Real Estate News Today

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 $1,940 in

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 interruptions from a city or munic

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 le

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 search and makes sure you’

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 price than any other

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

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

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 Letter to the Seller o

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’r

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 your home and why, for most

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 since Ma

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 colle

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 home bef

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

NAR to SCOTUS: Protect Consumers From Onerous Lawsuits NAR wants to protect consumers from a circuit court ruling that would allow lawsuits against homeowners who make or display floor plans of their home. Media Contact:  Wesley Shaw 202-383-1193 Legal

1 in 3 U.S. renters can’t afford to buy a home where they want to live and 30% are unable to save for a down payment, according to a recent Redfin survey.  Debt is the most common financial obstacle to homebuying, with 45% of renters saying it has kept them from trying to buy a home. Just 12% said f

AuthorSteph Matarazzo.  Date: April 7, 2022 1:26 am Click here to browse our Real Estate Agent Directory and contact top-rated agents in your area! You might be wondering why you should save for a downpayment, or even if it’s possible for you.  Will I have enough saved to pay for my house? What are