Real Estate News Today

Buyers can afford a more expensive home now that mortgage rates have dropped to 6.7%, down from nearly 8% in October. Redfin economists don’t expect rates to rise or decline significantly in the foreseeable future.  A homebuyer on a $3,000 monthly budget can afford a $453,000 home with a 6.7% mortga

Pending Home Sales Climbed 8.3% in December The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices. Media Contact:  Lauren Cozzi 202-383-1178

Redfin agents in areas affected by inclement weather report slow homebuying activity, but agents in warmer locales say buyers and sellers are active as mortgage rates stay in the high-6% range, down from 8% a few months ago.  The median U.S. home-sale price rose 5.1% during the four weeks ending Jan

AuthorMargo Christophilis.  Date: January 24, 2024 8:13 pm Read the honest truth about living in Seattle from a seasoned realtor. 10 reasons to love Seattle and 5 to maybe not. The post The Truth About Living in Seattle appeared first on FastExpert.

AuthorAmanda Dodge.  Date: January 23, 2024 11:05 pm Both buyers and real estate investors can benefit from searching for off-market properties. These are houses that are not publicly found on the Multiple Listing Service (MLS) but are owned by people who are looking to sell. Off-market properties r

AuthorAmanda Dodge.  Date: January 23, 2024 11:02 pm Many homebuyers love the idea of purchasing a new construction property. They want to know that their house is in good condition, will be clean when they move in, and will come with new appliances and features. However, there is a common myth that

AuthorMike Jeppson.  Date: January 23, 2024 7:03 pm Living in Palm Springs, CA provides a laid-back atmosphere combined with high-end, resort-like amenities to offer a phenomenal lifestyle. The post Living in Palm Springs, CA – 11 Things to Love and 4 to Not appeared first on FastExpert.

High mortgage rates and an uptick in housing supply took some pressure off price growth, but prices aren’t falling because there’s still a shortage of homes for sale. Overall, price growth appears to be returning to pre-pandemic levels. U.S. home prices climbed 0.4% month over month in December, the

AuthorAmanda Dodge.  Date: January 23, 2024 4:45 am Selling a house is stressful in any circumstance. You are going through a major life change where everything you own needs to be packed up, transferred to a new location, and put back into place. However, selling a house in poor condition can be ev

AuthorAmanda Dodge.  Date: January 22, 2024 8:55 pm The first step when buying a house is making sure you qualify for a mortgage. Lenders will review your finances and provide an estimate of how much they are willing to give you. Along with submitting your pay stubs, bank statements, and other forms

AuthorBill Gassett.  Date: January 22, 2024 8:53 pm Homeowners should plan to on pumping a septic tank every 3-5 years and can expect to pay between $200 and $600 for septic tank pumping. The post You Got to Pump It Up…Pumping a Septic Tank appeared first on FastExpert.

AuthorAmanda Dodge.  Date: January 22, 2024 3:25 am Receiving a showing request is an exciting part of the home sale process. You have worked hard to improve your house while your Realtor has marketed it, and now a potential buyer wants to see what it looks like.  After the showing, your real estate

Existing-Home Sales Slid 1.0% in December The latest month’s sales look to be the bottom before inevitably turning higher in the new year, according to NAR Chief Economist Lawrence Yun. Media Contact:  Troy Green 202-383-1042

Homebuyers came out of the woodwork as mortgage rates posted the biggest monthly decline since 2008. Sellers also came off the sidelines, but not with as much force; new listings rose 0.1% to the highest level since September 2022. Prices jumped 4%, the most in over a year, as buyers competed for a

AuthorReal Estate Experts.  Date: January 18, 2024 4:15 pm FastExpert is proud to name the Neal & Neal team as the national top real estate agents for 2024! The post FastExpert National Top Real Estate Agent of 2024 | The Neal & Neal Team appeared first on FastExpert.

2024 is shaping up to be more active than 2023 for homebuyers and sellers, with mortgage applications and new listings rising. But Redfin economists believe demand and listings would be rising more if not for harsher-than-usual winter weather.  Homebuyers and sellers are gradually becoming more acti

AuthorAmanda Dodge.  Date: January 18, 2024 5:58 am If you are trying to buy a house but don’t have a large downpayment, you might consider entering into a rent-to-own agreement. With this option, you will rent a property for a year, and a portion of your rent check will go toward a down payment. Af

AuthorKelsey Heath.  Date: January 18, 2024 5:33 am What is a homeowner’s worst nightmare? A fire. Even the smallest of home fires can cause thousands of dollars in damage. It’s even more devastating if you are planning to sell soon or if you don’t have the funds to make the repairs. Usually, home i

NAR Announces 2024 Volunteering Works Recipients Volunteering Works pairs real estate agents who work on small-scale charitable efforts with mentors who can help them improve and expand their impact. Media Contact:  Spencer High 202-383-1051

26% of adult Gen Zers owned a home in 2023, little changed from 2022. Meanwhile, the homeownership rate for millennials rose to 55% from 52%, and the rate for Gen X climbed to 72% from 70%. Still, most adult Gen Zers are tracking ahead of where their parents were at the same age. That’s likely becau