Real Estate News Today

AuthorReal Estate Experts.  Date: July 29, 2022 2:43 am When you’re selling a house, it’s important to make sure that everything for your open house is perfect. The first impression your potential buyers will get is the most important, and if they’re not impressed, they may never come back. That’s w

AuthorReal Estate Experts.  Date: July 29, 2022 2:16 am It’s official. You’ve listed your home for sale and now it’s time to open up your doors and welcome potential buyers into your home. But, before you do that, there’s some preparation to do first. If you’re wondering about how to prepare for an

Since mortgage rates came down from their June high, measures of early demand like online real estate searches and home tours have ticked up and/or stabilized. A half-point drop in mortgage rates from their June high is drawing some homebuyers back to the market. Redfin’s Homebuyer Demand Index—a me

Out-of-towners have bigger budgets than locals in relatively affordable destinations like Philadelphia, Atlanta and Dallas because many are remote workers moving in from more expensive places, often with high hometown salaries and proceeds from a home sale. The average out-of-towner moving to Philad

AuthorReal Estate Experts.  Date: July 28, 2022 3:19 am If you’re considering a rent-to-own contract, you may wonder what the difference is between a lease option and a lease-purchase agreement. While these terms are sometimes used interchangeably, they’re technically two different types of rent-to-

Treasury Department New Action on Housing Affordability The Treasury Department plans to allow $350 billion in American Rescue Plan funds for affordable housing use by state, local, and tribal governments. Media Contact:  Patrick Newton 202-383-1290

Pending Home Sales Fell 8.6% in June As escalating mortgage rates and housing prices impacted potential buyers, pending sales retreated in all four major regions in June 2022. Media Contact:  Troy Green 202-383-1042

New REALTOR Benefits® Partnership: Arcadia Publishing Under NAR’s agreement with Arcadia Publishing, brokers can receive a free, fully branded brokerage promotional publication. Media Contact:  Spencer High 202-383-1051 Being a Broker

Riverside, Boise, Phoenix and Tampa are among the markets where homeowners stand to lose some of the value they gained over the past two years. Still-affordable Rust Belt metros like Cleveland and Buffalo are most resilient. Popular migration destinations where home prices soared during the pandemic

AuthorReal Estate Experts.  Date: July 22, 2022 11:15 am As a first-time homebuyer, saving for a home down payment can take a long time, but there are ways to speed up the process. Finding ways to make your money work harder for you may sound like an impossible task, but with some creative thinking

AuthorReal Estate Experts.  Date: July 22, 2022 9:33 am Selling your home comes with a lot of fees. You’ve got the real estate agent’s commission, which is typically around 6%. Then there are closing costs, which can be several thousand dollars. So it’s no wonder that some people try to avoid these

Buyers can now take their time touring and considering homes before making an offer. Still, selection remains very limited despite supply being up, as few homes are being listed and even fewer are selling. The typical home sold during the four weeks ending July 17 spent 19 days on the market, one da

AuthorSteph Matarazzo.  Date: July 20, 2022 4:14 pm If you’re considering selling a house, your first question is likely about how much you can sell it. But many homeowners don’t think about the costs of selling a home. There are fees for selling a house. Some expenses you can negotiate or pass on t

Existing-Home Sales Slid 5.4% in June Existing-home sales fell in June, with declines in three out of four major U.S. regions month-over-month and down in all regions year-over-year. Media Contact:  Troy Green 202-383-1042

The bidding-war rate dipped below 50% for the first time since the start of the pandemic in June as rising mortgage rates and inflation took a bite out of homebuyer budgets. Nationwide, 49.9% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in June. That’s the

AuthorReal Estate Experts.  Date: July 19, 2022 8:42 pm If you’re in the market to buy or sell a home or property, you likely began your process by looking for a real estate agent. There are a lot of services that help you with that process – one you may have come across is HomeLight. What is HomeLi

Phoenix, Atlanta, Tampa and Miami, all Sun Belt metros popular with relocating homebuyers, have the highest inflation rates in the country. Housing prices make up a big portion of the rising costs in those places. The most popular destinations for relocating homebuyers have the highest inflation rat

Foreign Investments in US Existing Home Sales Climb While Foreign Investments climbed, the number of existing homes bought by international buyers declined to 98,600 – the fewest since 2009. Media Contact:  Troy Green 202-383-1042 International Real Estate

Homebuyers are seeking out less expensive locales like Tampa and San Antonio, partly because the surging cost of housing and other goods is limiting their ability to buy homes in many U.S. cities. A record 32.6% of Redfin.com users nationwide looked to move from one metro to another in the second qu

Inflation and high mortgage rates are taking a bite out of homebuyer budgets, leading to fewer sales and supply gains. The median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10. Sellers’ asking prices also came down 3% from their May