Real Estate News Today

Reports Examine Experiences, Barriers for Home Buyers High home prices and mortgage rates and limited inventory are the top reasons cited by REALTORS® and prospective home buyers as barriers to buying. Media Contact:  Lauren Cozzi 202-383-1178

The Fed remains unlikely to hike rates at next week’s policy meeting The latest inflation report on consumer prices in August came in a hair above expectations. Focusing on the month-over-month numbers, headline inflation came in at 0.6%, which was in line with expectations, because of higher gas pr

Return-to-office mandates are forcing some people to choose between selling their home at a loss or losing their job. Roughly 20% of surveyed sellers say they’re moving due to safety/crime concerns, a desire to live somewhere more aligned with their social views and/or lower taxes. About 10% of resp

AuthorAmanda Dodge.  Date: September 12, 2023 9:22 pm When it’s time to sell your house, you want to get the highest price for the property and work with a buyer who moves quickly toward the closing process. Some homeowners reach out to real estate agents they can trust to secure potential buyers wh

AuthorAlex Capozzolo.  Date: September 12, 2023 7:57 pm The remainder of 2023 into 2024 looks like it could be one of the coldest winters yet for the Philadelphia housing market. The post Philadelphia Housing Market – Trends and Predictions for 2023 appeared first on FastExpert.

The median asking rent in August was $2,052, just $2 below the record high set a year earlier. Instead of taking a haircut on rents, some landlords are throwing in one-time concessions to attract renters as vacancies rise. The median U.S. asking rent in August was $2,052, just $2 below (-0.1%) the r

AuthorVivian Tejada.  Date: September 12, 2023 7:16 am Selling a home with solar panels differs slightly from selling a traditional home. While the benefits of buying a solar-paneled home are widely accepted and understood, purchasing a home with solar panels isn’t always straightforward. Solar pane

AuthorDesiree Arredondo.  Date: September 11, 2023 5:03 pm Maximize your real estate’s potential with augmented reality. Virtually stage the property, provide virtual tours, and more with AR! The post How to Use Augmented Reality in Real Estate appeared first on FastExpert.

AuthorVivian Tejada.  Date: September 11, 2023 8:02 am Contacting a real estate agent for the first time can be a little intimidating and even confusing. With so many methods of communication and thousands of agents to choose from, it’s not always easy to know what to say or how to select an agent t

Roughly one in 10 Gen Z respondents believe they’ll never own a home. Affordability is the number-one barrier to homeownership for young Americans: About half of Gen Z and millennial respondents who don’t plan to buy a home in the near future say it’s because homes are too expensive.  About one-thir

Mortgage-purchase applications are sitting at their lowest level in nearly three decades. But there are so few homes for sale that prices are up 4.5% annually, the biggest increase in nearly a year. Although mortgage rates are inching down from their recent peak, housing affordability isn’t improvin

AuthorCaitlin Hamilton.  Date: September 6, 2023 5:07 pm Protect yourself physically, financially, and legally! Read Realtor advice on how to protect yourself when selling a home and stay safe! The post How Do I Protect Myself When Selling a Home? appeared first on FastExpert.

San Francisco home sellers are four times more likely than the average U.S. home seller to take a loss, as the Bay Area metro reels from an outsized drop in home prices. The typical San Francisco seller who takes a loss sells their home for $100,000 less than they bought it for. Roughly one of every

Originally published to Forbes on August 21, 2023. An eye-popping 38% of recent homebuyers under age 30 used either a cash gift from a family member or an inheritance in order to afford their down payment. This is according to a Redfin commissioned survey of recent movers conducted in Spring 2023. F

AuthorVivian Tejada.  Date: September 4, 2023 7:05 am Crawl spaces that are closed-off increase property values by making homes more energy-efficient, improving indoor air quality, and preventing water damage. Encapsulating a crawl space can also be an effective way of keeping out pests since they w

AuthorAmanda Dodge.  Date: September 4, 2023 5:59 am A home appraisal is an expert’s estimation of how much a home is worth. This step is important when you are buying or selling a home because it can guide you to a fair and reasonable price. A fresh appraisal helps both the buyer and the seller agr

The August jobs report keeps the probability of the Fed hiking interest rates in September very low. That could be promising for homebuyers watching for mortgage rates to come down. This week’s jobs report is seemingly weak at first blush, but it’s actually fairly good news for homebuyers waiting fo

Tamara Robinson has joined Redfin as a Senior Director overseeing our brokerage business in Southern California, which includes Los Angeles, Orange County, Inland Empire and San Diego. With decades of management and leadership experience in large publicly traded and franchised real estate enterprise

Nationwide, home prices are up 5% year over year–the biggest increase in 10 months–due to a severe lack of homes for sale.  The median home-sale price in Miami rose 17% from a year earlier during the four weeks ending August 27, the biggest increase the metro area has seen since October 2022. That’s

Productive.ai Wins 2023 iOi Pitch Battle Productive.ai pulls real-time information from phone conversations and provides automatic notes, summaries, tasks, events and CRM logging. Media Contact:  Spencer High 202-383-1051 Real Estate Technology