Real Estate News and Tips

Real Estate News and Tips

Real Estate News and Tips

How Emerging Technologies Are Revolutionizing Real Estate and Mortgages

The real estate and mortgage industries are entering a tech-driven era, with cutting-edge innovations like artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) reshaping the way we work. From simplifying workflows to strengthening client relationships, these advancements are poised to create exciting opportunities for agents, brokers, lenders, and homebuyers alike. We […]
Finance, Real Estate News and Tips

What to Expect from the Housing Market in 2025: Insights for Buyers, Sellers, and Renters

The real estate market is gearing up for an eventful 2025, with promising opportunities and a few challenges to navigate. From shifting buyer-seller dynamics to mortgage rate rollercoasters, here’s what you need to know about Zillow’s latest housing market predictions—and how you can prepare to make the most of the year ahead. A More […]
Finance, Real Estate News and Tips

When Could Mortgage Rates Hit 5% Again? Here’s What Experts Say

If you’re hoping for mortgage rates to drop back to 5%, you’re not alone. Today’s higher interest rates have put homeownership out of reach for many Americans, forcing some buyers to pause their plans. While rates dipped briefly in September 2024, they quickly rebounded, leaving many buyers waiting for a more affordable rate environment. […]
Finance, Real Estate News and Tips

Mortgage Rates Update: What You Need to Know Now

The housing market is always evolving, and mortgage rates play a big role in determining when it’s the right time to buy a home or refinance your current loan. As rates change, so do opportunities for homebuyers and homeowners alike. Here’s a breakdown of today’s trends, what experts predict, and how you can make […]

Real Estate News and Tips How Emerging Technologies Are Revolutionizing Real Estate and Mortgages The real estate and mortgage industries are entering a tech-driven era, with cutting-edge innovations like artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) reshaping the way we work. From simplifying workflows to strengthening client relationships, these advancements are poised to create exciting opportunities for agents, brokers, lenders, and homebuyers alike. We […]

Finance What to Expect from the Housing Market in 2025: Insights for Buyers, Sellers, and Renters The real estate market is gearing up for an eventful 2025, with promising opportunities and a few challenges to navigate. From shifting buyer-seller dynamics to mortgage rate rollercoasters, here’s what you need to know about Zillow’s latest housing market predictions—and how you can prepare to make the most of the year ahead. A More […]

Finance When Could Mortgage Rates Hit 5% Again? Here’s What Experts Say If you’re hoping for mortgage rates to drop back to 5%, you’re not alone. Today’s higher interest rates have put homeownership out of reach for many Americans, forcing some buyers to pause their plans. While rates dipped briefly in September 2024, they quickly rebounded, leaving many buyers waiting for a more affordable rate environment. […]

Finance Mortgage Rates Update: What You Need to Know Now The housing market is always evolving, and mortgage rates play a big role in determining when it’s the right time to buy a home or refinance your current loan. As rates change, so do opportunities for homebuyers and homeowners alike. Here’s a breakdown of today’s trends, what experts predict, and how you can make […]

FAQs Will the Housing Market Crash? What Experts Predict for 2024 Key Insights: Home prices continue to hit record highs, while mortgage rates remain elevated after a brief decline. Experts predict any market correction will be mild, far from the dramatic downturn of the Great Recession. Low housing inventory, strict lending standards, and strong demand are preventing a market crash. Despite rising mortgage rates, the housing […]

Finance Housing Market Predictions for Late 2024: What Buyers and Sellers Need to Know As 2024 draws to a close, the housing market remains a mix of challenges and opportunities. With historically high home prices, persistently low inventory, and evolving mortgage rates, the dynamics of buying and selling are anything but straightforward. Here’s a closer look at what experts predict for the remainder of the year and what […]

Real Estate News and Tips Fixer-Uppers in Demand as Buyers Seek Affordable Options in Tight Housing Market Existing home sales hit a 14-year low in September, according to the National Association of Realtors (NAR). Meanwhile, the Federal Reserve’s Beige Book hinted at a potential shift in the housing market, noting an increase in inventory across the country. In Virginia, for instance, agents are seeing a rise in “fixer-uppers and less-than-ideal homes” hitting […]

Real Estate News and Tips $16 Million Awarded to Expand Affordable Housing for People with Disabilities in Oregon and Washington Exciting news for the Pacific Northwest! The Biden-Harris Administration has awarded $16 million to expand affordable housing for people with disabilities in Oregon and Washington. This funding is part of a larger $138.5 million grant from the U.S. Department of Housing and Urban Development (HUD), aimed at increasing housing options and supportive services for low-income […]

