Mortgage-rate locks for second homes fell 11% year over year in June after a year of double- and triple-digit increases. The number of buyers who locked in mortgage rates to purchase a second home nationwide fell 11.1% year over year in June, a reversal from the yearlong surge in demand for vacation homes driven by […]
The bidding-war rate remains higher than it was a year ago, but has dropped to 65% from its peak earlier this year. That’s partly because new listings have returned to pre-pandemic levels, giving buyers more options. In June, 65% of home offers written by Redfin agents faced competition, down from a revised rate of 72.1% […]
The typical home sold for its highest price on record, at its fastest pace on record, and for 2.3% above list price, the largest sale price premium on record.