My Home Isn’t Selling. Should I Change Realtors?
AuthorT.C. Obichang. Date: February 12, 2025 5:11 pm If your home isn’t selling, is it the home or the agent? Ask yourself these 4 questions to help you decide if it’s time to change Realtors. The post My Home Isn’t Selling. Should I Change Realtors? appeared first on FastExpert.
Redfin Welcomes More Than 140 New Agents in January
What a fantastic way to kick off the year! Redfin is excited to welcome over 140 talented agents who are ready to elevate their businesses with Redfin Next, and seize all of the opportunities this year will bring. Let’s give a warm welcome to our January Newfins—we can’t wait to
2025 Home Selling Advice from a Real Estate Expert
AuthorAaron Gray, Sr.. Date: February 12, 2025 2:08 pm Get expert home selling advice from a Realtor with almost 2 decades of experience. From proper pricing to expectations, he covers it all. The post 2025 Home Selling Advice from a Real Estate Expert appeared first on FastExpert.
Volatile Hotel Prices—Not Rents—Pushed January Inflation Numbers Higher
January’s inflation report came in hotter than expected, with the shelter category increasing 0.4%—up from 0.3% in recent months. While the overall shelter inflation component of CPI did tick up to a monthly increase of 0.4% from 0.3%, the increase was due to “lodging away from home”—meaning hotel prices—which jumped
Mortgage Rates to Climb After Hotter-Than-Expected January Inflation Report
January’s inflation report came in hotter than expected, though some of the “surprise” is due to start-of-the-year effects that have become more pronounced in recent years. Volatile hotel prices pushed the all-important shelter category back up to 0.4%, after it had fallen to 0.3% in recent months. Mortgage rates will
The Typical Homebuyer Pays Roughly 2% Less than the List Price–The Biggest Discount in 2 Years
Homebuyers, take note: Many listings are selling for under asking price, and most are lingering on the market. Florida homebuyers are seeing the biggest discount. Today’s average home listing is selling for under its asking price, and taking a long time to sell. While that’s not ideal for sellers, it’s
Here Are the 10 Most-Viewed Online Home Listings of January
Most of Redfin.com’s most-viewed listings have two things in common: They’re located in tech hubs, and they’re expensive. Seven of Redfin.com’s 10 most-viewed home listings in January were in the Bay Area, specifically the East Bay and neighborhoods near San Jose, and two were in Seattle’s eastside suburbs. One was
Why I Joined Redfin: Julie Granahan
Julie Granahan is a Redfin Premier agent in the greater Seattle area, specializing in West Seattle and Burien. She originally joined Redfin in 2016 and quickly became one of the brokerage’s top-producing agents. She rejoined us in June 2024 after two years at Compass. We caught up with Julie to
Should I Build a House in 2025?
AuthorJenniffer Taylor. Date: February 10, 2025 4:13 pm Expert Advice: Building a house involves understanding local regulations, securing permits, and planning for infrastructure costs. The post Should I Build a House in 2025? appeared first on FastExpert.
Austin Asking Rents Drop 16% in January—More Than Any Other Major Metro—And Are Now $400 Below Their Record High
Nationwide, the median asking rent was little changed from a year earlier, down 0.1% to $1,599. But rents may inch up if demand outstrips supply in a big way, which is feasible because apartment construction is slowing and high homebuying costs are fueling renter demand. The median U.S. asking rent
Mortgage Rates May Bounce a Little After Mixed January Jobs Report
Takeaway: The January jobs report was a mixed bag, but generally pointed to a stronger-than-expected labor market. Mortgage rates may see a little bounce off this data, but not much, as the Fed will continue to be expected to hold cuts until mid year. The unemployment rate unexpectedly declined from
17% of Homeowners With Mortgages Have an Interest Rate of at Least 6%, the Highest Share in Nearly a Decade
Most homeowners still have a mortgage rate far below today’s levels, which is prompting many to stay put. But this lock-in effect is starting to ease because Americans are growing accustomed to elevated rates, and for many, it’s not realistic to stay put forever. That’s boosting listings and easing the
New Listings Post Biggest Increase of the Year While Homebuying Demand Declines, Leading to Big Pool of Supply
The uptick in new listings, along with slow sales, is contributing to a growing pool of supply for homebuyers to choose from. It has also led to the typical home selling for 2% under asking price, the biggest discount in two years–but housing costs are still ultra-high. New listings of
Nearly 70% of Single People Struggle to Afford Housing Payments, Compared to 52% of Married People
Single and divorced people are more likely than people who are married to make certain sacrifices, including skipping meals, to afford rent and mortgage payments, according to Redfin survey findings. That’s largely because single people are making payments alone; for instance, a single Washington, D.C. renter pays nearly $12,000 more
Commissions Have Risen Slightly For Affordable Homes, Fallen Slightly For Expensive Homes, Since NAR Settlement Took Effect
Overall, buyer’s agents are earning an average of 2.37% in commission. That’s essentially unchanged since the new NAR rules took effect in August, but down a bit since the rules were announced last March. Breaking it down by price, the average buyer’s agent commission for $1 million-plus homes has decreased
Does Living Near a Cemetery Affect Property Value?
AuthorKelsey Heath. Date: February 1, 2025 12:59 am If you’re driving to an open house and pass by a cemetery, what’s the first thing that crosses your mind? Is it the quiet nature of the neighborhood—or a twinge of hesitation at living so close to a place of rest? And
Do Gutters Add Value To Your Home?
AuthorAmanda Dodge. Date: February 1, 2025 12:39 am Gutters play a valuable role in your home maintenance. They control how water flows off your roof to prevent it from pooling around your home. While most buyers might not immediately think about gutters when they are viewing a property, they will
Does a Metal Roof Increase Home Value?
AuthorAmanda Dodge. Date: January 31, 2025 11:05 pm The roof is one of the most important parts of any home. Not only does it play an essential role in protecting your family (and belongings) from the elements, but it also provides insulation that makes climate control possible. If you are
Does New Siding Add Value to Your Home?
AuthorAmanda Dodge. Date: January 31, 2025 10:56 pm Siding covers the exterior of a house and provides both protective and aesthetic value. The siding can keep bugs out of your home and prevent exposure to the elements, while also making your house visually appealing. Installing new siding is one of
Assessing the Potential Impact of Tariffs on the U.S. Housing Market
President Trump plans to impose tariffs of 25% on imports from Canada and Mexico, and 10% on imports from China, starting Saturday. While the situation is fluid, the introduction of any broad-based tariffs could significantly impact the U.S. housing market. High Mortgage Rates for Longer Higher tariffs are inflationary and
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