Real Estate News Today

NAR Announces Partnership With Chirpyest Chirpyest is a social commerce marketplace that empowers users to earn cash back when they shop and share their curated finds. Media Contact:  Spencer High 202-383-1051 Real Estate Technology

Empty-nest baby boomers own 28% of the nation’s large homes, while millennials with kids own just 14%.  Empty nesters take up a lot of large homes because affordability was better when they were young, and there’s no financial incentive to sell now: Most boomers own their homes free and clear, and m

AuthorAmanda Dodge.  Date: January 15, 2024 4:11 am If you are buying and selling in the same city, you can work with the same agent for both transactions or work with separate Realtors. Hiring two Realtors takes more work. It requires you to manage two different agents – possibly at the same time.

Sharon Millett & Vince Malta Appointed NAR Leaders The pair were appointed as members of NAR’s Leadership Team effective immediately and following a unanimous vote by the Leadership Team.

Most homeowners with mortgages have a rate below today’s average, prompting many to stay put. But the share of homeowners with relatively low rates has fallen from its record high because some have given up on waiting to move until rates nosedive, and everyone who has purchased a home in the last ye

Consumer prices rose slightly more than expected to close 2023, but the news shouldn’t move mortgage rates much or impact the overall housing market.  The December CPI report is unlikely to have much of an impact on financial markets or mortgage rates. Consumer prices rose slightly more than expecte

As mortgage rates hold steady in the 6% range and new listings tick up, mortgage-purchase applications and Redfin home tours are rising.  Redfin agents report that as the new year kicks off, more sellers are listing and more buyers are going on tours and applying for mortgages as rates remain in the

AuthorAmanda Dodge.  Date: January 11, 2024 5:57 am Housing inventory remains low, which means home prices are high. The number of buyers far exceeds the number of houses on the market in many areas, which creates a seller’s market. If you bought a rental property a few years (or a few decades) ago,

New VP and Directors to Strengthen RRF’s Mission The REALTORS® Relief Foundation announces Gregory Hrabcak as the new vice president, and David Legaz and JoAnne Poole as new directors. Media Contact:  Spencer High 202-383-1051

AuthorAlex Capozzolo.  Date: January 9, 2024 9:49 pm The honest truth of what it’s like to live in San Diego. There’s some real cons, but also some amazing pros to life on these sunny beaches. The post What’s It Really Like to Live in San Diego? appeared first on FastExpert.

NAR President Tracy Kasper Resigns Kasper said that due to a threat to disclose past personal non-financial matters, it was best for the organization that she step down. Media Contact:  Suzanne Bouhia

Rising supply has led to rising vacancies, motivating landlords to lower asking rents, which fell 1% from a year earlier. Rents dropped in the South and the West, but continued climbing in the Midwest and Northeast. The median U.S. asking rent fell 0.8% year over year in December to $1,964. That’s t

A look below the surface reveals a less-hot picture of the late-2023 labor market than the hot December jobs headline suggests. The latest jobs report is unlikely to impact mortgage rates much.  On the surface, the December jobs report appears to be a hot dataset that should cause interest rates to

The median U.S. housing payment is down nearly $400 from its October peak, enticing some sidelined buyers to get back in the game. Redfin’s Demand Index, which measures early-stage demand, is up 10% from a month ago. The median U.S. mortgage payment was $2,361 during the four weeks ending December 3

AuthorKelsey Heath.  Date: December 30, 2023 1:16 am Have you ever driven down the street of a city neighborhood and seen a small sign that reads, “We Buy Ugly Houses”? Most of us have seen the signs and haven’t thought much of it. Who sells their home to a company that puts up posters? Well, a larg

AuthorKelsey Heath.  Date: December 30, 2023 1:09 am Selling your home can be a lot of work, especially in a competitive market. The idea of selling your home with a lot less hassle and for a little more money sounds enticing. After all, no one likes dealing with real estate agents, buyers, negotiat

The share of homebuyers moving to a different metro area is coming down from a peak as it becomes less feasible to work remotely. For those who are relocating, the most popular destinations are relatively affordable places like Sacramento, Las Vegas and Spokane, WA.  The share of U.S. homebuyers loo

AuthorMargo Christophilis.  Date: December 28, 2023 3:22 pm Realtor insight! This guide will navigate you through the distinctive Seattle neighborhoods. Discover which area is best for you! The post Realtor Reveal: Which Seattle Neighborhood is Right for You?  appeared first on FastExpert.

Pending Home Sales Recorded No Change in November Pending-home sales rose in the Northeast, Midwest, and West, but fell in the South. All regions saw year-over-year declines in transactions. Media Contact:  Lauren Cozzi 202-383-1178

Declining mortgage rates and a double-digit increase in new listings are bringing house hunters off the sidelines, with pending sales posting their smallest decline in about 20 months.  We’re taking a break from analysis this week, but please see the tables and charts below for this week’s housing-m