Nearly half of U.S. home sellers gave concessions to buyers in May, the highest May share in our records Concessions were most common in Nashville, the nation’s strongest buyer’s market, where three-quarters of sellers handed out concessions to attract buyers. They were least common in the Bay Area and other markets that are tilting toward […]
Pending home sales fell for the fifth week in a row, and new listings declined, too. The median U.S. monthly housing payment hit $2,647 during the four weeks ending June 14, its highest level in a year and just about $100 shy of 2023’s all-time high. Housing payments are rising because both home-sale prices and
Housing Payments Hit 1-Year High, Sending Buyers to the Sidelines Read More »
Nationwide, 13.6% of the homebuying deals made in May fell through. That share has held steady over the last 4 months as buyers and sellers grow accustomed to today’s market. 4 of the 10 metros where contract cancellations were most common were in Texas, and three were in Florida; all are strong buyer’s markets. Deals
A Boca Raton mansion within a private golf course community and two apartments in New York City are among May’s most expensive home sales. A massive waterfront estate in Boca Raton, two ultra-luxury Manhattan properties, and several waterfront Florida estates were among May’s most expensive home sales. A sprawling estate in Boca Raton, FL claimed
Florida Dominates May’s Most Expensive Home Sales, Led by a $75 Million Boca Raton Deal Read More »
The massive IPO would create enough wealth for SpaceX employees to buy roughly 40% of all the homes in San Antonio, one of the closest major metros to where the company is headquartered. Or they could buy every single home in McAllen, located just 80 miles away from the SpaceX headquarters. Alternatively, they could buy
SpaceX Employees Could Buy 2 in 5 San Antonio Homes With Their IPO Windfall Read More »
High housing costs and economic instability are driving would-be buyers away. The median U.S. home-sale price hit a record $400,894 during the four weeks ending June 7, up 1.5% year over year. That marks the first time the typical American existing home has sold for over $400,000, according to a Redfin analysis of MLS data.
Record Home Prices, High Mortgage Rates Push Pending Sales Down for Fourth Straight Week Read More »
