The toughest part of buying a house isn’t finding the ideal place or locking down financing. It’s actually making the offer – not just the monetary part, mind you, but deciding what to include and what to leave out.
Many market observers believe Massachusetts is headed for another spring of multiple offers and waived contingencies, thanks to how still-high interest rates have stabilized in recent weeks.
Falling mortgage rates appear to have brought more buyers out in December than in November, according to a new report from brokerage and listings portal Redfin.
The Greater Boston and Greater Worcester housing markets have cooled considerably in the last 12 months, but by at least one measure, didn’t cool that much between July and August.
A new report from brokerage and listings portal Redfin suggests homebuyer competition took a nosedive in Greater Boston between June and July – but it’s still stronger than in many metros.
The Greater Worcester area was the nation’s most competitive housing market in May, according to a new Redfin report that measured the number of competing offers its buyers agents encountered. And Greater Boston was the nation’s third-hottest.
A group of local real estate agents and technology experts launched a homebuying platform in Boston this spring that banks on the idea pulling back the curtain on the bidding process could be a disruptive success in residential real estate.
Could the suburban shift in Greater Boston homebuyer demand be on the wane? That’s what Zillow researchers are suggesting in a new report out this morning.
Even as rising home prices and interest rates pushed many out of the housing market last month, several indicators show competition for the few remaining homes for sale stayed fierce.
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, a month that typically saw a significant drop-off in buyer interest pre-pandemic.
Competition among prospective Greater Boston homeowners stayed strong in November according to a new report from the brokerage Redfin.
Boston saw fewer house and condominium listings receive multiple offers last month, according to a new report from Redfin.
A new national survey by Zillow suggests that buyers who submit five or six unsuccessful offers are in the minority, even in the intensely competitive housing market of the last 20 months.
In yet another sign the housing market has pulled back from the spring frenzy, the share of bidding wars reported in Greater Boston dropped by nearly 100 basis points between June and July.
In real estate, a house isn’t sold until the Fat Lady sings at the closing. Until then, the seller should keep their options open by accepting backup contracts.
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.
Some homebuyers, even those who absolutely adore their places, have “buyer’s remorse” – second thoughts about their purchase.
Between lower foot traffic at open houses and a slight reduction in the number of bidding wars reported by a major brokerage, it looks like buyer demand has eased slightly in the Boston area.
Redfin’s monthly report on bidding wars reported that 79.7 percent of all offers written by Redfin buyer’s agents in the area faced at least one other offer.
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.
