Real Estate News Today

While mortgage rates remain elevated, they’re not as volatile as they were at the height of the pandemic, which has helped stabilize home price growth. Home price growth is finally back to where it was before the pandemic following a three-year rollercoaster ride in which prices soared when ultra-lo

Correcting the Record: NAR Does Not Set Commissions The rule that has been the subject of litigation requires only that listing brokers communicate an offer of compensation. Media Contact:  Suzanne Bouhia 202-383-1050 Legal, Fostering Consumer-Friendly Real Estate Marketplaces

AuthorAmanda Dodge.  Date: March 18, 2024 6:59 pm When you buy a piece of property, you will receive a deed that legally proves you own the land and any assets built on it. While the title is used to assign the property to your name, the deed is the legal document that proves this ownership. When yo

AuthorAmanda Dodge.  Date: March 18, 2024 6:54 pm The vast majority of real estate contracts make it to the closing table. One survey between March and May 2022 found that only 7% of real estate contracts fell through once both parties agreed to the terms. However, there are times when the buyer won

The National Association of Realtors today entered into a $418-million settlement agreement for a wide range of class-action lawsuits brought by home-sellers. Unlike the earlier settlements with large brokerages, NAR also agreed to what could be a major structural change: eliminating the field in li

NAR Reaches Agreement to Resolve Seller Claims The agreement would resolve claims against NAR, 1m+ NAR members, state and local REALTOR® associations, association-owned MLSs, and some brokerages. Media Contact:  Suzanne Bouhia 202-383-1050 Legal, Fostering Consumer-Friendly Real Estate Marketplaces

Housing supply is finally rebounding as sellers get used to elevated mortgage rates, but it’s not rebounding enough to curb home price growth. High housing costs mean many house hunters remain hesitant to commit. New listings jumped 3.8% month over month on a seasonally adjusted basis in February—th

AuthorAmanda Dodge.  Date: March 15, 2024 5:20 am Home improvements and additions can increase the overall value of your home. However, not all renovations provide the same level of financial benefits. You might get a higher return on investment by prioritizing some home improvements over others.  O

New listings rose 13% from a year earlier, their biggest increase in nearly three years, but home prices and mortgage rates remain elevated. The median U.S. monthly housing payment was $2,686 during the four weeks ending March 10, just $30 shy of last October’s all-time high. That’s due to a combina

AuthorDesiree Arredondo.  Date: March 13, 2024 4:53 pm Investing in vacation rentals can be a thriving business if you are strategic in choosing location, design and management. The post Investing in Vacation Rentals: Expert Tips for Profit in 2024 appeared first on FastExpert.

AuthorKelsey Heath.  Date: March 13, 2024 5:49 am Deciding whether to consult a real estate agent or mortgage lender first when buying a home is a common dilemma for first-time homebuyers. Working with a lender upfront provides clarity on your budget, and getting preapproved shows sellers you’re a s

AuthorKelsey Heath.  Date: March 12, 2024 10:54 pm What if you could cut your agent commission in half – or even down to 1%? On a $500,000 house, that’s handing over $25,000-$30,000 of your equity. But over the last few years, a disruptive new model has emerged – agents who offer full service for co

AuthorKelsey Heath.  Date: March 12, 2024 10:45 pm If you’re looking to buy a house in the Bay Area, you’ll probably be a little sticker-shocked, even more so if you’re from out of the area. Housing prices throughout the region are more than double the nation’s median home price. The San Francisco B

The latest CPI report essentially eliminates the chance that the Fed will cut interest rates in May, but they’re still likely to cut in June.   Core inflation came in slightly higher than expected in February. There are reasons to be worried about inflation getting stuck, but it’s not time to panic.

We’re expanding our Sign & Save program to more markets, including Chicago, Los Angeles, Philadelphia, San Diego and San Francisco. With Sign & Save, homebuyers who sign up to work with a Redfin agent before the second tour can get a refund of 0.25 – 0.5% of the purchase price at closing. “With Sign

AuthorBill Gassett.  Date: March 11, 2024 4:16 pm A new construction home inspection is essential to ensure your new home is built according to code and defect-free. The post New Construction Home Inspection: Should You Hire a Home Inspector for a New House? appeared first on FastExpert.

Rents hit a low point last February—one reason they’re now showing a sizable year-over-year uptick.  Another factor driving rents up: the jump in mortgage rates last month, which buoyed rental demand. The Northeast and Midwest were the biggest gainers, with asking rents rising roughly 5% from a year

Meanwhile, nearly two-thirds of respondents to a new Redfin survey say housing affordability makes them feel negative about the economy. More than half (53.2%) of U.S. homeowners and renters say housing affordability is impacting who they plan to vote for in the upcoming presidential election. That’

The latest jobs report was a mixed bag, but homebuyers and sellers can still expect the Federal Reserve to cut interest rates in May or June. The jobs report this morning was a pretty mixed bag, with higher than expected job gains for February, but also a higher than expected unemployment rate and l

NAR Thankful for SOTU Addressing Affordable Housing NAR research showed a nationwide housing shortage of 5.5 million affordable units, and commends the government’s commitment to solving the issue. Media Contact:  Tori Syrek