Real Estate News Today

AuthorAndrew Te.  Date: April 20, 2022 5:53 pm Looking for a new home is both exciting and challenging. It can be very challenging to find a home that fits all your needs and wants. Most people realize quickly that whether you buy a new or old home you’ll have to

With sky-high prices and rising mortgage rates, each square foot of space costs more than ever before. Buyers are compromising by turning to smaller homes. Americans are buying smaller homes than they were at the height of the pandemic. The typical U.S. home that went under contract in March was

Existing-Home Sales Slip 2.7% in March Month-over-month, sales in March 2022 waned in three of the four major U.S. regions while holding steady in the West. Media Contact:  Quintin Simmons 202-383-1178

Rising monthly mortgage payments—up 34% from a year ago, due largely to rising interest rates–are pricing more people out of the homebuying market, which could lead to even more increases in rents. The median monthly asking rent in the U.S. increased 17% year over year to a record high of

NAR, Third Way Discuss Supply and Affordability Crisis Greene highlighted policy proposals NAR is pursuing to make homeownership accessible to more people. Media Contact:  Emily Newman 202-383-1287 Fair Housing

AuthorDesiree Arredondo.  Date: April 19, 2022 3:17 pm If you live in a rural area or looking to move to one, your water supply most likely comes from a well. There are numerous benefits to owning a well. You have no water bill and don’t need to worry about service

With mortgage rates surging, some homeowners who would otherwise be selling are staying put, as moving could mean losing their ultra-low rate and getting stuck with a heftier housing bill. About half (51%) of U.S. homeowners with mortgages have a mortgage rate under 4%—substantially below today’s level of 5%. About

AuthorAndrew Te.  Date: April 16, 2022 1:08 am Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! Getting a preapproval for a home loan is the first step in deciding if you can buy a home. Preapproval gets you ready for the home

The hottest March on record ended with early signs of a cooldown as more buyers were edged out by soaring mortgage rates, sky-high prices and few new listings. It was the hottest March ever for the housing market, with homes selling at their fastest pace and for more above list

AuthorSteph Matarazzo.  Date: April 14, 2022 7:47 pm With all of this shopping, it’s easy to lose track of what you really need. First-time homebuyers sometimes forget what they need and focus instead on unnecessary wants. After all, who doesn’t want a beautiful kitchen, a large backyard, and plenty of

Early indicators of homebuyer activity falter further as mortgage rates shoot up. Early-stage homebuying demand continues to falter this spring as new listings fell 7% from a year earlier, the average 30-year fixed mortgage rate shot up to 5% and the median asking price climbed to $397,747, sending the typical

AuthorSteph Matarazzo.  Date: April 14, 2022 1:56 am The home buying market is as hot as ever, and it’s not expected to cool off anytime soon. People are looking to upgrade from starter homes, and new buyers are catching real estate fever. The post 4 Reasons You Should Write a

REACH Australia Appoints New Managing Partner Second Century Ventures, the strategic venture arm of NAR, has appointed Peter Schravemade as managing partner of REACH Australia. Media Contact:  Spencer High 202-383-1051 Technology

Nearly one-third (32.3%) of Redfin.com users looked to move away from their hometown in the first quarter, an all-time high.  The number of homebuyers leaving Seattle has increased sixfold since before the pandemic–largely due to remote work and soaring home prices–one factor in the early signs we’re seeing of a

AuthorSteph Matarazzo.  Date: April 12, 2022 2:14 pm If you’re moving to a new city, you may wonder whether you should rent or buy your next living space. Are there benefits of buying a home vs renting one? Read through our guide to learn more about the benefits of buying

NAR Study Identifies Biggest Obstacle to Home Buying The report compares the experiences of both potential and successful home buyers across races and ethnicities. Media Contact:  Tori Syrek Fair Housing, Diversity

After last year’s frenzy for vacation homes, buyers are now backing off amid rising mortgage rates and an increase in loan fees for second homes. Demand for vacation homes dropped sharply for the second month in a row in March, with mortgage-rate locks for second homes at their lowest level

Redfin’s deputy chief economist is taking note of early indicators that the housing market is cooling down in some pricey coastal areas–signaling the start of a national trend. “When will it end?” This question has repeatedly flashed across my screen over the past several weeks, sent by Redfin colleagues via

AuthorSteph Matarazzo.  Date: April 8, 2022 1:13 am ecluttering your house is one way you can take charge of the home selling process. For potential buyers, purchasing your home is one of the most significant investments of their lifetimes. They want to be able to see themselves living in a

12% of homes for sale had price drops in the past four weeks—the highest level since early December—suggesting that sellers’ tight grip on the market is starting to loosen. A fast-growing share of home-sellers are dropping their prices, another sign that the early 2022 housing frenzy is starting to ease