A new Redfin report found a record 41.9% of home sellers gave concessions to homebuyers in Q4 of 2022, through money for repairs and mortgage-rate buydowns. This represents the highest increase of any three-month period since July 2020 when Redfin started tracking this data.
βA new survey from Zillow finds backyards are now being mentioned 22 percent more often in for-sale listings compared to last year, suggesting this once overlooked area will be one of the most sought-after spaces in the coming year. #realtor#realestateagent#RealEstate
Sales of new single-family houses in November 2022 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
The 30-year fixed-rate mortgage averaged 6.42 percent as of December 29, 2022, up from the previous week when it averaged 6.27 percent, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.11 percent. #underth3moonlite#California#californiarealtor