Real Estate News Today

NAR Comments on Concern for Final WOTUS Rule The EPA’s and Army Corps of Engineers’ final rule does not provide the clarity and certainty essential for predictable and efficient permitting. Media Contact:  Tori Syrek Clean Water Act

AuthorKelsey Heath.  Date: January 10, 2023 8:48 pm Whether you’re upgrading, downsizing, or relocating, selling a house with a mortgage requires a little more time and patience. But working with experienced professionals will help make the process as smooth as possible. Here’s your guide to selling

Multiple NAR Leaders in 2023 Swanepoel Power 200 List NAR’s 2023 President Kenny Parcell among those recognized in this year’s SP 200. Media Contact:  Wes Shaw

AuthorReal Estate Experts.  Date: January 9, 2023 11:36 am The average real estate commission in Georgia is 5.8%, higher than the national average of 5.5%, based on a poll of FastExpert agents. The post What is the Real Estate Commission in Georgia? appeared first on FastExpert.

AuthorAmanda Dodge.  Date: January 6, 2023 10:25 pm An open house is a great way to show off your home. Potential buyers can view your property without having to schedule a private showing. Buyers agents can also look at your home during an open house to see if they should recommend it to their clie

The homes that are selling are going for about the same price as a year earlier, with nationwide prices up just 0.5% year over year–smaller than the 0.7% increase at the onset of the pandemic when the market reached a near standstill. Measures of early-stage homebuyer activity are mixed, with reques

Buyers received concessions—such as money for repairs and mortgage-rate buydowns—in a record 42% of home sales in the fourth quarter, up from 31% a year earlier. Pandemic boomtowns including Phoenix and Las Vegas saw among the biggest increases in concessions. Home sellers gave concessions to buyers

The supply of homes for sale posted a record year-over-year increase this week as homes linger on the market. But some buyers are making their way back, with Redfin’s Homebuyer Demand Index showing an uptick in early-stage demand.  The total number of homes for sale rose 18% from a year earlier duri

Pending Home Sales Slid 4.0% in November With mortgage rates falling throughout December, home-buying activity should inevitably rebound in the coming months and help economic growth. Media Contact:  Lauren Cozzi 202-383-1178

That outpaced the 31% decline in non luxury home sales—which was also a record drop—but there are early indicators that homebuyer demand may inch back. Sales of luxury U.S. homes fell 38.1% year over year during the three months ending Nov. 30, 2022, the biggest decline on record. That outpaced the

AuthorKelsey Heath.  Date: December 26, 2022 9:21 pm Pricing your home correctly is one of the most important aspects of getting it sold for the best price and in the least amount of time. The pricing strategy of real estate is core to its marketing campaign and a successful sale. The asking price s

Redfin agents report some buyers are resuming their search as home prices and rates fall from their peak, but the uptick in house hunting hasn’t yet translated to sales.  The typical U.S. home sold for roughly $352,000 during the four weeks ending December 18, down 10% from a peak of $391,000 in Jun

A surge in mortgage rates in early November caused sales and prices to slow, but there are early signs that demand may be creeping back as rates reverse course. Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2

AuthorAmanda Dodge.  Date: December 21, 2022 9:41 pm Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! Closing on your home sale is an exciting milestone, but the profits might not be as high as you think. Your mortgage lender, real estate agent, title c

“First-Time Buyer” Season 3 Now Streaming on Hulu The series provides an accurate representation of the American homebuying process while highlighting the important role that REALTORS® play. Media Contact:  Spencer High 202-383-1051

NAR Plauds WH Plan to Increase Housing, House Homeless NAR has advocated, from its inception, for avenues to end homeless and breakdown barriers that inhibit the increase of housing. Media Contact:  Tori Syrek

Existing-Home Sales Dipped 7.7% in November Existing-home sales fell for the 10th month in a row in November 2022. All regions of the U.S. recorded month-over-month + year-over-year declines. Media Contact:  Troy Green 202-383-1042

High mortgage rates are motivating affluent buyers to avoid loans and pay in cash. FHA loans are also making a comeback as a slowdown in homebuyer competition makes winning a home easier for bidders with lower down payments. Roughly one-third (31.9%) of U.S. home purchases were paid for with all cas

This op-ed was originally published on Inman.com. In August, the REcolorado MLS board voted to allow the display of non-MLS listings alongside their members’ listings in a single search result on brokerage websites. Zillow voiced its support of the decision and has since petitioned the National Asso

The share of Redfin.com users moving away from their home metro is near its record high as 6%-plus mortgage rates and inflation cut into homebuying budgets. Places like Las Vegas and parts of Florida are especially popular. Nationwide, 24.1% of homebuyers looked to move to a different metro during t