Homebuyers, take note: Many listings are selling for under asking price, and most are lingering on the market. Florida homebuyers are seeing the biggest discount. Today’s average home listing is selling for under its asking price, and taking a long time to sell. While that’s not ideal for sellers, it’s good news for homebuyers who […]
Most of Redfin.com’s most-viewed listings have two things in common: They’re located in tech hubs, and they’re expensive. Seven of Redfin.com’s 10 most-viewed home listings in January were in the Bay Area, specifically the East Bay and neighborhoods near San Jose, and two were in Seattle’s eastside suburbs. One was in the Los Angeles neighborhood
Here Are the 10 Most-Viewed Online Home Listings of January Read More »
Most homeowners still have a mortgage rate far below today’s levels, which is prompting many to stay put. But this lock-in effect is starting to ease because Americans are growing accustomed to elevated rates, and for many, it’s not realistic to stay put forever. That’s boosting listings and easing the housing shortage. Nationwide, 17.2% of
The uptick in new listings, along with slow sales, is contributing to a growing pool of supply for homebuyers to choose from. It has also led to the typical home selling for 2% under asking price, the biggest discount in two years–but housing costs are still ultra-high. New listings of U.S. homes for sale rose
Single and divorced people are more likely than people who are married to make certain sacrifices, including skipping meals, to afford rent and mortgage payments, according to Redfin survey findings. That’s largely because single people are making payments alone; for instance, a single Washington, D.C. renter pays nearly $12,000 more per year than someone splitting
Overall, buyer’s agents are earning an average of 2.37% in commission. That’s essentially unchanged since the new NAR rules took effect in August, but down a bit since the rules were announced last March. Breaking it down by price, the average buyer’s agent commission for $1 million-plus homes has decreased to 2.17%, from 2.22%, since
