Real Estate News Today

NAR President Testifies About New Mortgage Fees Parcell said the fees were unnecessary and confusing, and potential homebuyers face a lack of affordability and supply in the current housing market. Media Contact:  Tori Syrek Mortgage Financing

Call to Apply for iOi Summit Pitch Battle Competition The Pitch Battle competition is an opportunity for real estate technology startups to showcase their company and technologies. Media Contact:  Spencer High 202-383-1051 Real Estate Technology

A rise in new rentals hitting the market coincided with a slowdown in tenant demand, causing rent growth to cool for the 11th-straight month. The Sun Belt saw the biggest declines, allowing some renters to sign leases at more affordable rates than a year ago. The median U.S. asking rent rose 0.3% ye

Fewer homes are selling than usual this spring–but the ones that are changing hands are going fast, with a small pool of buyers circling an even smaller pool of listings. This week’s inflation report, which shows slow but steady progress on easing price gains, confirms it’s likely the Fed will pause

AuthorVivian Tejada.  Date: May 10, 2023 6:30 pm Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! Deciding to sell your house is a big decision. You may spend weeks or even months going back and forth on whether you should sell, or stay in your home. Bu

FHFA Rescinds August 1 LLPA Fee Increase NAR applauds the FHFA for listening to the industry’s concerns by choosing to drop this fee on borrowers with higher debt-to-income ratios. Media Contact:  Tori Syrek Financing & Credit

Tech Leaders Share Insights on Real Estate Tools Speakers at the 2023 REALTORS® Legislative Meetings discussed existing innovations and trends to help real estate agents level up their businesses. Media Contact:  Spencer High 202-383-1051 Real Estate Technology

AuthorKelsey Heath.  Date: May 10, 2023 1:41 am With interest rates more than double what they were a year ago and buyer confidence in the tank, it’s obvious that 2023 holds a new housing market for buyers, sellers, and homeowners. The unfortunate reality of a market downturn is that some homeowners

NAR Chief Economist Says Fed’s Rate Hike Unnecessary Yun discussed recent developments in the U.S. economy and their impact on the housing market at the 2023 REALTORS® Legislative Meetings. Media Contact:  Lauren Cozzi 202-383-1178 Residential Real Estate

NAR Chief Economist Offers Commercial Forecast Lawrence Yun emphasized challenges facing the commercial real estate market caused by tightening lending policies among many small and regional banks. Media Contact:  Wesley Shaw 202-383-1193 Commercial & Investment Real Estate, Multifamily Properties,

Majority of Metro Areas Saw Home Price Gains in Q1 2023 The top 10 metro areas with the largest year-over-year price increases all recorded gains of at least 11.7%. Media Contact:  Troy Green 202-383-1042

AuthorAmanda Dodge.  Date: May 9, 2023 1:39 am California is packed with diverse cities and natural wonders. You can enjoy Korean BBQ in San Francisco one day and then take a weekend trip to Yosemite National Park the next. While California is a gorgeous place to live, it isn’t known for its afforda

FHA Commissioner Keynotes NAR Regulatory Issues Forum The high-profile session, keynoted by FHA Commissioner Julia Gordon, focused on regulatory policy concerns important to the real estate industry. Media Contact:  Tori Syrek Mortgage Financing, FHA Programs, Real Estate Technology

NAR Outlines Advocacy Policy Priorities At the 2023 REALTORS® Legislative Meetings, NAR Chief Advocacy Officer Shannon McGahn outlined NAR’s advocacy team’s four goals for the… Media Contact:  Tori Syrek Fair Housing

Forum Discussion: Debt Ceiling, Institutional Investors Two economists shared their views on the debt, current economy, and the complex role of banking and institutional investors in the housing market. Media Contact:  Tori Syrek

AuthorAmanda Dodge.  Date: May 5, 2023 9:54 pm Florida is the third-most populous state with more than 22 million people. It is also the fastest-growing state in the nation. People are drawn to the bright sandy beaches and mild winters, but also to the lack of state income tax and plentiful job oppo

Homebuyers and sellers are unlikely to face another large mortgage rate jump after the Federal Reserve indicated it intends to pause interest rate increases following a year of aggressive hikes. Elevated mortgage rates are prompting many homeowners to stay put, resulting in bidding wars as buyers co

AuthorAmanda Dodge.  Date: May 4, 2023 11:48 pm If you want to apply for a mortgage to buy a house, you will need to know your credit score. Your lender will ask about this score during the pre-qualification process and will confirm your estimate during the pre-approval and formal application steps.

Today, we launched a Redfin ChatGPT plugin to help people find homes that are a great fit for them. It was built with OpenAI, an AI research and deployment company. How does it work? You can use the Redfin ChatGPT plugin to describe your ideal home and neighborhood in everyday terms and find listing

Value in Promoting Energy Efficiency in Listings Buyers often seek homes that either lessen their environmental footprint or reduce their monthly energy costs. Media Contact:  Lauren Cozzi 202-383-1178 Sustainability, Environmental Issues, Solar Energy Features & Tax Credits, Energy Efficiency and C