Prices Drops Are Becoming Slightly Less Common As Housing Market Stabilizes
The share of home sellers cutting their asking prices has fallen from its peak as buyers lose a bit of negotiating power, but price drops are still much more common than in years past. Redfin Early Access, which allows sellers to test the market via “coming soon” listings, can help homeowners price
U.S. Home Prices Rose 0.2% in April
Improving homebuyer demand could fuel further price gains in the coming months. Montgomery County, PA saw the biggest price gain, followed by Cleveland and Nassau County, NY. The biggest declines were in Oakland, CA, Newark, NJ and Phoenix. U.S. home prices rose 0.2% month over month in April on a s
Iran Tensions, Not Economic Data, Are Driving Mortgage Rates This Week
This Week In A Nutshell: Rates are likely to move more on headlines out of Iran than on economic data. If peace talks show real progress, rates could come down, but if the Strait of Hormuz remains closed, markets will keep pricing in Fed rate hikes. Upcoming Attractions This is a light week for ma
More Than 80% of Prospective Home Sellers Are Interested in a “Coming Soon” Approach to Listing
Most homeowners would move if they could–but they feel stuck. Three-quarters of U.S. homeowners would choose to live somewhere else if they could move now without financial or logistical barriers, according to a recent survey conducted by Rocket Mortgage. Understanding their home’s value clears a m
