Despite increasing equity, fewer homeowners are taking out home equity lines of credit. A March 18 report from ATTOM Data Solutions shows the number of HELOCs issued...CONTINUE READING ARTICLE
Are More Homeowners Cashing In on Their Equity?
Why Demand for Vacation Homes Is Dropping
Rising mortgage rates may be tamping down demand for second homes, which reached its lowest level in February since May 2020, new Redfin research shows. Still, second-home...CONTINUE READING ARTICLE
Buyer Offers $50K for Other Buyer to Walk Away
Housing inventories are tight, and desperate buyers are going to desperate extremes.
Home buyers continue to submit offers well above asking price and waive appraisals...CONTINUE READING ARTICLE
Single-Family Rents Jump to Record Highs
The demand for single-family rental homes is climbing, sending rental prices soaring. The annual gain in single-family rents rose to a record level of 12.6% in January, the...CONTINUE READING ARTICLE
Nearly 6K Homes Sold $100K or More Above Asking
Home buyers continue to drive up home prices in bidding wars, and some are willing to offer six figures above the asking price to beat the competition. In the U.S.,...CONTINUE READING ARTICLE