About 59% of home offers written by Redfin agents received at last one other offer, a decline from a revised rate of 62% in July, the real estate brokerage said in a report.
If builders were able to double this year’s increased pace of new home production, it still would take five to six years to close the gap, according to a report from Realtor.com.
U.S. home prices surged 18.6% in June from a year earlier, the biggest jump ever...
U.S. pending home sales dipped by 1.8% in July, the second consecutive month of declines, as a shortage of properties on the market hampered demand.
U.S. home sales rose in July and price gains moderated as more properties came on the market, the NAR report said.
Lakeland and Winter Haven, Florida, posted the biggest U.S. median home price gain since the pandemic’s earliest days, with a 32% jump in June from a year earlier.
Despite what you might have heard, a 20% down payment isn’t necessary to buy a house. What can you do to improve your chances of buying a home with little (or even no) down payment?
Housing starts fell 7% in July as homebuilders struggled amid labor and supply shortages to meet demand boosted by low mortgage rates.
An index measuring homebuilder sentiment dropped in August to the lowest reading in more than a year as buyers were discouraged by a spike in prices.
An inventory shortage and high standards for mortgages will keep the U.S. from a repeat of the housing bust that occurred in 2008, Wells Fargo economists said.
