Real Estate News Today

The median U.S. home-sale price is up 3.2% year over year, the biggest increase since November, and mortgage rates remain elevated. Prices are increasing largely due to the lack of supply, with inventory posting its biggest drop in 18 months as homeowners grasp onto low rates.  The typical U.S. home

Katie Johnson Named American Bar Foundation Fellow Katie joined NAR as a staff attorney in 2007 and within seven years, she was promoted to General Counsel and first Chief Member Experience Officer. Media Contact:  Wesley Shaw 202-383-1193

This week, Redfin became the first brokerage to publish wind risk data for nearly every U.S. home for sale on Redfin.com. That means you can now use Redfin to find important information about a home’s wildfire, flood, extreme heat and wind risk, provided by our partners at First Street Foundation. 

AuthorKelsey Heath.  Date: August 2, 2023 2:58 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

AuthorAmy Prumo.  Date: August 1, 2023 7:04 pm The ultimate guide to Key Colony Beach real estate, an ideal destination for those looking to invest in a vacation home or rental property. The post Florida Keys Secret Gem – An Inside Guide to Key Colony Beach appeared first on FastExpert.

AuthorKiana King.  Date: August 1, 2023 4:53 pm Home repair doesn’t have to be expensive or stressful. Check out these easy hacks for home repair! 1. Cooking oil for a leaky door The post 15 Hacks for Everyday Home Repairs appeared first on FastExpert.

AuthorAmanda Dodge.  Date: August 1, 2023 8:21 am Very few people have the luxury of controlling the timeline when they move. Some buyers need to purchase a house quickly because their lease is up. Others are separating from a partner or are excited to buy a new home and start a new job in a fresh c

AuthorAmanda Dodge.  Date: August 1, 2023 8:19 am The most common mortgage length is 30 years, which means buyers in 2020 will continue to pay off their homes until 2050. Buying a house is a great investment, but not everyone wants to live in the same place for 30 years. You might need a bigger home

Foreign Purchases of U.S. Existing Homes Down 9.6% Foreign buyers purchased 84,600 properties, down 14.2% from the prior year and the fewest number of homes bought since 2009. Media Contact:  Troy Green 202-383-1042 International Real Estate

AuthorPete Deininger.  Date: July 31, 2023 6:29 pm Neutral paint colors boost the potential of your home, making it easier for buyers to imagine adding their personal touch to the space. The post Neutral Paint Colors That Every Buyer Will Love appeared first on FastExpert.

AuthorMargo Christophilis.  Date: July 31, 2023 4:52 pm Upgrade your bedroom without spending a dime! From simple furniture rearrangements to repurposing existing items, we’ve got ideas for you! The post 16 Ideas to Upgrade Your Bedroom Without Buying A Thing appeared first on FastExpert.

AuthorAmanda Dodge.  Date: July 28, 2023 7:08 pm When it is time to sell your house, you can either hire a real estate agent or represent yourself as For Sale By Owner (FSBO). The National Association of Realtors (NAR) estimates that FSBO transactions accounted for 10% of home sales in 2021. While s

Rising home prices and elevated mortgage rates have pushed the income necessary to buy the typical U.S. starter home up 13% over the last year.  New listings of starter homes are down 23%, the biggest decline since the start of the pandemic.  San Francisco, Austin and Phoenix are the only major U.S.

AuthorAmanda Dodge.  Date: July 27, 2023 2:01 pm Buying a house is stressful. One survey found 37% of homeowners believe buying a house was one of the most stressful events in their lives, beating out other stressful events like looking for a job, planning a wedding, and having a child. Some people

Pending Home Sales Rose 0.3% in June The presence of multiple offers implies that housing demand is not being satisfied due to lack of supply. Homebuilders are ramping up production. Media Contact:  Lauren Cozzi 202-383-1178

The typical Las Vegas home costs less than half as much as one in Los Angeles, San Francisco or Seattle, the most common origins for buyers moving in.  Phoenix and Tampa are the next most popular destinations. Along with Las Vegas, they’re increasingly prone to natural disasters like heat and floodi

A lack of homes for sale is pushing prices up. Inventory posted its biggest decline in 18 months as homeowners cling to relatively low mortgage rates.  The typical U.S. home sold for roughly $382,000 during the four weeks ending July 23, up 2.6% from a year earlier, the biggest increase since Novemb

Luxury home prices in the Bay Area and Seattle fell between 10% and 13% in the second quarter—more than anywhere else in the country. Nationwide, luxury prices rose 5% from a year earlier.  Luxury home sales dropped 24%, the smallest decline in a year. Non luxury listings declined roughly twice as m

Nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—a 103% increase from the prior two years.  The counties most vulnerable to wildfires and heat have also seen more people move in than out as the housing affordability crisis pushes Americans into disaste

Existing-Home Sales Retreated 3.3% in June At $410,200, the median existing-home sales price for June was the second-highest price recorded since January 1999, and inventory remained tight. Media Contact:  Troy Green 202-383-1042