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Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.
Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines.
Rising property values had homeowners cashing out of their existing residences to buy bigger homes in less-expensive areas last year.
High-end home sales surged in the three months ended April 30 as prices also rose and listings increased.
Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year.
First-time homebuyers found their long-term plans changed due to COVID.
The limited inventory that has plagued the housing market continued, although at an abated pace.
Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.
Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.
Listing keywords associated with families and children, like community pools, nearby parks and cul-de-sacs, led to both faster-than-expected sales and higher premiums.