Real Estate News Today

AuthorAmanda Dodge.  Date: May 3, 2024 11:13 pm Many homebuyers know how important it is to interview multiple Realtors before hiring the best one; however, fewer people know that you should talk with multiple lenders. Just because you get pre-approved with one lender doesn’t mean you have to go wit

The April jobs report is a step in the right direction for homebuyers. It should cause mortgage rates to decline slightly, and it puts 2024 rate cuts more solidly on the table–but the next inflation report will be more significant for the direction of rates. After three months of hot data, we finall

White people took out 62% of new mortgages last year, down from 64% in 2022 and 70% in 2018. Meanwhile, the share taken out by Hispanic, Black and Asian buyers ticked up. People of color are taking out a rising share of mortgages because an increasing share of them are of prime homebuying age, and b

The AI-powered tool is available to all Redfin iPhone app users across the U.S.  Since its beta launch on March 7, Ask Redfin has made house hunting a little easier—and now all people searching via the Redfin iPhone app in the U.S. will automatically see it on a home’s listing page.  Ask Redfin is o

Inventory is below typical April levels, driving home prices up. Continually rising mortgage rates are further eroding affordability–and this week’s Fed meeting confirmed that mortgage rates are likely to hold steady for the foreseeable future. The median home-sale price rose from a year earlier or

In their May 1 meeting, the Fed held interest rates steady and didn’t take the possibility of rate cuts later this year off the table. For homebuyers, the meeting shouldn’t move the needle on mortgage rates; the more important piece of economic news will be the next inflation report.  The Federal Re

CRD Partners With Shaping Wealth To Empower Agents CRD’s partnership with Shaping Wealth will enhances NAR members’ ability to serve their clients with empathy, integrity and professionalism. Media Contact:  Spencer High 202-383-1051

NAR Applauds GSEs and FHA for New Appraisal Process The new process allows consumers to more readily obtain a second look at appraisals when they disagree with them. Media Contact:  Tori Syrek Appraisal & Valuation

AuthorAmanda Dodge.  Date: May 1, 2024 6:26 am If you have accepted a job in a different part of the state, or across the country, you might have to move in a hurry. Some companies only give their employees a few weeks to pack their belongings, move to the new town, and settle. Considering most home

Realtors®’ Charitable Giving and Volunteering Increased Monthly volunteering and monetary donations by REALTORS® both increased in 2023, demonstrating REALTORS®’ continued dedication to giving back. Media Contact:  Lauren Cozzi 202-383-1178 Community Outreach

NAR Lauds FHFA Fair Lending, Equitable Housing Plans The FHFA’s work promotes more fairness and greater soundness in the housing finance system and more homeownership opportunities for more… Media Contact:  Tori Syrek Fair Housing

AuthorAmanda Dodge.  Date: April 30, 2024 8:40 am If the owner of a property recently passed away, then the house is likely in probate. This is the court system that reviews wills and allocates assets. As a buyer, you are unable to make an offer on the house during this time because the asset needs

A similar share of Trump voters want to live in a place that has laws allowing discussion of LGBTQ topics in schools and laws ensuring equality based on gender or sexual orientation. Over half of Trump voters say they don’t want to live somewhere with easy access to mail-in-voting. Biden voters feel

AuthorKelsey Heath.  Date: April 29, 2024 8:43 am FHA loans are one of the most common types of home loans, especially for first-time homebuyers.  An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). FHA loans are designed to help lower-income and first-time homebuyers by a

AuthorAmanda Dodge.  Date: April 27, 2024 11:35 pm There are many reasons why someone would want to learn who owns a specific property. As a buyer, you might want to discover why someone is selling the home. This could help you make a competitive offer based on what you discover. Investors also look

Pending Home Sales Ascended 3.4% in March NAR forecasts 4.46 million existing-home sales in 2024, a 9% increase from 2023. Media Contact:  Lauren Cozzi 202-383-1178

The number of homes for sale in Cape Coral, FL and North Port, FL surged roughly 50% from a year earlier in March—more than anywhere else in the country. And in McAllen, TX, supply jumped 25%. Housing supply is soaring because both states have been building a lot of homes, which is limiting home pri

The median U.S. home price rose 5.2% year over year this week, and mortgage rates hit their highest level since November 2023. Prices continue to rise partly because there are still serious buyers searching for homes.  The median U.S. home-sale price hit a record $383,725 during the four weeks endin

AuthorBill Gassett.  Date: April 24, 2024 6:02 pm Craft a winning real estate offer in Massachusetts by making the highest bid, utilizing an escalation clause, waiving contingencies and… The post How to Write a Winning Real Estate Offer in Massachusetts appeared first on FastExpert.

AuthorKelsey Heath.  Date: April 24, 2024 7:00 am Owning real estate comes with the tax burden of property taxes. In cases where property owners encounter financial difficulties, these taxes may go unpaid, leading to what are known as delinquent taxes. Delinquent taxes on a property occur when the o