Price cuts, while rare in this market, often lead to greater profit: Zillow

The number of sellers who choose to cut their listing price has dropped by a third over the last year, but a Zillow report found that if the price is dropped at the right time, sellers can net $15,000 over ask. Continue reading

Suburban condo conundrum: Sales soar as buyers hunt for elusive deals

The idea that the city is for condos and the suburbs are for homes is not reflective of a market in which suburban condo sales — and prices — are soaring. Continue reading

Young adults put pandemic savings toward down payments

Zillow survey finds that half of millennials and Gen Zers plan to use money saved on transportation, child care and dining out to buy a home. Continue reading

The risks of taking out cash against a home in today’s market

Rising home equity has increased demand in the cash-out refinance market. But taking out cash against a home isn’t always the smartest idea. Continue reading

Wave of new agents swarm NYC market amid inventory shortage

The number of new agents entering the New York City market rose 7 percent in May as the city continues its economic recovery, according to data analysis company Corofy. Continue reading

Asian American homeownership is still lagging: Report

Asian American homeownership rates lag in numerous major cities including New York, Los Angeles and Boston. Continue reading

Rising home prices may be crimping demand for purchase mortgages

Demand for purchase mortgages fell last week to the lowest level since May 2020, which could be a sign first-time homebuyers are getting squeezed out of the market. Continue reading