Real Estate News Today

AuthorKelsey Heath.  Date: December 16, 2022 6:42 pm 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 homeo

AuthorScott Leventon.  Date: December 15, 2022 8:49 pm Staging a house is one of the most important parts of selling your home. Without proper staging, prospective buyers won’t be interested and will not be able to see themselves living at your home. On the flip side, high-quality home staging attra

Mortgage-purchase applications and Redfin’s Homebuyer Demand Index are both up by double digits since bottoming out earlier this fall, but demand is still much lower than it was a year ago. This week’s positive inflation news could lead to mortgage rates declining further and a gradual home-sale rec

AuthorAmanda Dodge.  Date: December 14, 2022 6:37 pm When it’s time to move, you have two options: sell the property and use the profits to buy your next home, or rent out the property as a form of passive income. Selling is always the faster and easier option, but listing your property could have s

AuthorJenniffer Taylor.  Date: December 14, 2022 3:48 pm Be prepared for your home purchase. Find out the surprising facts that you must know before buying a home in Southern California. The post Must Know Facts About Buying a Home in Southern California appeared first on FastExpert.

Volunteering Works Program 2022 Mentoring Recipients The five Volunteering Works recipients will receive a $1,000 seed grant and a year of one-on-one mentoring from a member of the Good Neighbor Society. Media Contact:  Spencer High 202-383-1051 Outreach

2023: 4.78 Million Existing-Home Sales, Stable Prices NAR’s Chief Economist, Lawrence Yun, unveiled the association’s forecast for 2023 during NAR’s fourth annual year-end Real Estate Forecast Summit. Media Contact:  Troy Green 202-383-1042

AuthorDoug Erdy.  Date: December 12, 2022 4:46 pm Texas real estate trends indicate that the market should continue to see explosive growth over the coming years. The post Texas Real Estate Trends From a Realtor’s Perspective appeared first on FastExpert.

AuthorMelissa Tucci.  Date: December 9, 2022 12:34 pm The desirability of the San Diego housing market continue to bolster demand. The market is cooling, but definitely not crashing. The post The San Diego Housing Market is Cooling Not Crashing appeared first on FastExpert.

Redfin’s Homebuyer Demand Index ticked up this week as steadily declining rates lured some buyers back in. But many would-be buyers are waiting for lower rates and prices, with the typical home’s time on market rising at its fastest annual pace on record and supply increasing. The total number of ho

AuthorAmanda Dodge.  Date: December 8, 2022 4:46 pm Most homeowners take on a hefty task list before they sell their homes. They sort through items to declutter while giving up nights and weekends to make repairs and improvements to the property. Bushes are pruned to increase curb appeal while rooms

AuthorBen Curry.  Date: December 7, 2022 4:54 pm The New Mexico housing market is slow and steady, comparatively stable and overall home prices trend upwards. The post New Mexico Housing Market – Trends and Predictions for 2023 appeared first on FastExpert.

We expect home sales to sink to their lowest level in more than a decade in 2023 as high mortgage rates keep housing costs up and prevent people from moving. High homeowner equity and a resilient job market will stave off a wave of foreclosures. Mortgage rates will take center stage in 2023, with hi

2023 REACH U.S. Applications Open; New Program Director REACH’s mission is to select and help scale the most promising new technology companies in real estate and adjacent industries. Media Contact:  Spencer High 202-383-1051 Technology

Today, we added zoning and land use information to home description pages on Redfin.com. This information, which is provided by our partners at Zoneomics, will help you understand the implications of your local zoning guidelines and how your property can and cannot be used.           In addition to

Pandemic boomtowns including Sacramento, Austin and Phoenix saw the biggest jump in delistings as prohibitively high housing costs dampened buyer demand. A record 2% of U.S. homes for sale were delisted each week on average during the 12 weeks ending Nov. 20, compared with 1.6% one year earlier. The

Mortgage applications and Redfin’s demand index, a measure of tours and other homebuying services, are up as mortgage rates continue to come down. But pending home sales declined and the number of homes on the market increased as buyers took a break over Thanksgiving. Homebuying demand has started t

Pending Home Sales Declined 4.6% in October Month-over-month, contract signings fell in three of four major U.S. regions in October 2022, while the Midwest registered an increase. Media Contact:  Lauren Cozzi 202-383-1178

REACH Program Expands to Latin America The Latin American real estate industry represents nearly $1 trillion USD in opportunity, with proptech attractive for venture capital investment. Media Contact:  Spencer High 202-383-1051 Technology

The share of Redfin.com users looking to move to a different metro area is near its record high as high rates and prices up the appeal of affordable places. Coastal Florida is especially popular, even after getting pummeled by Hurricane Ian.  Nearly one-quarter (24.1%) of U.S. homebuyers looked to m