Real Estate News Today

NAR Praises Actions on Commercial Property Conversions NAR President: NAR is extremely appreciative of the Administration’s work to bring attention to and help address this critical, nationwide problem. Media Contact:  Tori Syrek Commercial & Investment Real Estate, Residential Real Estate

AuthorKelsey Heath.  Date: October 27, 2023 6:49 am Gone are the days when getting a loan to buy a property meant strolling into your local bank, sitting down with a banker, and getting set up with a mortgage. Today, there are far more options for home buyers and investors, and often it comes down t

AuthorKelsey Heath.  Date: October 27, 2023 6:38 am Gone are the days when getting a loan to buy a property meant strolling into your local bank, sitting down with a banker, and getting set up with a mortgage. Today, there are far more options for home buyers and investors, and often it comes down t

Pending Home Sales Grew 1.1% in September Pending contracts remain at historically low levels due to the highest mortgage rates in 20 years. Media Contact:  Lauren Cozzi 202-383-1178

Albany, Rochester and Buffalo are among the nation’s fastest housing markets. Austin, once known for its speed, is one of the slowest. In Albany, NY, the typical home that sold in September went under contract in just eight days, making it the fastest market in the country. Next came Rochester, NY (

New listings have posted their first annual increase since July 2022 as some sellers tire of waiting for mortgage rates to come down and others worry that prices will decline.   New listings of homes for sale rose 0.3% from a year earlier during the four weeks ending October 22–a small increase, but

AuthorAlex Capozzolo.  Date: October 25, 2023 7:40 pm Agent Advice: Utilize these strategies to save money when buying a home. 1. Work closely with your Realtor to negotiate closing costs. The post 5 Ways to Stretch Your Dollar & Save Money When Buying a House appeared first on FastExpert.

Homebuyers are looking to leave Austin as housing costs stay high, and some recent transplants move back to their hometowns. On the other side of the coin, Sacramento, Las Vegas and Orlando are the most popular destinations for homebuyers despite increasing climate risk.  More homebuyers looked to l

In San Francisco and Los Angeles, Redfin is launching a new pay plan offering the agents we employ traditional commission splits, paired with Redfin’s customers, benefits and support. Agents interested in learning more about the plan can visit redfin.com/max.  A Split Up to 75%. 100+ Customers per Y

AuthorKevin Bautista.  Date: October 24, 2023 5:04 pm Achieving the highest possible ROI for your rental property requires careful planning, strategic decision-making, and a proactive approach. The post How to Get the Biggest ROI For Your Rental Property appeared first on FastExpert.

AuthorBill Gassett.  Date: October 23, 2023 6:25 pm Costs, finances, and preferences are all at play when comparing building a house vs buying. Read agent advice and decide what’s best for you! The post Building a House vs Buying: What Home is Right For You? appeared first on FastExpert.

New listings inched up as some homeowners opted to cash out, fearing that elevated mortgage rates could drive a drop in home prices. Pending sales also saw a slight bump as the uptick in listings brought some house hunters off the sidelines. But home purchases fell through at the highest rate in nea

Existing-Home Sales Fell 2.0% in September Regionally, sales rose in the Northeast but receded in the Midwest, South and West. All four regions of the U.S. saw year-over-year sales declines. Media Contact:  Troy Green 202-383-1042

Redfin economists say this is likely to be the slowest sales year since the Great Recession as persistently high mortgage rates and low inventory spook buyers.  This year is likely to end with roughly 4.1 million existing home sales nationwide, the fewest since the housing bubble burst in 2008 after

AuthorMegan Kilmer.  Date: October 18, 2023 4:58 pm The 2024 Santa Cruz housing market promises a continuation of a seller’s market, with an emphasis on eco-friendly and sustainable properties. The post Santa Cruz Housing Market – Surfing the Waves of Opportunity appeared first on FastExpert.

Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for first-time buyers. The typical buyer needs to earn 15% more than they did a year ago–and wages are only up 5%. It’s harder than ever for Americans to afford a home.  A homebuyer must e

AuthorAmanda Dodge.  Date: October 16, 2023 1:51 am There are multiple ways to enter the real estate market. You can buy a single-family home with a yard that you have to maintain in the suburbs, or you can invest in a luxury apartment or condo within a city. Demand for luxury housing is rising, and

September’s CPI report came in just a touch above expectations, but not enough to change our outlook for the Fed’s next move. They’re still unlikely to hike interest rates next month, and mortgage rates should remain about where they are. Overview of latest inflation report: The September consumer p

New listings have inched up this fall, giving the buyers who remain in the market a few more homes to choose from. But many buyers are retreating as mortgage rates stay elevated. What home sellers are doing: A few more homeowners are putting their homes on the market, despite being locked into relat

NAR Hosts Affordable Workforce Housing Symposium The Affordable Workforce Housing Symposium brought together experts from across government, local businesses, and community leaders. Media Contact:  Tori Syrek