Another Sign the Housing Market now Favors Homebuyers

August 1, 2019

As the housing market continues to slow, it’s becoming more evident that the nation’s homebuyers are benefiting from the cool down. In fact, according to a recent report from Redfin, the share of winning offers written by Redfin agents that included a sale contingency climbed to 7.1% in February. February not only marks a five-month high, but the percentage is also more than two points higher than the same period in 2018. This suggests home shoppers now have more buying power than they did in 2018. Redfin agent Rheetu Pal Mahajan said this is because fewer buyers today are getting qualified to hold two mortgages simultaneously. Learn more…

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