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Home seller concessions reach pre-pandemic levels

Housing Wire

In Q4 of 2022, 22% of Redfin’s home sales included a concession and lower listing price, while 19% included both a concession and a listing-price cut while the home was on the market. Sellers realize they’re not going to get $80,000 over the asking price like their neighbor did last year,” he added.

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). What is reverse purchase financing?

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Rocket launches program to lower first-year mortgage payments

Housing Wire

For Rocket Pro TPO, home sellers or real estate agents will be funding the program, similar to a buydown program rival United Wholesale Mortgage launched last month. UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage.

Mortgages 400
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If You’re Selling Your Home Soon, Don’t Let the Word ‘Concession’ Scare You

Lighter Side of Real Estate

But the reality is, in many areas and price ranges, the market is adjustingand its important to understand what those changes mean, and what they dont. What Is a Seller Concession? during the first quarter of 2025 included some form of seller concession. But what exactly is a seller concession?

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Agent strategies for getting first-time homebuyers across the finish line

Housing Wire

However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

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How Much Are Closing Costs in California?

HomeLight

Your California dream home has just come on the market, and you’re eager to make an offer. But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs?

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How Long Should You Live in a House Before Selling? Here’s What to Consider

Redfin

Deciding when to sell your home is a major decision that can be influenced by many factorsfinancial, personal, and market-driven. Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions.