Pending sales fell to a six-month low as inventory increased, giving originators more room to use seller concessions to make difficult purchase deals work
Tagged: Home Prices
Prices fell 2.9% in Austin but rose 6.4% in Chicago, showing weak purchase demand is producing local corrections rather than a national one
One in five listings had a price reduction in July, while pending sales increased for the eighth consecutive month
Price cuts and longer listing times are creating opportunities for loan officers to help borrowers negotiate seller concessions, but leverage varies sharply by metro
Annual appreciation reached its highest rate since August, but prices varied sharply by market and buyer segment
Redfin’s index rose 3% annually in June, with luxury demand and limited move-in-ready inventory supporting prices despite elevated mortgage rates
Redfin reports record home prices as existing-home sales reached their highest level since 2022
New report highlights growing demand for creative financing and first-time buyer solutions
First American says limited inventory is keeping prices at historic highs, while luxury homes continue to outperform starter and mid-tier markets
New data shows sellers who miss the market on pricing are paying a growing penalty, while buyers gain leverage in many regions