Nearly Half of Buyers Get Concessions as Fed Warns Prices Must Drop
A Fed official says what we’re all thinking: home prices must drop—and sellers seem to have gotten the message. Per a recent Redfin report, 44.7% of home sales included seller concessions such as price cuts, rate buydowns, covering closing costs, or even renovations, repairs, and expensive layout changes. So, if you’re a buyer, how do you get the most from your seller on the next deal?
We’re back with this week’s headlines! We’ve brought good news for buyers, scary news for sellers, and strange-smelling stories about multifamily investors. Seller desperation is peaking as concessions offer…
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