Video Transcript
The number of homes going into contract rose in October. According to the National Association of REALTORS® and its Pending Home Sales Index report. There was a near 2 percent increase from the month prior with REALTORS® saying that 19% of listings sold for over list price. The typical home received 2.1 offers and majority of homes - 84 percent - were for sales of a primary home. But most interesting, to me anyway, is that 1-in-5 buyers waived the right to home inspection and the same amount waived the appraisal contingency clause. Numbers like that suggest that, despite headlines that talk about a coming housing downturn, on the street, it's very much the opposite. Buyers are behaving like it is still a seller's market. I'm Dan with Homebuyer.com. Happy homebuying.
U.S. Home Buyers Buck The Housing Headlines
In October, the number of homes going into contract increased by nearly 2% from the previous month, according to the National Association of REALTORS® Pending Home Sales Index. Notably, 19% of listings sold for over the asking price, and one in five buyers waived home inspections and appraisal contingencies.
Video Transcript
The number of homes going into contract rose in October. According to the National Association of REALTORS® and its Pending Home Sales Index report. There was a near 2 percent increase from the month prior with REALTORS® saying that 19% of listings sold for over list price. The typical home received 2.1 offers and majority of homes - 84 percent - were for sales of a primary home. But most interesting, to me anyway, is that 1-in-5 buyers waived the right to home inspection and the same amount waived the appraisal contingency clause. Numbers like that suggest that, despite headlines that talk about a coming housing downturn, on the street, it's very much the opposite. Buyers are behaving like it is still a seller's market. I'm Dan with Homebuyer.com. Happy homebuying.
