Tag Archives: summer homebuying

Summer slump sees buyers back out of deals at record rates

By | | Uncategorized
Comments Off on Summer slump sees buyers back out of deals at record rates

Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin. Continue reading →

Median sale price climbs to $426K for only 2nd time in US history

By | | Uncategorized
Comments Off on Median sale price climbs to $426K for only 2nd time in US history

Undeterred by elevated mortgage rates, homebuyers battling over scant inventory pushed June’s median sales price to the second-highest level in history, according to new data released Monday by Redfin. Continue reading →