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Nearly half of home sellers are offering concessions

Housing Wire

home sellers offered concessions to buyers in near-record numbers during the first quarter of 2025 as rising housing costs , high mortgage rates and growing economic uncertainty continued to reshape the real estate landscape. a year ago and close to the record figure of 45.1% According to a new report from Redfin , 44.4%

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The 11 do’s and don’ts of buying a new build

Housing Wire

Navigating the home buying process often begins with deciding between a new build or an existing homeand while new construction offers exciting possibilities, it also comes with unique challenges. Many builders offer incentives or are open to negotiating closing costs, lot premiums and other expenses.

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New home sales disappoint in October, prices fall

Housing Wire

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

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Fed’s Beige Book predicts further uncertainty for the housing market  

Housing Wire

Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67 trillion from $2.34

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Reverse mortgage professionals react to H4P rule changes

Housing Wire

In the newly proposed rules handed down in October, the H4P program would, in certain circumstances, allow for inclusion of an interested party contribution of up to 6% of a home’s sale price. Broker perceptions Scott Harmes, the national manager of the reverse division at brokerage C2 Financial , believes that HUD’s changes are constructive.

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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

*Rebates are not available in all markets or where prohibited by law and are subject to lender approval; may not be available for all transaction types, including but not limited to Short Sales, For Sale by Owner (FSBO), New Construction and iBuyer sales. Total credits to borrower cannot exceed actual closing costs.

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The nation’s housing market is on a correction course

Housing Wire

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

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