Real Estate News Today

AuthorAmanda Dodge.  Date: October 11, 2023 8:03 am When a financial institution approves your mortgage application, they will offer their best possible interest rate on the loan. This is essentially the price you pay to the bank for the money. Internist rates will vary depending on your down paymen

AuthorAmanda Dodge.  Date: October 11, 2023 7:50 am Can you sell your home for a dollar? The simple answer is yes. You can sell your home for any listing price that you think is fair. Most homeowners want to get as much money as they can for their home values. However, there are specific cases when

AuthorAmanda Dodge.  Date: October 11, 2023 7:44 am The vast majority of home buyers purchase property using their personal information. However, some people have considered forming limited liability companies (LLCs) and using the business to purchase property. From there, they can rent the house to

NAR Statement Regarding Ongoing Violence in Israel NAR President: “I’d like to extend my heartfelt condolences to all of our friends in Israel impacted by the horrific attacks that began… Media Contact:  Wes Shaw Residential Real Estate

The Fed will look at the big picture–including the fact that rates have already increased so much recently–when considering a November rate hike. At first glance, this jobs report blew expectations out of the water. The survey of businesses showed a payroll employment increase of 336,000 jobs in Sep

The median U.S. asking rent was little changed from a year earlier for the sixth straight month as an increase in the number of rentals made it harder for landlords to boost prices. But apartment construction has started to slow, which should ultimately help bolster rents. Asking rents are climbing

A homebuyer on a $3,000 monthly budget has lost nearly $40,000 in purchasing power over the last year, as mortgage rates have risen from around 6.5% in October 2022 to nearly 8% today. The glimmer of hope for the housing market: a small September uptick in new listings.  Mortgage rates hit their hig

AuthorMargo Christophilis.  Date: October 4, 2023 7:20 pm The Seattle housing market continues to be highly competitive. Get a realtor’s inside perspective on all that you need to know to navigate it! The post Greater Seattle Housing Market – Trends and Predictions for 2023  appeared first on FastEx

2023 GNA Winners Celebrated for Community Impact The 2023 winners exemplify a tireless commitment to serving their communities and working to make life better for people in their neighborhoods. Media Contact:  Spencer High 202-383-1051 Community Outreach, Residential Real Estate

Baby Boomers were most likely to say the opposite, with nearly half saying dating is more stressful than homebuying. Divorce and finding a new job were the only two listed life events that a majority of respondents said are more stressful than purchasing a home. White respondents said buying a home

Biggest Challenges for Real Estate Firms, NAR Report Affordability, inventory, and keeping up with technology were among the biggest challenges cited for firms in the next two years. Media Contact:  Lauren Cozzi 202-383-1178 Being a Broker, Establishing Your Business, Managing Your Office, Managing

24% of LGBTQ+ renters are unlikely to buy a home due to lack of financial support from family/friends, compared with 14% of non LGBTQ+ renters, a Redfin survey found. LGBTQ+ homebuyers are more likely than non LGBTQ+ buyers to work a second job in order to come up with a down payment. 38% of LGBTQ+

The following letter is from Redfin’s leadership team:  Redfin is moving to end our support of the National Association of Realtors for two reasons: NAR policies requiring a fee for the buyer’s agent on every listing a pattern of alleged sexual harassment.  A Long Time Coming We’ve had many meetings

AuthorKelsey Heath.  Date: October 1, 2023 10:35 pm 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 1, 2023 10:27 pm 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 1, 2023 10:20 pm 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 1, 2023 10:14 pm 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

Originally published to Forbes on September 18, 2023. A recent study from PolicyGenius found that quoted homeowner’s insurance premiums increased by 21% nationally from May 2022 to May 2023. Florida experienced the largest jump with premiums increasing by 35%. The steep increases in homeowner’s insu

Originally published to Forbes on September 12, 2023. For many young Americans, the dream of owning a home feels less like a middle-class milestone and more like a prize available only to those with family money or extraordinary incomes. The monthly mortgage payment on a median-priced home has incre

Pending Home Sales Tumbled 7.1% in August Pending home sales fell 7.1% in August 2023, with rising mortgage rates and low inventory reducing the pool of home buyers. Media Contact:  Lauren Cozzi 202-383-1178