Real Estate News Today

AuthorAmanda Dodge.  Date: May 26, 2024 8:28 am An increasing number of buyers are making cash offers on properties. According to the National Association of Realtors (NAR), 32% of all home purchases in January 2024 were made with cash. This reflects a steady increase in cash home purchases and beat

AuthorAmanda Dodge.  Date: May 24, 2024 2:03 am Experts estimate that investing in curb appeal can increase your home’s value by up to seven percent. Not only does it create a positive first impression that makes buyers excited to see the inside, but it can also boost the perceived value of your pro

Today we launched rental tools on Redfin to help homeowners, investors, property managers and agents list properties for rent on Redfin. With our new rental product, you can create and post a rental listing for free and connect with interested renters searching on Redfin’s site and mobile apps. “Whe

Prices keep rising because this spring’s inventory is lower than usual. The sliver of good news for buyers is that mortgage rates have declined slightly.  The median U.S. home-sale price hit a record $387,600 during the four weeks ending May 19, up 4% from a year earlier. Weekly average mortgage rat

Existing-Home Sales Retreated 1.9% in April Home sales changed little overall, but the upper-end market is experiencing a sizable gain due to more supply coming onto the market. Media Contact:  Troy Green 202-383-1042

AuthorAmanda Dodge.  Date: May 21, 2024 9:42 pm Deciding to sell a home is never easy. Homeowners often spend several weeks preparing their homes for listing in hopes of a speedy sale process. They have high hopes of receiving offers within a few weeks, or even a few days, of entering the real estat

Home prices grew 0.5% in April, the sixth consecutive month of similar increases. Elevated mortgage rates are curbing homebuyer demand, but prices continue to tick up because there aren’t enough homes for sale.  U.S. home prices climbed 0.5% from a month earlier in April on a seasonally adjusted bas

The share of houses for sale that are brand new is hovering at a level that’s nearly double the pre-pandemic rate.  One-third (33.4%) of single-family homes for sale in the U.S. in the first quarter were newly built, essentially unchanged from a year earlier but down from a record-high 34.5% two yea

2 in 5 new mortgages issued last year went to buyers under 35, and 27% went to buyers aged 35-44.  Young people take out the majority of mortgages because they’re of prime homebuying age, gaining financial stability and growing families. Plus, they’re less likely than older people to pay cash.  Buye

AuthorAmanda Dodge.  Date: May 19, 2024 3:26 am When it comes time to sell your house, you have the option of listing it as-is. This means you are not interested in requests from buyers to modify or repair the home before selling it. Selling a house as is allows homeowners to ensure a no-fuss sale b

The median home sale price rose 6% year over year to $434,000 as a lack of new listings buoyed prices. The total number of homes for sale hit a four-year high, but that’s partly because some houses are sitting stale on the market after being priced too high. 18% of homes for sale in April had a pric

Redfin Next is coming to 25 new markets! Agents in these markets earn competitive splits as high as 70% and have virtually all business expenses covered. They also get technology, support, benefits and customer introductions from Redfin.com—everything they need to amplify their business and focus on

Nine of the 10 metros facing the steepest drops in asking rents are in the Sun Belt. The exception is Seattle, where rents fell 7% year over year in April—the biggest decline among the metros Redfin analyzed. Nationwide, the median asking rent rose 1% to $1,648—the first increase in a year. The medi

Pending home sales are down and new listings are flat during a time of year when they typically rise. But this week’s softer-than-expected inflation report sent mortgage rates down, which could bring back some homebuyers and sellers.  Pending home sales fell 4.3% from a year earlier during the four

AuthorKelsey Heath.  Date: May 16, 2024 3:59 am Buying a house in another state can feel like navigating a maze blindfolded. You’re leaving a market that you feel comfortable and familiar with and entering another that’s unfamiliar. You don’t have relationships or connections and have to learn every

AuthorKelsey Heath.  Date: May 16, 2024 3:26 am If you are a U.S. military service member, qualifying veteran, or qualifying surviving spouse, you can qualify for a VA loan to purchase a home. A VA loan is a type of mortgage funded by private mortgage lenders but guaranteed by the U.S. Department of

AuthorKelsey Heath.  Date: May 15, 2024 11:54 pm Buying a house is exciting, but it’s also one of the most significant purchases of your life. Knowing how much to offer to get the home of your dreams is crucial. The strategy behind making an offer isn’t just about how much you can pay but how to be

The April CPI report came in just a tad softer than expected, which means mortgage rates should come down slightly and leaves open the possibility that the Fed will cut interest rates this summer.  April’s inflation report came in slightly soft, but mostly as expected. The report takes the worst-cas

Investor purchases climbed 0.5% from a year earlier in the first quarter—the first uptick since mid-2022.  California markets saw the largest increases, with investor purchases jumping more than 20% in San Jose and Oakland. Investors are coming off of the sidelines partly because they’re making more

AuthorKelsey Heath.  Date: May 15, 2024 10:16 am For many homeowners, selling their house marks the beginning of an exciting new chapter. But it also creates a tricky situation – finding temporary housing between the sale closing and moving into their next home. This transitional period can range fr