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Tag Archives: asking price

Home Sellers Drawing in Buyers With Concessions

As homebuyer demand cools as a result of October mortgage rates hitting their highest level in over two decades, a new Redfin report showed that the share of home sellers offering concessions to attract more buyers is increasing, as some experts say house hunters are "pickier than ever before."

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Median Home-Sale Price Down YoY

Due to a significant lack of homes for sale, the median U.S. home-sale price is down 0.9% year-over-year, according to a new housing market update from Redfin, representing the smallest decline in nearly four months.

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Typical U.S. Monthly Housing Payment Nears Record Highs

According to a new report from Redfin, near-7% mortgage rates continue to prevent both would-be homebuyers and potential home sellers from entering the market, despite the construction of new single-family homes nearing their highest level in almost 20 years.

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Pending Home Sales Down 17% YoY

Pending home sales are down nearly 20%, representing the biggest decline in over four months, but people are still showing interest in homebuying despite the total number of U.S. homes for sale declining 6% from last June.

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The Best Time to Sell in 2023

According to a new study from Realtor.com, homeowners who list the week of April 16-22 will experience the best combination of market conditions and could receive $48,000 more for their home than at the start of the year.

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Home Shoppers: Beware of the Bargain

For potential home buyers, their budget is a critical component to their purchasing decision, so a bargain-priced home can be enticing. But shoppers shouldn’t always take a listing at its word.

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