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New date from Zillow suggests the time of year owners sell affects how much they get. The best time varies by region.
Some are even cutting prices, reflecting motivation to lock in years of gains. Sellers’ rising median age might be a factor.
Pending sales were up 2.2% in November.
Pending home sales, a leading indicator for the existing home market, rose nearly 7.5% in September – much more than expected.
The MLS is in the news a lot. But what is it?
This week, Wayfair reported a $42 million loss and its CEO compared the drop in demand to the one seen in the last financial crisis.
Some sellers who have delayed putting their homes on the market are now doing so, but inventory is still lower than normal.
But not because it’s easier to buy.
When you take mortgage rates, housing prices and incomes into account, homes are 44% less affordable than they were two years ago.
Millennials have faced challenges to homeownership for years. Now, a slim majority of millennials own a home.