Real Estate News Today

Ted Chen is a Redfin Premier agent in the Bay Area. He joined Redfin in December 2023 after building a successful team at eXp Realty. We caught up with Ted to hear more about his experience at Redfin so far. What were you doing before you joined Redfin? I’ve been in the real estate industry for near

Local laws and politics have become increasingly important as the nation gets more politically divided, and homebuyers have more flexibility than they used to in choosing where to live.  Roughly one-third (32%) of real estate agents have at least one client who moved primarily because of local laws

AuthorSteph Matarazzo.  Date: February 6, 2024 10:56 am Top FastExpert Agents for 2024 Real estate agents in states all over the country did their best to serve their clients as they navigated the housing market in 2023. That meant getting creative, pushing the envelope, and making themselves availa

AuthorSteph Matarazzo.  Date: February 6, 2024 10:56 am Top FastExpert Agents for 2024 Real estate agents in states all over the country did their best to serve their clients as they navigated the housing market in 2023. That meant getting creative, pushing the envelope, and making themselves availa

AuthorChris Spina.  Date: February 5, 2024 2:28 pm Increasing mortgage rates put pressure on the Florida housing market, but a growing population and beautiful weather preserve strong demand. The post How is the Real Estate Market in Florida? appeared first on FastExpert.

The latest jobs report came in stronger than expected. Together with the Fed press conference and news from the U.S. Treasury this past Wednesday, this week’s economic news is a wash for mortgage rates: They’re ending the week where they started. The January jobs report came in with monster numbers.

New construction has taken up a growing share of the for-sale housing pie because homebuilding has increased and the number of individual homeowners selling has decreased. Builders are offering sizable discounts to attract buyers and offload inventory, but they’ve also boosted prices. Nationwide, 31

Redfin’s Homebuyer Demand Index, which measures requests for home tours and other services from Redfin agents, is ticking up as the spring home-selling season draws nearer. That hasn’t yet converted to a meaningful improvement in pending sales–but Redfin agents expect it will in the next few months.

In more than 50 markets, homebuyers who hire Redfin after the first home tour get a refund of up to 0.5% of the purchase price back when they buy a home Today we announced Sign & Save, a new way for consumers to get a better deal in real estate. Homebuyers who sign up to work with a Redfin agent bef

AuthorAmanda Dodge.  Date: February 1, 2024 7:10 am More than a third (34.1%) of home purchases in late 2023 were made with cash. This is a significant uptick compared to recent years and directly correlates to higher interest rates. When rates were lower, more people could afford mortgages and beco

AuthorKelsey Heath.  Date: February 1, 2024 7:04 am In a real estate market with limited supply, we’ve heard from many homeowners about increasing unsolicited offers on their properties. When you are approached with a private offer to buy your home, you may encounter several challenging scenarios. D

AuthorKelsey Heath.  Date: January 31, 2024 11:02 pm It’s one thing to sell a house that needs simple upgrades, like a new kitchen or carpets. But how do you sell a house that needs major repairs? If a property is significantly damaged or has extensive deferred maintenance, renovations are not only

AuthorAmanda Dodge.  Date: January 31, 2024 10:46 pm In most cases, homeowners work with real estate agents to market their properties and attract buyers. However, there are times when a private offer comes through that the seller seriously considers. There are both legal and ethical implications th

The Fed essentially took a March interest-rate cut off the table, which means mortgage rates are likely to stay higher for longer. But we still expect rates to gradually decline by the end of the year, making buying a home a bit more affordable.  The Fed announced they’re holding interest rates stea

NAR’s Fair Housing Video Series Receives Esteemed Award NAR is steadfast in its commitment to providing tools and resources to help members tackle hidden biases and treat all consumers fairly. Media Contact:  Tori Syrek Fair Housing

Prices of luxury homes rose at twice the pace of non-luxury homes at the end of 2023,   partly because elevated mortgage rates are irrelevant to many affluent buyers. Low inventory is another factor driving prices up: Even though luxury new listings rose, overall supply is still below pre-pandemic n

That’s Who We R, First-Time Buyer Show REALTOR® Value The sixth iteration of the “That’s Who We R” national advertising campaign offers consumers a first-hand look at what REALTORS® can do… Media Contact:  Suzanne Bouhia 202-383-1050

AuthorKelsey Heath.  Date: January 30, 2024 6:20 pm Times can get tough, and when that happens, making ends meet and paying your mortgage can seem impossible. Fortunately for homeowners, mortgage lenders offer ways to help borrowers experiencing financial hardship. Instead of going straight into for

Far fewer homebuyers are leaving the Bay Area as life returns to pre-pandemic norms, with many tech companies requiring in-person work and the novelty of less expensive inland areas fading.  The Bay Area had a net outflow of 26,000 homebuyers in the fourth quarter, down 13% year over year and down b

AuthorKelsey Heath.  Date: January 29, 2024 8:33 pm When potential buyers pull up to a property, the yard is one of the very first things they see. A nice lawn, landscaping, and ornamental touches convey a welcoming vibe and give buyers a positive first impression. Many studies show that a great yar