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The holidays are usually a slow season for homebuying. But this year, more people are trying to take advantage of the opportunity to get a good deal.
Almost a third of all homes sold in the first six months of this year went to buyers who made all-cash offers.
August saw a 1.4% drop in active listings, while new listings dropped 1.1%, according to new data from Redfin.
New research suggests people are getting used to high prices and mortgage rates.
Economic uncertainty and high interest rates are holding back buyers, though high-end cash purchasers aren't waiting.
The average age of a homebuyer is also going up.
With inventory reduced and fire risk increased, both home prices and insurance rates could rise in Southern California.
Some builders are starting to see more interest from buyers, including those who spent 2023 on the sidelines, waiting for better rates.
New home sales fell 5.6% in October, but they’re still up 18% over last year. And they make up a record share of total inventory.
Despite the world going digital, homebuying is still a highly analog process. James Rodriquez of Insider discusses the quest for a superapp.