First-time homebuyers in the U.S. are getting older. The median first-time homebuyer has reached an all-time high age of 38 years old, three years older than in July 2023, according to the National Association of Realtors’ 2024 Profile of Home Buyers and Sellers report.
Saving for a home down payment can feel challenging, given current real estate prices. Using the right assets can help give your balance a lift.
WORLD PROPERTY CHANNEL TV (WPC TV), an emerging global real estate news streaming subscription service, announced this week it has begun platform construction and is scheduled to launch in late 2025.
Many people are wary of making big decisions during periods of uncertainty — like the lead-up to a presidential election. And that’s playing out in the housing market, with a significant number of first-time homebuyers waiting to see how the presidential election turns out before moving forward with a purchase, a new Redfin survey found.
While solo agents have long dominated the industry, many real estate sales professionals are now choosing to team up to share resources, referrals and more — and brokerages are capitalizing on this trend with team-friendly programs, including Real’s Private Label initiative, Side’s boutique-team platform, and Redfin’s push to formalize teams within Redfin Next.
According to ATTOM’s newly released Q3 2024 U.S. Foreclosure Market Report, a total of 87,108 U.S. properties had foreclosure filings in the third quarter of 2024, representing a 2 percent decrease from the previous quarter and a 13 percent decline from the same period last year. The report also shows that 29,668 properties had foreclosure filings in September 2024, down 2 percent from August and 19 percent from a year ago.
According to a recent Redfin report, only 25 out of every 1,000 U.S. homes changed ownership in the first eight months of 2024, marking the lowest housing turnover rate in 30 years. Redfin’s analysis, which focused on turnover as an indicator of housing availability, compared data across various metro areas, home types, and neighborhoods from 2012 to 2024.
Homebuyer sentiment reached its highest level in more than two years in September, but that may not last as mortgage rates continue to rise.
Real estate has been historically slow to modernize, but AI is changing that. The integration of artificial intelligence is transforming how buyers and sellers interact with agents, fundamentally altering competitive dynamics in the industry.
A couple of new studies found that affordability is getting better for home buyers — in ways that signal “further relief” ahead as well as a changing definition of starter homes. First American’s Home Price Index found that annual affordability improved 4.1% for buyers in August, the first time that’s happened since 2021. Not only Read More…
