Real Estate News Today

Existing-Home Sales Edged Higher by 0.2% in May May 2023 sales rose in the South and West regions of the U.S., and fell in the Northeast and Midwest. Sales in all four regions fell year-over-year. Media Contact:  Troy Green 202-383-1042

Near-7% mortgage rates are preventing both would-be homebuyers and would-be sellers from entering the market. But even though the spring buying season ended with a whimper, homebuilders are ending spring with a bang: Construction of new single-family homes is near its highest level in almost two dec

AuthorKevin Bautista.  Date: June 21, 2023 8:10 pm Home listing photos can be the thing that brings interested buyers in or turns them away. If you’re ready to enter the real estate market and find a great buyer for your property, listen up. Your listing could be one of the most important tools for

NAR CEO Bob Goldberg to Retire at the End of 2024 Goldberg will culminate his more than four decades in U.S. real estate and 30-year career at NAR, where he’s served as CEO since August 2017. Media Contact:  Wesley Shaw 202-383-1193

The pool of homes for sale is shrinking because homeowners feel trapped by rising mortgage rates, with new listings down 25% to the third lowest level on record. A shortage of homes for sale is fueling bidding wars in some areas despite sluggish homebuyer demand; 37% of homes that sold in May went f

NAR Again Earns “Great Place to Work” Distinction NAR is committed to putting members first, leading change, advancing diversity and inclusion, giving respect, collaborating, and communicating. Media Contact:  Wesley Shaw 202-383-1193

AuthorWhitney Bontrager.  Date: June 17, 2023 1:34 am Yes, there is a best time to sell your house — and a worst time, too. Home prices and selling times vary by season, month, and even day of the week. If you want to get the best possible price for your home, here’s what you need to know. The post

Inventory has posted its biggest decline in over a year, with homeowners hanging onto their comparatively low mortgage rates. That trend will probably persist, as the Fed’s announcement that it may hike interest rates a few more times is likely to keep mortgage rates elevated. Low supply is stifling

Inaugural REACH Latin America (LATAM) Cohort Announced With a selection of eight companies, Second Century Ventures, NAR’s strategic investment arm, extends its REACH program into Latin America. Media Contact:  Spencer High 202-383-1051 Real Estate Technology

AuthorTony Gilbert.  Date: June 14, 2023 3:47 pm Remember that the maximum amount invested in resale renovations should not exceed 10% of the actual value of your house. The post How to Increase the Value of Your Home in Lubbock, TX appeared first on FastExpert.

More than 900 Redfin agents were named today on the RealTrends’ list of America’s Best Real Estate Professionals! This is an independently verified ranking of the country’s most successful residential real estate agents based on sales, compiled by Tom Ferry International and RealTrends, a trusted so

Roughly 4 in 5 homeowners with mortgages have an interest rate below 5%, and nearly one-quarter have a rate below 3%.  With rates now close to 7%, many homeowners aren’t moving, which is intensifying a shortage of homes for sale. Rates would need to fall quite a bit to motivate homeowners to put the

AuthorJordan Fulmer.  Date: June 13, 2023 3:52 pm Kitchen and bathroom renovations are one of the fastest ways to increase the value of your home. Discover affordable, quick transformations! The post Kitchen and Bathroom Renovations That Are Cheap and Easy appeared first on FastExpert.

Joint Brief to Challenge NY Rent Control Law NAR joined three other associations in asking the Supreme Court to hear a challenge to New York’s Rent Stabilization Law. Media Contact:  Tori Syrek Rental Properties, Rental Housing Issues

AuthorAmanda Dodge.  Date: June 9, 2023 6:03 pm In 2021, FSBO homes accounted for 10% of total transactions according to the National Association of Realtors (NAR). In a hot market, you might be tempted to forgo hiring a Realtor and list your home yourself. Why work with a Realtor if buyers are alre

AuthorMegan Kilmer.  Date: June 9, 2023 4:22 pm Read real estate agent insight on 3 options for buying before selling a home with ease and confidence. First, bridge loans… The post Agent Advice – 3 Options for Buying Before Selling a Home appeared first on FastExpert.

NAR Seeks Tech Trailblazers for iOi Innovator Awards Nominees for the Innovator of the Year Awards must work in real estate or an adjacent industry or be involved with real estate technology. Media Contact:  Spencer High 202-383-1051 Real Estate Technology

Originally published to Forbes on May 30, 2023. Despite a lack of affordable housing, many American cities have seen a paradoxical proliferation of new luxury condos. The reason behind this comes down to scarcity. Because cities limit the amount of housing that can be built, developers focus on attr

AuthorAndrew Te.  Date: June 7, 2023 3:35 pm It can be nerve-wracking to sell your house before you have a new one lined up to buy. What if the sale falls through and you’re left to rent? What if you can’t find a new home in time? These are valid concerns, but with careful planning and some savvy ma

Lack of Affordable Homes for Middle-Income Buyers A report from NAR and Realtor.com® examines the number of listings missing by price range in the current market compared to a balanced market. Media Contact:  Troy Green 202-383-1042