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 […]
Asking prices leveled off as pending sales--which were rising at this time in 2019--posted a 3% monthly decline. Homes still sold for record prices, at record speeds.
The staggering increase in the number of homes sold hundreds of thousands of dollars above list price is symbolic of the hot housing market in Austin, which had the nation’s highest price growth in April. Seventy-two homes in the Austin metro have sold for $300,000 or more above asking price so far this year. That’s […]
Purchases of high-end homes jumped 26% in the three months ending April 30, versus a 15% increase for mid-priced homes. High-end sales rose the most in expensive metros including San Francisco and San Jose. Prices of high-end homes also saw a relatively big climb, up 14%, versus a 10% rise for affordable homes. The biggest […]
Private outdoor space is the number one feature buyers are looking for this year. Rising prices are the top concern, reflecting America’s hot housing market, with price growth hitting double digits every month this year. For nearly one-third (31%) of millennial first-time homebuyers we recently surveyed, the ability to save extra money during the coronavirus […]