Purchase Applications Reach Recent High
The fall home-selling season is set to begin next week, and two leading indicators suggest that buyer demand is on the upswing despite wobbly consumer confidence figures. Nationwide, mortgage application volume increased 22.1 percent on a year-to-year basis, according...Gen Z Struggling to Afford Housing Payments
Seven in 10 Gen Z and Millennial renters struggle to afford their regular housing payments, as do 41 percent of homeowners in that age group, according to a new report from Redfin. Forty percent of Gen Z and Millennial renters are eating out at restaurants less...Buyer Agent Commissions Rising One Year After NAR Settlement
A year after the National Association of Realtors settlement, the effects on buyer agent commissions appear minimal. According to a new analysis by economists at the brokerage Redfin, the average U.S. buyer’s agent commission was 2.43 percent for homes sold in the...Median Boston-Area Starter Home Hits $512K
Starter homes in Massachusetts sold at a higher rate than the national average in June, according to a new report from Redfin. In Greater Boston, the number of starter homes sold in June increased by 4.6 percent, while sales of starter homes across the United States...This Week’s Paper: Digital Edition
