Saturday, May 18, 2024 | The Latest Buzz for the Appraisal Industry

Homebuyer Competition Finally Slows Down After Nearly a Year

In November, 59.5% of home offers written by Redfin agents faced competition, the lowest level in 11 months, according to a new report from Redfin. That’s down from a revised rate of 61.8% in October and a pandemic peak of 74.6% in April, but up slightly from 57.3% in November 2020.

The housing market remains hotter than normal due to record-low mortgage rates and an acute shortage of homes for sale. But homebuyer demand

This post was originally published on this site

Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

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