Pricey Eastside suburbs are particularly hot: In Bellevue, 88 homes have sold for more than $300,000 over asking price this year, versus just two last year. So far this year, 580 homes in the Seattle metro area have sold for $300,000 or more above their asking prices. That compares with 16 homes during the same […]
70% of home offers faced bidding wars in May, down from 74% in April. Still, competition remains far more intense than it was a year ago. In May, 70.4% of home offers written by Redfin agents faced competition, down from a revised rate of 73.6% in April but still up significantly from 52.7% in May […]
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 […]