Homeowners Stay Put as Rates Keep Remodeling Demand Alive
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Homeowners Stay Put as Rates Keep Remodeling Demand Alive
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Ed Parcaut and Mike Kelly cover as-is pricing, seller repairs, rate-lock extension costs, national inventory, price reductions, California and Stanislaus County housing supply, builder incentives, USDA loans, CalHFA costs, and buyer payment strategy.
National inventory rose to 871,063, median list price moved to $445,000, days on market stayed at 63, and price reductions reached 41.68%.
Ed and Mike also explain why seller delays can cost buyers money through lock extensions, why USDA may be worth checking before CalHFA in some rural areas, and why buyers should ask their lender to rerun payments before writing an offer.
A full Real Estate Jerky market update with something to chew on.
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