Finance The Shift Away from All-Cash Offers: A Win for Smaller Investors During the intense housing market of the pandemic years, cash offers dominated, often outpacing traditional buyers. However, the landscape is changing, offering new opportunities for smaller investors and regular homebuyers. Decline in All-Cash Purchases According to a recent Realtor.com® report, the percentage of investors buying homes with all cash dropped to 64% in the first […]

Finance Buyers Hold Steady as Mortgage Rates Remain Flat As we keep an eye on the housing market, mortgage rates have remained steady this week, leaving many potential homebuyers in a holding pattern. Meanwhile, inventory is growing, but sellers are starting to pull back. Let’s break down the latest market trends and what they mean for you. Mortgage Rates Update This week, the average […]

FAQs Get the Most Home for Your Money Understanding a home’s price per square foot can help you determine if you’re getting a good deal or paying too much. It’s a handy metric when you’re shopping for a home, offering a quick way to gauge whether the seller’s asking price is reasonable compared to similar homes in the area. Zillow® analyzed the top […]

Finance 7 Types of Homes Expected to Soar in Value by the End of 2025 Halfway through the year, it’s still a seller’s market in many U.S. real estate markets. According to Forbes, there are only about three months’ worth of inventory available in some states, far below the six months needed for a true buyer’s market. Home prices are continuing to climb, with the median U.S. home sales price […]

FAQs All Under One Roof: Trends in Multigenerational Living Multigenerational living is becoming increasingly popular, though there’s no one-size-fits-all solution to make it work. Families and builders are finding creative, flexible ways to meet the unique needs of this living arrangement. Key Takeaways There’s no single answer to making multigenerational living work, so homeowners and builders must come up with various solutions. The United […]

FAQs Why Summer is the Best Time to Sell Your Home Even though the real estate market tends to slow down in the summer, buyers are still eager to close deals before fall. Here’s why summer can be an ideal time to sell your home: Key Points Momentum from Spring: The energy from the spring real estate market often carries into June, but activity typically slows […]

Real Estate News and Tips Washington ranks above Oregon in terms of quality of life Living in Washington State speaks volumes about your love for a high-quality life. According to a recent CNBC study, Washington ranks above Oregon in terms of quality of life, securing the fifth spot in the nation. The Evergreen State earned 230 out of 325 points, thanks to its inclusiveness, worker protections, and robust voting rights. […]

Finance Exciting News for Washington Homebuyers: The Covenant Homeownership Program is Here! A Step Towards Justice and Homeownership As of July 1, 2024, the Covenant Homeownership Program is officially open! This program, championed by the Housing Development Consortium, the Black Home Initiative, Rep. Jamila Taylor, Sen. John Lovick, and Rep. Frank Chopp, aims to address historical housing discrimination in Washington state. Passed with bipartisan support, the Covenant […]

Real Estate News and Tips Homes Selling Below List Price: Good News for Buyers, Challenges for Sellers Homes sold below their list price at the peak of the housing season, a shift that could tip the real estate market in favor of buyers, according to Redfin. During a four-week span in May and June, the typical home sold for 0.3% less than its asking price, Redfin reports. This is significant because, in […]

Real Estate News and Tips Western Washington Property Values Rise in 2024 – But It’s Not Uniform Home values across Western Washington are generally on the rise for 2024, but the increase varies by community. Meanwhile, many office spaces and condos are experiencing a decline in value. “After dramatic fluctuations in the residential market during the COVID years, values have returned to a steady level of increase,” stated King County Assessor John […]

Real Estate News and Tips Buyers Gaining an Edge in the Housing Market: Insights from Real Estate Experts Great news for homebuyers: the housing market is starting to tilt in your favor! Compass cofounder and CEO Robert Reffkin recently shared some insights that highlight how the market dynamics are changing. Reffkin told CNBC that currently, 30% of the housing inventory has seen price drops, a level not seen in the past decade. Additionally, […]

FAQs Unlocking the Potential: Converting a Manufactured Home to Real Property Can a manufactured home become real property? The answer is a resounding yes, but with some crucial considerations. The process of classifying a manufactured home as real property varies by state and local jurisdictions. State-specific statutes outline the procedures for this classification, which may involve documents like a Certificate of Title or an affidavit […]