The share of home sellers cutting their asking prices has fallen from its peak as buyers lose a bit of negotiating power, but price drops are still much more common than in years past. Redfin Early Access, which allows sellers to test the market via “coming soon” listings, can help homeowners price accurately from the […]
Prices Drops Are Becoming Slightly Less Common As Housing Market Stabilizes Read More »
Improving homebuyer demand could fuel further price gains in the coming months. Montgomery County, PA saw the biggest price gain, followed by Cleveland and Nassau County, NY. The biggest declines were in Oakland, CA, Newark, NJ and Phoenix. U.S. home prices rose 0.2% month over month in April on a seasonally adjusted basis, and climbed
U.S. Home Prices Rose 0.2% in April Read More »
Most homeowners would move if they could–but they feel stuck. Three-quarters of U.S. homeowners would choose to live somewhere else if they could move now without financial or logistical barriers, according to a recent survey conducted by Rocket Mortgage. Understanding their home’s value clears a major hurdle for many prospective sellers. Two-thirds of homeowners who
Sale prices are rising as homebuying demand strengthens. U.S. pending homes sales jumped 9.6% year over year to their highest level since September 2022, on a seasonally adjusted basis. Pending sales are rising in every major U.S. metro except three (Houston, Detroit and Seattle). Mortgage-purchase applications are up 4% week over week. Strengthening demand is
Pending Home Sales Jump 10% From a Year Ago to Highest Level Since 2022 Read More »
Bruce Willis’ former Beverly Hills home and a mountain retreat in Vail are also among April’s most expensive home sales. An unfinished mansion in Montecito, CA was the most expensive U.S. home sale of April, bringing in nearly $60 million. Coastal Florida took the No. 2 and No. 3 spots, with an oceanfront Palm Beach
$60 Million Montecito Mansion Tops List of April’s Priciest Home Sales Read More »
There were an estimated 47% more sellers than buyers in April, down from 48% the month before and a peak of 49% at the end of last year. The gap is shrinking as buyers start to come off of the sidelines amid a stabilizing job market. For months, the balance of power in the U.S.
America’s Housing Market Favors Buyers—But Their Advantage Is Finally Starting to Shrink Read More »
