Real Estate News Today

AuthorAmanda Dodge.  Date: March 29, 2024 7:40 am Termites are colony-based insects that eat wood. Where you find one termite, you are likely to discover countless others. While termites aren’t harmful to humans – they don’t bite or sting – they can eat away at your home to the point where it is str

AuthorKelsey Heath.  Date: March 29, 2024 7:30 am An eviction is a legal process where a landlord has the legal right to remove a tenant who violates the lease terms agreement. Common lease violations that can lead to eviction include failure to pay rent, excessive property damage, or disruptive beh

Pending Home Sales Rose 1.6% in February Modest sales growth shows slow and steady progress from the lows of late last year. Media Contact:  Lauren Cozzi 202-383-1178

There are more homes for buyers to choose from, with new listings posting their biggest uptick in nearly three years.  The typical U.S. monthly housing payment hit an all-time high of $2,721 during the four weeks ending March 24, up 10% from a year earlier. Housing payments are at a record high beca

Buyers must earn nearly twice as much as before the pandemic to afford the typical starter home, due to the one-two punch of high prices and mortgage rates. One sliver of hope: Affordability of starter homes is slowly improving after hitting a low point at the end of 2023.  Homebuyers must earn $75,

Young Americans who have the means are turning to family for help with down payments as housing costs soar. Working a second job is also a popular way to save for a down payment, with 2 in 5 millennials and Gen Zers doing so.  More than one-third (36%) of Gen Zers and millennials who plan to buy a h

Buyers need to earn $114,000 to afford the typical U.S. home—35% more than the typical household makes. But that’s an improvement from October, when buyers needed to earn a record $121,000—51% more than the median household income. Mortgage rates have come down from their recent peak, giving buyers

AuthorMike Jeppson.  Date: March 25, 2024 4:43 pm Why isn’t my home selling? You may be accidentally sabotaging the sale of your home. because of these mistakes home sellers make. The post Expert Answers: 5 Common Mistakes Home Sellers Make appeared first on FastExpert.

AuthorAmanda Dodge.  Date: March 22, 2024 7:48 pm For many Americans, buying a house seems like a dream that is out of their reach if they don’t have a lot of money saved or have a high income level. Most people under the age of 35 have a median savings of $5,400, which is usually set aside for thei

Biden Addresses Land Use Barriers, Housing Production NAR has long advocated for promoting and accelerating housing production, and lauds the White House’s plan to increase the affordable housing… Media Contact:  Tori Syrek

AuthorAmanda Dodge.  Date: March 22, 2024 7:42 pm Applying for a mortgage is an important part of buying a house, but many people are confused by this process. One study found that 78% of people thought shopping around for a mortgage was at least moderately challenging, while 29% said securing a mor

NAR Urges Congress to Extend NFIP Before Expiration Americans deserve certainty and stability in the flood insurance marketplace so that they can protect their homes, businesses, and loved ones. Media Contact:  Tori Syrek

We’re bringing Redfin Next to seven more markets! Under this compensation plan, Redfin agents in Chicago, Connecticut, Dallas, Miami, New York, Palm Beach, and Washington, D.C. will earn competitive splits as high as 70% and have virtually all of their business expenses covered. They’ll also get the

The supply of homes for sale is picking up in time for spring homebuying season, and improving inventory is attracting some buyers. The total number of U.S. homes for sale climbed 5%,  the biggest year-over-year uptick since May 2023, during the four weeks ending March 17. New listings rose 15%, the

Existing-Home Sales Vaulted 9.5% in February Additional housing supply is helping to satisfy market demand, which has been on a steady rise due to population and job growth. Media Contact:  Troy Green 202-383-1042

The Fed’s announcement that they’re holding interest rates steady–but still project three rate cuts in 2024–won’t immediately send mortgage rates down, but it shouldn’t send them up, either.  The Federal Reserve announced they’re holding interest rates steady during their March 20 meeting, as expect

AuthorBill Gassett.  Date: March 20, 2024 5:59 pm Moving out of a house involves detailed planning and execution. From making necessary repairs to labeling your belongings. The post What To Do Before Moving Out of Your House appeared first on FastExpert.

NAR Testifies: Lack of Housing Affordability, Inventory Dr. Jessica Lautz discusses NAR research, confirms the housing market continues to have a deficit in housing inventory compared to housing demand. Media Contact:  Tori Syrek

AuthorAlex Capozzolo.  Date: March 20, 2024 3:20 pm Make the home sale process seamless for buyers and sell your home quickly. Learn from expert agent Alex on what you need to know! The post Expert Answers: 10 Secrets to Selling Your Home Quickly appeared first on FastExpert.

Response to Joe Biden’s Remarks on Housing Costs Commissions were already negotiable before the resolution was reached and will continue to be negotiable as they have been. Media Contact:  Suzanne Bouhia 202-383-1050 Fostering Consumer-Friendly Real Estate Marketplaces