Real Estate News Today

AuthorReal Estate Experts.  Date: June 19, 2022 5:19 pm As a real estate agent, we know you’re bombarded from all sides with new technology and gadgets that are supposed to make your life easier. It can be tough to keep up with the latest trends, let alone decide which ones

AuthorReal Estate Experts.  Date: June 19, 2022 1:53 pm As a real estate agent, broker, or Realtor, you are required to take Continuing Education (CE) courses to renew your license. While it may seem like a chore, taking CE courses can actually be a great way to learn more about

AuthorReal Estate Experts.  Date: June 17, 2022 9:53 pm When preparing for an open house, one of the most important things to consider is the smell of your home. You want potential buyers to feel comfortable and welcome, so it’s important to choose the right fragrance. In this article, we

Home sales fell in May for only the second time on record, while home prices saw the smallest May increase on record. That helped ease the inventory crunch, with the number of homes for sale posting the smallest drop since 2019. Home prices rose 1.5% month over month in May,

Surging mortgage rates and home prices are causing more buyers to back off. That means sellers are less likely to receive multiple offers—but they’ll also face less competition when they buy their next home. Nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis

Rising mortgage rates and the Fed’s actions to combat inflation will further stretch homebuyer budgets and encourage more homeowners to stay put. The highest share of sellers on record dropped their list price during the four weeks ending June 12 as mortgage rates shot up to levels not seen since

Surging borrowing costs and home prices prompted real estate investors to pump the brakes in the first quarter. Many are hoping prices will drop so can get better deals. Still, investors bought a record 20% of homes sold in metros tracked by Redfin as a slowdown in homebuying nationwide allowed

Slowing budget growth indicates that home-price growth will slow in the coming months, too.  Homebuyer budgets are essentially flat from last year, up just 0.3% year over year nationwide in the three months ending April 30, the slowest growth rate since June 2020. That’s according to an analysis of the

AuthorReal Estate Experts.  Date: June 12, 2022 7:20 pm Boise is a city that is growing in popularity, with a hot housing market. But what makes it so popular? And why are prices going up? Current housing trends suggest that people are looking for somewhere affordable to live that also

AuthorReal Estate Experts.  Date: June 12, 2022 6:05 pm There is a lot of confusion about the terms “real estate agent,” “broker,” “salesperson,” and “Realtor.” Many people assume that they are one and the same, but this is not the case. There are important distinctions between the two titles, and

Private mortgage insurance, or PMI, is a type of insurance that helps protect lenders in the event that a borrower defaults on their mortgage loan. It’s usually required when a borrower puts down less than 20% of the home’s purchase price. PMI can be expensive, and for most people it’s

AuthorReal Estate Experts.  Date: June 12, 2022 2:40 pm If you are like most people, you probably don’t want to pay any mortgage prepayment penalties. Unfortunately, many people do not know how to avoid them. In this article, we will discuss some of the ways that you can avoid one.

AuthorReal Estate Experts.  Date: June 12, 2022 11:36 am When it comes to mortgages, there are a lot of options to choose from. One popular option for home buyers is the balloon mortgage. This type of mortgage offers a low-interest rate for a set period of time – usually 5,

AuthorReal Estate Experts.  Date: June 12, 2022 11:09 am When you are buying a house, there are a lot of costs to consider. Besides the down payment, you will also need to budget for closing costs. Closing costs are the fees and expenses that come with finalizing your purchase. They

AuthorReal Estate Experts.  Date: June 11, 2022 4:25 am Mortgage points are one of the many ways that you can save money on your mortgage. By paying a certain number of points, you can get a lower interest rate on your loan. This can save you a lot of money

AuthorReal Estate Experts.  Date: June 10, 2022 9:43 pm Founded in 1768, Charlotte became a city while King George III controlled the European colonies. Queen Charlotte was the King’s wife. Ever since Charlotte has been dubbed the “Queen City.” If you are looking for a booming economy, a lower cost

The luxury-housing market, which experienced a meteoric surge last year, is coming back down to earth amid a slumping stock market, rising mortgage rates and economic uncertainty.  Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the onset

NAR Applauds FHFA Equity Plan for GSEs On June 8, 2022, The Federal Housing Finance Agency (FHFA) released finalized equity plans for Fannie Mae and Freddie Mac. Learn more. Media Contact:  Patrick Newton 202-383-1290

Rental and home-sale prices increased more than 25% year over year in April in four of the five most popular second-home destinations: Phoenix, Cape Coral, FL, Naples, FL and Las Vegas.  Housing costs soared in second-home hotspots even more than the rest of the country after pandemic-fueled remote work prompted

AuthorReal Estate Experts.  Date: June 7, 2022 12:16 am Interest-only loans are a type of loan in which the borrower pays only the interest for some or all of the term, with the principal balance unchanged during the interest-only period. At the end of the interest-only term, the borrower must