Real Estate News Today

It’s official—Redfin Redesign is now available for both homebuyers and sellers! As of today, any homeowner can now upload a photo of their home and use our AI-powered home design tool to see how it would look with different design and decor choices. Powered by Roomvo, Redfin Redesign helps consumers

AuthorAlex Capozzolo.  Date: June 24, 2024 7:44 pm Selling your house in California’s diverse housing market requires purpose, intention, strategy, and an awesome FastExpert agent! The post How Do I Sell My House in California? appeared first on FastExpert.

Just 39% of renters make enough to afford the median-priced apartment.  The income renters need to afford the typical apartment is the highest since 2022 amid a rebound in asking rents, which are now just $47 shy of their record high.  The typical renter earns enough to afford the median-priced apar

AuthorKelsey Heath.  Date: June 23, 2024 6:19 am When buying real estate, the biggest hurdle is often saving enough money for a down payment. Many buyers start looking into alternative ways to fund a deposit. Some options include getting a gift, selling another asset, or grants for first-time homebu

AuthorAmanda Dodge.  Date: June 22, 2024 6:50 pm Every house has property lines that identify the size of the lot. Most homeowners respect these property lines and stick to their own acreage. However, there are times when your neighbor might build on your property or try to take part of your land. T

Existing-Home Sales Edged Lower by 0.7% in May The median existing-home sales price jumped 5.8% from May 2023 to $419,300 – the highest price ever recorded. Media Contact:  Troy Green 202-383-1042

Jonathan Chvala is a Redfin principal agent in Chicago. He joined Redfin in May 2024 after building and managing a successful team at Keller Williams. We caught up with Jonathan to hear more about his experience at Redfin so far. You can follow him on Instagram at @jonathansellschicago.  Tell us abo

Housing costs could come down in the coming months, as mortgage rates are coming down a bit and there are signs price growth could slow. Redfin agents report that there’s room for buyers to negotiate paying under list price for homes that need a bit of work. Pending sales post their biggest decline

AuthorBill Gassett.  Date: June 19, 2024 6:53 pm Earnest money shows the buyer’s serious intent, but is earnest money refundable? Ensure you get your deposit with these tips from an expert! The post Expert Advice: Is Earnest Money Refundable? appeared first on FastExpert.

NAR, CCIM Institute to Host C5 + CCIM Global Summit The summit provides business, learning and networking opportunities for commercial real estate professionals and looks to the future of the industry. Media Contact:  Troy Green 202-383-1042

Home prices rose 0.3% in May. Price growth is slowing thanks to a small uptick in new listings as elevated mortgage rates keep buyers at bay. Mortgage rates are expected to fall in the second half of the year, which would bring both buyers and sellers back to the market. If sellers come back faster,

June 18 Deadline to Opt In to the NAR Settlement Brokerages with a residential transaction volume of more than $2 billion in 2022 and MLSs must opt in to NAR’s Settlement Agreement by June 18,… Media Contact:  Suzanne Bouhia 202-383-1050

There have been only two months in the past decade with fewer home sales. High home prices, elevated mortgage rates and an ongoing housing shortage are deterring buyers.  The median U.S. home sale price hit a record high in May as demand continued to outpace supply, with the number of homes for sale

AuthorAmanda Dodge.  Date: June 14, 2024 2:32 am An essential part of buying a house is making an offer. This is your bid for the property that the seller will review and either accept, counter, or reject. Depending on your local real estate market, the house you are interested in might receive mult

Daily average mortgage rates dropped to their lowest level in three months after the May CPI report showed that inflation is continuing to cool. That could bring back some demand; for now, home sales are still declining. The median U.S. home-sale price hit an all-time high of $394,000 during the fou

AuthorAmanda Dodge.  Date: June 13, 2024 7:40 am Buying your first home is a significant life decision. Not only is this one of the largest purchases you have likely ever made, but it is also an investment in your future. You are going to make countless new memories in your home and reach other majo

In their June 12 meeting, the Fed held interest rates steady, and projected one rate cut before the end of the year. Markets had expected a projection of two rate cuts after the May CPI report showed inflation continued cooling–but it’s possible Fed officials were unable to fully take the latest inf

Summer is here, and so is a new group of incredible agents who are joining Redfin! Please join me in welcoming all of the talented lead agents who started in May. Redfin agent Vanessa Brandt Our Dallas office had a particularly busy month welcoming brand new hires as well as some returning colleague

NAR Announces Partnership With SIXT SIXT is a global leader in premium mobility services, provides high-quality rental car services in more than 100 countries, including the U.S. Media Contact:  Spencer High 202-383-1051

The May inflation report shows that inflation is continuing to cool, which could be the nudge the Fed needs to set the stage for impending rate cuts at their June meeting. That would be good news for the housing market, because it would bring mortgage rates down–at least slightly.  Inflation continu