Real Estate News Today

Home prices rose 0.5% month over month in January, on par with December’s gain, as the drop in mortgage rates at the end of last year gave buyers a bit more purchasing power. U.S. home prices climbed 0.5% from a month earlier in January, matching the 0.5% gain seen in both December and November. On

Racial Minority Groups Increased Homeownership Rates A new report from NAR delves into homeownership trends within each racial group and explores obstacles encountered in the pursuit of homeownership. Media Contact:  Lauren Cozzi 202-383-1178 Working With Buyers

New listings dropped for the first time since June and pending sales growth slowed; stagnating mortgage rates and the biggest home-price jump in over a year caused the market to lose momentum. Housing market activity stalled slightly in January as mortgage rates stopped falling, housing costs climbe

Home prices posted their biggest annual increase in 15 months and mortgage rates rose this week. High housing costs, along with seasonal factors like the Super Bowl, pushed down pending sales.  The median U.S. home-sale price rose 6.1% year over year during the four weeks ending February 11, the big

Policy Forum Addresses Home Buyers’ Challenges The forum brought together housing and economic experts, policymakers, and industry stakeholders to address the challenges hindering homeownership. Media Contact:  Tori Syrek

Elevated home prices and mortgage rates, along with sluggish rents, have made low-priced homes increasingly attractive to investors. Investors bought 18% of all homes that sold in the fourth quarter, up slightly from a year earlier. Overall, investor home purchases dropped 11% from a year earlier, t

Homeowners are staying put longer than they were in the early aughts. That’s largely because older Americans are aging in place and it’s difficult to find and afford houses, but partly because it was easy to get mortgages in the early 2000s. Tenure has declined a bit from its 2020 peak due to the pa

AuthorAmanda Dodge.  Date: February 14, 2024 12:38 am No one wants their house to languish on the market, but some people are in more of a hurry than others. If you need to sell your house fast, it’s possible to list it and get under contract in an incredibly short period – even within five days. Ho

Gabe Schmidt is a Redfin Premier agent in Orange County. He joined Redfin in December 2023 after building a successful team called Eighteen Property Group. We took some time to get to know him and learn more about his experience at Redfin so far.  What were you doing before you joined Redfin? I’ve b

The latest inflation report came in hotter than expected. For homebuyers and sellers, that means mortgage rates are likely to stay elevated for now–but we still expect them to decline by the end of 2024.  Inflation came in higher than expected in January, meaning mortgage rates should settle in the

AuthorAmanda Dodge.  Date: February 13, 2024 3:58 am Buying another house when you already own a home is a common practice. Some people purchase investment properties to grow their wealth while others want vacation homes for weekend escapes. Even if you only want to live in one house, you might deci

Roughly 1 million more people moved out of than into U.S. metros with high risk from poor air quality in 2021-2022, while low risk metros saw 1 million more people move in than out. Some people are leaving risky areas because they’re worried about air quality, but many are moving because they’ve bee

Today, Redfin became the first brokerage to publish air quality risk data, which is available for nearly every U.S. home on Redfin.com and the Redfin iOS app. It will be available on Android later this year. That means you can now use Redfin to find important information about a home’s air quality,

Rents haven’t fluctuated much over the past year, rising 1% in January—a far cry from double-digit growth during the pandemic. Landlords don’t have much room to boost prices as they grapple with rising vacancies and the pandemic housing frenzy moves further into the rearview mirror. The median U.S.

AuthorLeigh Marcus.  Date: February 8, 2024 11:20 pm Realtor Leigh Marcus shares his valuable insight on North Side Chicago Neighborhoods, where he lives and works. The post Chicago Neighborhoods: North Side Home Buying appeared first on FastExpert.

Redfin is kicking off 2024 strong. We’ve added some amazing agents and managers to our teams across the country! They bring experience from all corners of the industry, from real estate tech startups to big-name brokerages.  Please join me in welcoming (or welcoming back in some cases) the folks who

Nine Companies Join REACH Australia and New Zealand REACH is a cornerstone for tech companies aiming to scale their growth and make an impact on the real estate communities of Australia and New Zealand. Media Contact:  Spencer High 202-383-1051

Majority of Metro Areas Saw Home Price Gains in Q4 2023 Fifteen percent of the tracked metro areas saw double-digit price increases in Q4 2023, and the 30-year fixed mortgage rate fell from 7.79% to 6.61%. Media Contact:  Troy Green 202-383-1042

NAR Opens Applications for 2024 Good Neighbor Awards NAR’s Good Neighbor Awards honor NAR members who exemplify dedication to volunteer service and make significant impacts in their communities. Media Contact:  Spencer High 202-383-1051

High mortgage rates and harsh weather are pushing down home sales, but some house hunters are touring and getting a feel for the market.  The bumpy start to 2024’s housing market continues, with daily average mortgage rates posting their biggest one-day increase in over a year on February 2. The jum