The typical home listed on a Tuesday, Wednesday or Thursday sells for $1,700 more than one listed on the weekend, and it sells nearly two days faster. And make sure not to overprice: Homes get 64% more views the day they first hit the market than the day after a price drop. Homes listed for […]
Asking prices and pending sales flatten, largely following an expected seasonal pattern, suggesting that homebuyer demand and sale prices may be peaking.
The intense demand for vacation homes is a symbol of the ongoing uneven economic recovery in the U.S., with some Americans able to afford second homes and many unable to afford even one. The number of buyers who locked in mortgage rates for second homes shot up a record 128% year over year in March. […]
Here are the ways I expect the housing market to change once most Americans are vaccinated and the economy fully reopens. Home values will grow as the economy recovers, but at a slower pace as higher mortgage rates temper demand Double-digit home-value growth will end as the U.S. reaches herd immunity and the economy […]
Nearly 40% of homes in the U.S. are selling for more than their asking price, the highest share on record. More than three out of five homes in San Jose, Sacramento, Salt Lake City, Austin and Denver sold above their asking price in the last month, driving the national share to an all-time high. Sacramento […]