Redfin economist: ‘We’re going to have pain’ while high inflation lasts

Daryl Fairweather also said during her Yahoo Finance appearance that "demand is very weak" as both homebuyers and sellers take a breather from the housing market.

Built in 1730, a Classic Connecticut Farmhouse Is the Week’s Oldest Property

Realtor.com

A classic New England farmhouse in Union, CT, is the oldest property to hit the market this week on Realtor.com®.

The sprawling home on 10 acres could be used as a single-family residence or turned into a bed-and-breakfast. The four-bedroom home comes with a workshop and greenhouse, as well as a custom pool, hot tub, and barbecue area.

Other vintage gems on the market this week include an affordable saltbox in Connecticut, a well-preserved farmhouse in Maine, and a Spanish Colonial in Puerto Rico.

Scroll down for a full look at this week’s 10 oldest homes.











Continue reading

First Community Mortgage recognized for ethical practices

Subsidiary of First Community Bank of Tennessee has also been recognized for its efforts to reach a diverse population of borrowers.

Local association’s revenue bump funds national ad campaign

Broward, Palm Beaches and St. Lucie Realtors' "Only a Realtor" commercials are a "local contribution to creating a national movement," the association says.

Here are the 10 best (and worst) cities for women in real estate

Women in real estate in Toledo make 136 percent of the earnings of men in real estate in the city — the fourth highest in the country, survey says. Women also hold a majority of real estate jobs in the city at 59 percent of all real estate jobs.

‘Fixer to Fabulous’ Is Back—With a Charming and New Kitchen Upgrade That’s Bound To Catch On

HGTV

Arkansas home renovators Dave and Jenny Marrs are back for Season 4 of “Fixer to Fabulous,” transforming ho-hum homes into one-of-a-kind gems.

In the season premiere episode, “Family Home With Aussie Flair,” the Marrses help Australian Olympic athlete Mike and his wife, Jennifer, convert a three-bedroom, three-bath 1980 home into a more modern residence that will serve their current and future needs.

After all, their three kids are not toddlers anymore, so their “playroom” requirements are a bit different. Meanwhile, the parents now want a suite of their own on the other side of the house from the kids, and Mike just needs a good space where he can prepare his cuppa (Aussie/British slang for a cup of tea).

As Dave and Jenny attempt to exceed expectations with a generous budget of $180,000, they come up with some pretty slick ideas, including one they claim they’ve never done before. Take a look for inspiration on what you might like to try around your own home, too.

Remodeled fireplace
New white oak flooring
Tea station
Secret game room
Movable homework/crafts island
Continue reading

Airbnb partners with building owners to let renters act as hosts

Tenants can become short-term rental hosts for as much as half of the year under a new approach that connects renters with buildings that allow Airbnbs.

Keller Williams mortgage exec leaves after less than 2 years

Dave Smith joined Keller Williams in 2021. He presided over the firm's lending efforts during a period of increasing difficulty for the mortgage business.

All brokerages are entering the winter of real estate: Mike DelPrete

Now that earnings are in for the big box brokerages, the anticipated revenue decline is clear. But does it tell the whole story?

Conflicts of interest spoil your integrity

Today, conflicts of interest make top headline news daily and fuel the wrath of the DOJ and FTC. Greed is at the root of carelessly mixing business lines, which is why Brad Inman says separating ownership is often necessary to avoid conflicts. 

U.S. Pending Home Sales Drop for Fifth Straight Month in October

SAUL LOEB/AFP via Getty Images

The numbers: U.S. pending home sales fell 4.6% in October, the fifth straight monthly decline, the National Association of Realtors said Wednesday.

Economists polled by the Wall Street Journal expected pending home sales to fall 5.5%.

The index captures transactions where a contract has been signed, but the home sale has not yet closed.

Key details: On a year-on-year basis, pending home sales were down a sharp 37%.

Continue reading

Christie’s International Real Estate launches Caribbean network

Christie's International Real Estate Caribbean Affiliates will serve as a "network within a network," establishing a central source for listings, market data, marketing and cooperation among the separate Christie's International Real Estate affiliates in the Caribbean.

Bryan Harsin Selling $3M Alabama Mansion After His Ouster as Auburn Coach

Getty Images / Realtor.com

A 9-12 record doesn’t exactly excite the football fans and big-money boosters at Auburn University. This is why head coach Bryan Harsin was given his walking papers last month. Next on his to-do list? Selling his Auburn, AL, home for $2,950,000 and leaving the SEC after just a couple of years.

With four bedrooms, 4.5 baths, 5,100 square feet of interior space, and a 5-acre lot, this well-appointed home is the priciest place on the market in the college town.

Classic style and interior details will no doubt appeal to a host of buyers—and perhaps the team’s new coach.

A free-flowing dining and living room feels spacious and welcoming at the same time. The stunning kitchen sports a massive island with seating for four as well as top-of-the-line appliances, including a cooktop with multiple burners and a griddle in the middle.










Continue reading

For Sale in Chile: A Modern Mediterranean Villa for $2.5 Million

After a robust recovery in 2021, Chile’s volatile housing market is sagging again as 2022 comes to a close, leading to gloomy forecasts.

Purchase mortgage demand up 4th week in a row as rates fall

Without adjustment for seasonal factors, demand for both purchase loans and refinancing remains at their lowest levels since 2000, according to an MBA lender survey.

$750,000 Homes in Pennsylvania, Arizona and North Carolina

A Colonial Revival house in Villanova, a Spanish-style home in Phoenix and an Edwardian house in Wilmington.

$750,000 Homes in Pennsylvania, Arizona and North Carolina

A Colonial Revival house in Villanova, a Spanish-style home in Phoenix and an Edwardian house in Wilmington.

Extremely On-Trend: 5 Popular Decor Looks Inside This HGTV Star’s House for Sale

Realtor.com

Kim Wolfe, host of HGTV’s “Why the Heck Did I Buy This House,” knows a thing or two about rehabbing a less-than-pretty property for buyers who fear they’ve picked up a lemon.

So it makes sense that she took her well-earned interior design and construction experience and applied it to her home in Olmos Park, TX. Wolfe and her husband, Bryan, purchased the four-bedroom, 3.5-bath fixer-upper in 2021 for $550,000.

Now, the impeccably updated property is for sale, and there’s already a buyer. But if the deal falls through, it can be yours for the tidy sum of $1,250,000.

Built in 1937, this home has good bones.

Realtor.com







Continue reading

2023: The Year of the Homebuyer? Our Bold Predictions on Home Prices, Mortgage Rates, and More

Photo-Illustration by Realtor.com / Getty Images (4)

It’s safe to say we’ve never encountered a housing market nearly as unpredictable as the one we’re in right now. After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now desperately trying to read the tea leaves to figure out where real estate prices, inventories, sales, and mortgage rates are going in the coming year.

And just in time, Realtor.com® is here to help them all figure it out with our annual housing forecast.

The bottom line: Homebuyers and renters hoping for some financial relief in 2023 will likely be disappointed. But they won’t get whiplash either. The dramatic swings and wild gyrations in the housing market are expected to taper off as the real estate ecosystem continues to slow.

While the Realtor.com 2023 forecast anticipates home and rental prices will keep climbing next year, the increases will be much more modest than the huge surges seen earlier this year. Mortgage interest rates, which have become the bane of many first-time and other buyers who can’t pay all in cash, will remain high. But they aren’t expected to substantially rise again.


Continue reading

What are you wishing for this holiday season? Pulse

This is the time of year when we're primed to start thinking about the future. That's why we want to know: What are you wishing for this holiday season?

LikeRE Logo