Lower Rates Could Be Bringing More Buyers Out
Falling mortgage could be bringing out more homebuyers, according to a handful of new data reports.
Northeast Markets Stay Competitive as Bidding Wars Taper Off
A new report from brokerage and listings portal Redfin suggests homebuyer competition took a nosedive in major markets bracketing Connecticut between June and July – but it’s still stronger than in many metros. The company’s researchers reported only 53.2...
CT Housing Markets Still Hotter than 2019
Housing markets across the country may be slumping, but across Connecticut, indicators suggest demand is still stronger than the pre-pandemic baseline, even if it is waning.
Redfin: Pricier Homes Attracted More Offers Last Month
Redfin’s monthly report on demand for home sales in the country’s biggest metro areas found the prevalence of multiple offers on residential properties stayed steady into December.
Report: Bidding Wars Drop Again in July
Redfin reported that the share of offers written by its area agents which faced at least one competing offer dropped to 60.1 percent in July, down from 66.5 percent in June and a peak of 74.1 percent in April.
In Bidding Wars, How High Is Enough?
One of the first questions buyers ask these days is: How far over the asking price should I go to get the house I want? Obviously, it all depends.
Is It Time to Stop Writing Buyer Love Letters?
A number of agents in recent months have become adamant that we should all stop our buyers from writing “love letters” to sellers because these letters often violate fair housing laws. They also advised listing agents to avoid presenting any of these letters to their sellers if they receive any from buyers. I disagree with both positions.
Ownership Is Power, But at What Cost?
Some homebuyers, even those who absolutely adore their places, have “buyer’s remorse” – second thoughts about their purchase.
Survey: Bidding Wars the Leading Source of Unsuccessful Buyers
Lost bidding wars and home prices that have risen above buyers’ ability to pay are the leading cause of stymied buyers, a new poll finds.
Bidding Wars Up as Spring Market Opens
Nearly two-thirds of home offers written by Redfin agents across the country in March faced competition, a new report says.
High Prices Offset Gains from Low Rates
Housing prices are rising so fast around the country – “too fast,” as the chief economist at the National Association of Realtors said recently – that they are all but obliterating any gains buyers are seeing from record-low interest rates.
Odd Lots: Forbearance Drop Hides Key Developments
The number of homeowners seeking mortgage forbearance fell for at least eight straight weeks this summer. But that decline masks a couple of other important trends.
How to Survive a Bidding War
Would-be buyers who venture forth over the next several months are likely to find the number of houses for sale so sparse that they’ll end up bidding against each other for the best properties.
