a real estate… Media Contact:  Mantill Williams 202-383-1128

AuthorMike Jeppson.  Date: July 1, 2024 10:35 pm Set your offer apart from your competition and sweeten the offer on a home with these tips from an expert real estate agent. The post How to Sweeten an Offer on a Home appeared first on FastExpert.

Shannon McGahn Recognized as a 2024 Women of Influence Shannon McGahn, Chief Advocacy Officer, has built a bipartisan operation that’s consistently delivered wins for NAR’s 1.5 members. Media Contact:  Tori Syrek Independent Contractor Status, Zoning, Fair Housing, Taxes

47% of U.S. apartments that were completed in the fourth quarter were rented within three months, down from 60% a year earlier. There are more new apartments hitting the market than normal. As a result, building owners are competing with one another for tenants, which is limiting how much they can b

AuthorKelsey Heath.  Date: June 29, 2024 9:41 pm Selling a house is a complex process under the best circumstances, but when your name is on the deed but not on the mortgage, it adds another layer to the transaction. This situation isn’t as uncommon as you might think, and it raises several critical

AuthorAmanda Dodge.  Date: June 29, 2024 3:16 am A Home Equity Line of Credit (HELOC) allows you to borrow against the value of your home. Most lenders will allow you to borrow up to 85% of the equity you have in your home, and you can use the funds for a variety of things. Some people take out HELO

NAR Offers Support for New Biden Housing Plan The plan mirrors many policies also advocated by NAR to help lower housing costs and increase housing supply. Media Contact:  Tori Syrek Mortgages & Home Financing, Zoning

AuthorAmanda Dodge.  Date: June 28, 2024 5:33 am Your real estate agent is an essential partner in the home sale process. You will talk with them almost daily from your listing date until you close. You will have difficult conversations at times about pricing, staging, and buyer concessions. While t

Pending Home Sales Dropped 2.1% in May The first half of the year did not meet expectations regarding home sales but exceeded expectations related to home prices. Media Contact:  Lauren Cozzi 202-383-1178

Starter homes are affordable to a Black family earning the local median income in 10 major U.S. metros: Detroit, St. Louis, Baltimore, Indianapolis, Philadelphia, Cleveland, Pittsburgh, Warren, Columbus and Kansas City. For white families, starter homes are affordable in 32 major metros.  In San Fra

The typical U.S. home that sold during the four weeks ending June 23 sold for 0.3% less than its asking price. This marks the first time the typical home has sold under list price this time of year since the onset of the pandemic in 2020, when the housing market nearly ground to a halt. The typical

AuthorMargo Christophilis.  Date: June 26, 2024 4:18 pm If you wait until Fall to sell you’re house you’ll have less competition and the potential for serious buyers, but there are also challenges. The post Agent Advice: Should I Wait Until Fall to Sell My House? appeared first on FastExpert.