Buyers could be enticed back to the housing market in time for the spring buying season. That’s according to a new analysis from Zillow, which found that market conditions have rebounded in buyers’ favor over the course of the month. Rates are sitting at their lowest point since December 2024, while annual home value growth…
More Americans are stepping out for the early stages of home shopping as rates have cooled, but few are actually pulling the trigger. That’s according to a new analysis by Redfin, which found that while purchase applications and Google searches of “homes for sale” are up 10% on the month, home sales haven’t increased at…
Late May is the best time to maximize profits on a home sale as shoppers buckle down for a purchase before summer vacation. A new Zillow analysis found that homes listed in the last two weeks of May sold for 1.6% more. That puts $5,600 more bucks in a typical seller’s pocket. Historically, shoppers buckle…
Prospective homebuyers are most interested in put-together homes that require few renovations in 2025. More than half of home shoppers said the condition of a home is the most important factor in their search, according to a new survey from Bright MLS based on responses from nearly 700 Americans. While 56% said a turn-key home…
Buying a starter home is over $1,000 more expensive per month than renting but that doesn’t mean either is a cheap option. A new starter home now costs $1,091 more on the month than renting the same property, a new analysis from John Burns Research & Consulting found. Though this is better than October 2023’s…
Bilt Rewards partnered with eXp Realty to open its points-for-rent program to include home purchases. The company, a rewards program for renters who pay with a Bilt credit card, will now award one point for every $2 of a home’s purchase price. Bilt Points are redeemable for a variety of luxuries, such as travel and…
Buyers and sellers continued to make waves in October, riding the high from September’s cooling rates and increased inventory. New listings lead to significant pending home sales bumps, with the biggest gains seen in Boston (+25.7%), San Diego (+22.1%), and Seattle (+50.5%), according to Realtor.com’s October Monthly Housing Report. The report notes that the rise…
More homebuyer assistance programs appeared in Q3 2024 as home shoppers struggled with ongoing unaffordability. The number of national homebuyer assistance programs increased by 29 to 2,444, including a 5% bump in programs for first-generation buyers. There was an 8% jump in below-market rate/resale programs, a 7% increase in grant-funded programs, and a 6% boost…
Home sale activity is finally rising in some areas of the country as buyers take advantage of a cooling rate period. Pending home sales rose 2% YOY in the four weeks ending October 6, Redfin reported. This is the biggest increase in three years. Early-stage demand indicators are also improving, with tours and other buying…
Lenders looking for happy, loyal customers can benefit from streamlining and digitizing their closings, the part of borrowing that frustrates buyers the most. In a new survey from Snapdocs, 60% of homebuyers said they experience frustration during the mortgage process, especially during closing, which can impact lenders’ reputations and profits later. “Borrowers don’t remember everything…
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