Real Estate Today
Real Estate Today provides essential and trustworthy insights into the real estate market for both buyers and sellers. The program is dynamic and filled with valuable information, featuring expert opinions, interviews, listener call-ins, on-site reports, and up-to-date market trends.
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Articles
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3 days ago |
nar.realtor | Melissa Tracey
© ChadaYui / iStock / Getty Images Plus A young, first-time home buyer was filled with excitement to finally own a home. She had her offer accepted and secured her loan in the fast-paced, COVID-era, 2020 housing market, when home prices were climbing fast. But on the eve of closing, the $30,000 downpayment she wired vanished. A scammer had intercepted the transaction, impersonated a trusted party and diverted the buyer’s entire life savings. It took two years to recover the money.
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3 days ago |
nar.realtor | Lawrence Yun
We are one step closer to a rate cut by the Federal Reserve as consumer price inflation continues to calm down. The latest inflation rate of 2.3% is the slowest rise in about four years, but still above the target inflation rate of 2%. Prescription medicine prices rose by 2.3% even as non-prescription drug costs fell by 1%. These costs could dramatically change in the upcoming months, though they comprise just 1.3% of the overall consumer budget and inflation calculation.
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1 week ago |
nar.realtor | Melissa Tracey
Mortgage applications for home purchases—a gauge of future homebuying activity—were up 13% in the week ending May 2 compared to a year ago, the Mortgage Bankers Association reported Thursday. Mortgage rates have barely budged but home buyers appear to be jumping into the market this spring, despite elevated home prices in most markets.
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1 week ago |
nar.realtor | Melissa Tracey
Ariel Skelley / DigitalVision / Getty Images Homeowners are the clear winners in the housing market, continuing to experience strong appreciation as home prices remain on a steady upward march nationwide. Some markets are still seeing double-digit gains. Syracuse, N.Y., has seen the largest home price increase in the country over the past year—up about 18% annually, according to the National Association of REALTORS®’ latest quarterly report, based on first quarter metro sales data.
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1 week ago |
nar.realtor | Melissa Tracey
At the REALTOR® Broker Summit in Louisville, Ky., in April, from left, Sherry Chris, Shannon McGahn and Nykia Wright discuss how local, state and national REALTOR® organizations are working on behalf of the nation’s real estate brokers. Since early January, real estate brokers have had a familiar ally at the National Association of REALTORS®. Sherry Chris, the longtime Anywhere Real Estate executive, has been moving full steam in a new advisory role.
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