Tag Archives: low inventory

“Some buyers are asking sellers for the sun, the moon, and the stars in addition to offering below the asking price, and some are requesting no extras because they’re so motivated to secure one of the few homes on the market,” said Boise, Idaho Redfin agent Shauna Pendleton.

Redfin reports that demand for vacation homes is down more than 50% from pre-pandemic levels, as the number of people locking in mortgages for second homes dropped to its lowest level since 2016 in February.

Adel Issa of Carrington Mortgage Services explains how quality mortgage servicing is critical as the housing market shifts.

Despite mounting affordability challenges, existing-home sales continued to push upward, rising a slight 0.8% over September’s totals.

With rent medians increasing at a record rate, a new report shows why homeownership isn’t being sought after as a solution.