Affordability is improving in 37 out of the 50 most populous metros in the U.S. as mortgage rates come down and household incomes gradually rise. However, in pricey coastal markets, most households still only earn about half of what is necessary to aff… Continue reading
The number of homesellers exceeded homebuyers by a record 36.8 percent in October, which is the largest divide between the two groups since at least 2013, Redfin reported on Wednesday. Continue reading
Reports released on Thursday by Redfin and Realtor.com show that homesellers are increasingly motivated to sell, especially in lower price ranges and on single-family homes. Continue reading
Down payments are declining even as home prices are rising because buyers are facing affordability challenges or opting to reserve more of their cash because of economic uncertainty, Redfin said. Continue reading
Rising inventory and shifting seller expectations have given homebuyers the upper hand in Manhattan, according to Douglas Elliman’s latest quarterly report. Continue reading
A new generation of homebuyers doesn’t seem to believe that simply owning a home can be the first step toward wealth creation. Agents can help them to gain a more sensible perspective and a home in their price range with these suggestions. Continue reading