20% of Buyers Waiting for Prices or Rates to Drop
NAR: Buyer demand is stronger than it appears as 15%-27% of buyers (by ethnic group) wait for lower home prices and 18%-25% wait for lower mortgage rates.
‘Go Green’ Costs Hurting Some Commercial Owners
Some cities expect commercial buildings to reduce emissions or pay a tax, but both options create extra stress on pandemic-harmed structures, such as office buildings.
Buyers Still Waive Appraisal Gap in Some Markets
To secure a home, some U.S. buyers still agree to make up the difference when a mortgage appraisal comes in at less than the contract price – an often risky move.
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