29% of U.S. homebuyers are paying in cash, down essentially unchanged from last year and down from a peak of nearly 35% two years ago due to declining mortgage rates. The typical down payment is climbing, partly because in today’s expensive market, many buyers are affluent. It now sits at a record $70,000, and in […]
29% of U.S. Home Purchases Are Made in Cash, Essentially Flat From a Year Ago Read More »
California compounds and Colorado ski houses made up the lion’s share of September’s most expensive home sales. The Green Gables estate in the Bay Area, which consists of seven houses on 74 acres, was the most expensive home sale of September, bringing in $85 million. It’s followed by an Aspen, CO property that sold for
September’s Most Expensive Home Sales Include Ellen DeGeneres’ Former Montecito Mansion Read More »
Even though mortgage rates are sitting near their lowest level in a year, house hunters are spooked by stubbornly high home prices and jitters about a possible recession and the government shutdown. New listings of U.S. homes for sale rose 4.1% year over year during the four weeks ending October 12, the biggest increase in
Pending home sales are declining, with some house hunters waiting for mortgage rates to drop lower and some feeling jittery about the economy. New listings of U.S. homes for sale rose 2.3% year over year during the four weeks ending October 5, the biggest increase in over three months. Some sellers listed their homes in
More Home Sellers Test the Market, But Buyers Aren’t Budging Read More »
Some Americans are changing plans because they’re directly impacted by the shutdown, and others are wary of making a big purchase because of economic uncertainty. But most are moving forward with purchases. Roughly one in six (17%) Americans are delaying a major purchase like a home or car because of the federal government shutdown, according
Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month—the highest August percentage in records dating back to 2017. Buyers frequently back out of deals when they find issues during the inspection, they have trouble selling their existing home or their financing falls through, according
Homebuyers Are Canceling Deals at a Record Rate. Here’s Why. Read More »
