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Tag Archives: asking price

Share of Home Sellers Offering Concessions Up From Pandemic Lows

As homebuyers continue to back out of the housing market, home sellers are providing concessions to help reduce the buyers’ total cost of purchasing the home, according to a new Redfin report, offering some house hunters a sense of financial relief in hopes to sell their homes quickly.

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Scarce Housing Inventory Ignites Bidding Wars

“The lack of supply is making it feel almost like 2021 all over again, but higher rates mean bidding wars are happening more in the $500,000 range than the $700,000 range because people can afford less,” said Redfin Agent Jeremy Lucas.

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First-Time Buyers More Likely to Take Financial Risks

American homebuyers persevered through high prices and fierce competition in 2021 and 2022, but few landed their dream home as 80% reported compromising on their priorities, according to a new report from Anytime Estimate. First-timers paid a median of $77,500 over ...

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Price Woes: Fewer Homes Selling for Above List Price

A new report from OJO Labs, a Texas-based real estate technology and guidance company, has found that 40.9% of homes in October sold for more than its list price—a number that has been consistently declining over the last four months.  This number also rings true ...

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