17.5% of respondents who plan to move in the next year cited a concern for safety/crime as one of the reasons why, while 13.7% cited a concern for natural disasters or climate risks. Safety and climate risk fears outranked a range of reasons to move, including lower property taxes, family changes, and higher rated schools. READ MORE

This year marked the first time since 2010 that low-risk homes across three major climate categories—heat, fire and flood—gained value faster than high-risk homes. That may be a sign Americans are growing more responsive to natural disasters. Still, high-risk homes are much more valuable than they were before the pandemic. Homes facing low risk from READ MORE

AuthorSteph Matarazzo.  Date: November 19, 2024 4:40 pm > Being a real estate agent, like any service job, can be tricky to navigate, especially when you are just getting started. Many of the connections between home buyers or sellers and agents are made READ MORE

The five U.S. metro areas where pending sales are falling most are all in Florida, though the declines are easing in some metros following a destructive hurricane season. Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest.  In Fort Lauderdale, pending sales dropped 15.2% year over year during READ MORE

Home prices grew 0.5% month over month in October, rising at the same pace as September. It was the 12th consecutive month with price growth between 0.2% and 0.7%. On a year-over-year basis, home prices rose 5.9%, the smallest annual increase since December. Eight of the 50 most populous U.S. metros recorded a drop in READ MORE

AuthorAmanda Dodge.  Date: November 19, 2024 5:39 am There are multiple types of distressed properties that investors can look for. As you start your investment search, you may come across REOs, otherwise known as real estate-owned properties. REO properties are homes that have gone through the foreclosure process but did not sell at auction. This READ MORE

AuthorKelsey Heath.  Date: November 19, 2024 5:20 am When the market appears unstable and the possibility of a recession becomes more than a headline, many homeowners start getting anxious and wonder if they should sell their house before the market crashes. The decision to sell a house in preparation for a recession isn’t simple and READ MORE

Most U.S. residents who earn less than $50,000 struggle to afford their mortgage or rent payments, according to a recent Redfin-commissioned survey.  Of those earning under $50,000 who struggle to afford housing, 21% have delayed or skipped medical treatments, while 15% have worked a side hustle.  Broken down by generation, nearly one-quarter of Gen Zers READ MORE

AuthorAmanda Dodge.  Date: November 15, 2024 8:19 pm Showings are an essential part of the home sale process. They provide opportunities for serious buyers to tour your home and decide whether or not to put an offer on it. While photos, videos, and virtual tours can showcase your rooms, there’s nothing like physically stepping into READ MORE

AuthorAmanda Dodge.  Date: November 15, 2024 8:18 pm Your primary residence is where you live full-time. This is the address you have on your driver’s license and other forms of identification and financial documents. Your primary residence is different from your second home, vacation home, and any rental properties you own.  The Internal Revenue Service READ MORE

Existing home sales rose 1.6% month over month in October to a seasonally adjusted annual rate of 4,179,346. Many buyers who came off the sidelines when mortgage rates bottomed in September finalized their purchases in October, causing sales to rise. But rates jumped last month, which—along with election jitters—put a damper on demand; pending sales READ MORE

Redfin’s Homebuyer Demand Index is rising and mortgage-rate locks are jumping, with some buyers wading back into the market now that the election has passed and the Fed has cut interest rates for the second month in a row.  Early indicators of homebuying demand show that buyers are returning after taking a hiatus in the READ MORE

CPI inflation reported today came in largely as expected. That increases the odds of a December Fed rate cut, but the determining factor will be the December 6 jobs report. Mortgage rates are likely to stay near 7% as inflationary and deficit concerns around higher tariffs and more extensive tax cuts keep long-term rates high. READ MORE

Donald Trump’s re-election seems to have had immediate consequences for housing in America. Demand from home-buyers requesting service through Redfin’s site, which was already stronger since the Federal Reserve’s September 18 rate cut, was about 25% higher this weekend than the same weekend last year, the largest year-on-year gain since the downturn began in 2022. READ MORE

Nearly the same share, 21%, say they are less likely to consider moving now that the election is over, according to a recent Redfin-commissioned survey. Of those who are more likely to move, 36% say the results of the election are making them  consider a different country, and 26% are considering a different state.  34% READ MORE

AuthorKelsey Heath.  Date: November 12, 2024 9:23 pm Owning a piece of real estate or investing in real estate can be financially unobtainable for many. For those willing to take an alternative path, fractional ownership of real estate can open some doors. Through fractional ownership, groups of individuals can co-own a high-value asset, gaining access READ MORE

The median asking rent rose 0.2% year over year in October to $1,619, but was down 0.6% month over month. Rents dropped slightly across all bedroom counts for the third time in four months. The asking price per square foot for rental apartments fell 1.1% year over year, the 18th consecutive month with a decline. READ MORE

Rates are inching down slightly after shooting up before the election—volatility that’s to be expected as investors try to figure out the impact of a Trump presidency. Rates will likely remain elevated if President Trump moves forward with the higher tariffs and tax cuts he has discussed. Mortgage rates shot up in the weeks leading READ MORE

While home sales remained mostly resilient to election jitters and rising rates, Redfin agents report that some house hunters were waiting to hit the pavement until they knew more about the direction of the country and economy.  Pending U.S. home sales rose 4.3% year over year during the four weeks ending November 3, in line READ MORE

AuthorReal Estate Experts.  Date: November 6, 2024 5:08 pm Take a deeper look at the home beyond the eye-catching elements. During the home tour ask these 10 questions and avoid a money pit. The post 10 Questions to Ask During a Home Tour appeared first on FastExpert.