Real Estate News Today

Places where home prices shot up due to out-of-towners moving in with big budgets are now seeing prices rapidly decline.  Home-price growth has slowed fastest in pandemic boomtowns including Austin, Phoenix and Boise as high mortgage rates and an uncertain economy deter would-be buyers. Austin’s med

AuthorAmanda Dodge.  Date: November 25, 2022 3:08 pm A house is the biggest financial asset that most Americans own. According to the American Advisors Group (AAG), almost 75% of seniors say their home is both their biggest financial asset and also their biggest source of sentimental value. When it’

Mortgage-purchase applications and Redfin’s Homebuyer Demand Index both increased as rates stayed around 6.6%, down sharply from 7% earlier this month, saving the typical buyer over $100 in monthly mortgage payments. Still, supply is piling up–posting a record annual increase–as pending sales fell t

Redfin believes in giving back to our communities, taking part in philanthropic causes, and providing social value – all while helping to broaden the scope of who has a fair shot at homeownership. We do this through Redfin Rise, our philanthropic and community outreach program to support underserved

AuthorReal Estate Experts.  Date: November 23, 2022 2:44 am The best time to buy a house is always when you and your family are ready. However, there are times throughout the year when homes sell for less and buyers receive favorable financing terms. On the flip side, there are times of the year whe

Investors are pumping the brakes—especially in pandemic boomtowns including Phoenix and Las Vegas—as economic uncertainty and the prospect of falling home prices raise the risk of real estate investing. Investor home purchases fell 30.2% year over year nationwide in the third quarter, the largest de

NAR Discusses Housing Supply with White House Officials NAR continues to stress that government must invest in boosting our nation’s housing supply if we are to make housing affordable in the long run. Media Contact:  Tori Syrek Fannie Mae & Freddie Mac (GSEs), Fair Housing, Section 8 Voucher Reform

Rule Opens the Door to Private Market Flood Insurance NAR has long advocated for an updated rule, and this action will increase the flood insurance choices available to FHA borrowers. Media Contact:  Tori Syrek Flood Insurance, FHA Programs

The historic slowdown may ease in the coming months if inflation continues to cool. Pending home sales fell the most on record in October and deal cancellations and price cuts hit record highs as buyers were spooked by the biggest mortgage-rate jump in over four decades. Pending sales dropped 32.1%

AuthorWhitney Bontrager.  Date: November 21, 2022 2:51 pm The California housing market is feeling economic pressure with a reduction in home prices, increase in days on market, and a population exodus. The post California Housing Market – Trends and Predictions (2022) appeared first on FastExpert.

AuthorWhitney Bontrager.  Date: November 21, 2022 2:25 pm Texas had the highest population growth in the nation, creating a hot housing market, but home prices are falling and the market is cooling. The post Texas Housing Market – Trends and Predictions (2022) appeared first on FastExpert.

AuthorWhitney Bontrager.  Date: November 21, 2022 1:36 pm The Colorado housing market faces low inventory and high demand, but homes are staying on the market longer and prices are decreasing. The post Colorado Housing Market- Trends and Predictions 2022 appeared first on FastExpert.

Existing-Home Sales Slumped 5.9% in October Fewer homebuyers were able to qualify for a mortgage in October 2022 as mortgage rates climbed higher. Media Contact:  Troy Green 202-383-1042

Mortgage rates dropped from over 7% to 6.6% this week on better-than-expected inflation news, bringing some hope to prospective buyers.  The largest weekly drop in mortgage rates in four decades, along with the slowest annual home-price growth since the start of the pandemic, is providing some relie

AuthorReal Estate Experts.  Date: November 17, 2022 10:53 am There are many small maintenance tasks a person can learn to do to prevent serious financial drains later on. The post Home Maintenance Tips for New Homeowners appeared first on FastExpert.

AuthorReal Estate Experts.  Date: November 16, 2022 11:50 pm Land contracts can be a great alternative to purchasing a home through a bank or traditional lender. They allow people who might not be able to buy a home with a traditional mortgage, a way to purchase. The post Land Contracts – What Are T

AuthorReal Estate Experts.  Date: November 16, 2022 5:28 pm Before you decide to buy or sell a home it’s important to know the costs you’ll rack up in the process. In the New York real estate market one of the costs to consider is realtor fees. But how much can you expect to pay and can you negotiat

Eleven major U.S. metros saw rents decline, with the largest drops in Milwaukee, Minneapolis and Baltimore. The median U.S. asking rent in October rose 7.8% year over year to $1,983, the smallest annual increase since August 2021. October marked the second-straight month of single-digit rent growth

NAR President Comments on 2022 FHA Report to Congress NAR calls on the FHA to reduce the Mortgage Insurance Premium to help first-time and low- to moderate-income buyers. Media Contact:  Tori Syrek Mortgage Financing, FHA Programs

NAR Tour to Mobilize Members, Strengthen Consumer Voice The tour’s goal is to engage members nationwide through events that support member engagement, member recruitment and retention, and community… Media Contact:  Stacey Moncrieff , Spencer High 202-383-1051