Real Estate News Today

NAR Celebrates 2023 Good Neighbor Awards Finalists These NAR members exemplify the essence of what it means to be a good neighbor, turning their passion and dedication into real-world change. Media Contact:  Spencer High 202-383-1051

AuthorWhitney Bontrager.  Date: August 30, 2023 3:56 pm Selling land requires a different approach compared to selling a home. Follow 4 essential steps—prepare the land, determine its value… The post Unlock the Potential: A Comprehensive Guide to Selling Land appeared first on FastExpert.

AuthorJason Thoele.  Date: August 30, 2023 2:26 pm Dealing with bad neighbors when trying to sell your home by approaching the situation diplomatically, documenting issues, and seeking help. The post How to Deal With Bad Neighbors When Selling a Home appeared first on FastExpert.

Pending Home Sales Increased 0.9% in July The small gain in contract signings shows potential for further increases, but rising mortgage rates and inventory limits have kept many from buying. Media Contact:  Lauren Cozzi 202-383-1178

The drop in investor purchases outpaced the 31% decline in overall home sales.  Investor market share is down to 16% after hitting an all-time high of 20% in the first quarter of 2022.  Investors are also making up a smaller share of the home-selling pie, with 8% of new listings owned by investors,

Our CEO, Glenn Kelman, sent this email to all Redfin employees on August 29, 2023. Dear Redfin, Redfin’s president of real estate services, Adam Wiener, is leaving Redfin. He joined us in 2007 as a product manager for agent tools, then ran our partner program, analytics, marketing, a variety of new

AuthorMargo Christophilis.  Date: August 28, 2023 4:58 pm By emphasizing the positives, focusing on curb appeal, and collaborating with the right vendors, you can sell your home in a bad neighborhood The post How Do I Sell a Home in a Bad Neighborhood?  appeared first on FastExpert.

AuthorKelsey Heath.  Date: August 28, 2023 2:46 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 to

AuthorKelsey Heath.  Date: August 28, 2023 2:31 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 to

AuthorAmanda Dodge.  Date: August 28, 2023 5:56 am Finding a house and making an offer are just the starting points in the home purchase process. Once your offer is accepted, you will work with your mortgage lender on a daily basis to submit paperwork and complete the various requirements to buy a h

AuthorMike Jeppson.  Date: August 25, 2023 7:41 pm Agent Advice! Read this before deciding to dive into pool ownership. Determine if a pool will help or hurt the value of your home. The post Does a Pool Help or Hurt the Value of Your Home?  appeared first on FastExpert.

Pending sales have stabilized following months of steep declines, but homebuyer demand remains below pre-pandemic levels as house hunters grapple with elevated mortgage rates, high prices and a lack of supply. Pending home sales inched up in July—rising 0.7% from a month earlier to the highest level

AuthorBrett Ari Fischer.  Date: August 24, 2023 5:37 pm Highlight the uniqueness of your space when selling a condo. Stage the interior to shine, show off the amenities, and know your buyer. The post How is Selling a Condo Different Than a House? appeared first on FastExpert.

Daily average mortgage rates are sitting at 7.4%, close to their highest level in more than two decades. High rates, combined with high home prices, have pushed home-purchase applications to their lowest level since 1995. Historically high mortgage rates are cutting into buyers’ budgets. A homebuyer

A record 26% of Redfin.com users are looking to move out of their hometown. Relatively affordable places like Las Vegas, Sacramento and Myrtle Beach are among the most popular destinations for relocating homebuyers, partly because stubbornly high mortgage rates are making housing payments so expensi

Existing-Home Sales Slipped 2.2% in July Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million. Sales receded 16.6% from one year ago. Media Contact:  Troy Green 202-383-1042

Homebuyers are turning to newly built single-family homes as overall inventory sits at an all-time low. New homes are most common in El Paso, TX, Omaha, NE and Raleigh, NC, and least common in California and Hawaii.  Newly built homes made up nearly one-third (31.4%) of U.S. single-family homes on t

Despite the fact that promising inflation data has led to expectations that the Fed will cut interest rates soon, mortgage rates remain above 7%. That’s because the 10-year treasury yield is high, which generally means mortgage rates are high, too. Daily average mortgage rates have hit 7.26%, their

AuthorAlex Capozzolo.  Date: August 15, 2023 4:39 pm It IS possible to sell a house with squatters! Find out how to overcome this challenge from a realtor and landlord with experience! The post 4 Innovative Ways to Sell a House With Squatters appeared first on FastExpert.

In San Jose and San Diego, no homes for sale near the schools Redfin analyzed  are affordable on the local teacher’s median salary. Just three metros had a share above 50%: Detroit, Cleveland and Pittsburgh. The average teacher can afford just 12% of homes for sale within commuting distance of their