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Pending sales dipped during the week that began with the holiday, and other leading indicators show signs of slight cooling in the market.
Though mortgage-rate locks for second homes were up nearly 50% year over year in May, the growth rate is returning to pre-pandemic levels as high prices and tighter lending rules make vacation-home buyers think twice. The number of buyers who locked in mortgage rates to purchase a second home nationwide rose 48% year over year
Homes With High Flood Risk Are Selling for Nearly $50,000 More Than Low-Risk Homes as Pandemic Buyers Chase Waterfront Properties
The typical home with high flood risk sold for $402,010 in the first quarter—a 14% premium over the typical home with low flood risk. That’s double the premium we saw before the pandemic. The median sale price of homes with high flood risk was $402,010 in the first quarter, compared with $353,783 for homes with
Redfin Customers Saved an Average of $8,200 in Real Estate Fees in 2020 Redfin just passed a major milestone: we’ve now saved our customers more than $1 billion in real estate fees! Since 2006, we’ve been saving customers money by charging sellers a low listing fee and giving homebuyers a commission refund when they purchase
Asking prices leveled off as pending sales–which were rising at this time in 2019–posted a 3% monthly decline. Homes still sold for record prices, at record speeds.
1,500 Austin Homes Have Sold For More Than $100,000 Above Asking Price This Year. The Same Time Last Year, It Was 22.
The staggering increase in the number of homes sold hundreds of thousands of dollars above list price is symbolic of the hot housing market in Austin, which had the nation’s highest price growth in April. Seventy-two homes in the Austin metro have sold for $300,000 or more above asking price so far this year. That’s