April 21, 2025 - 17:00
SEATTLE, April 21, 2025 — In a notable trend within the real estate market, 44.4% of home sellers in the United States offered concessions to buyers during the first quarter of this year. This figure marks an increase from 39.3% in the same period last year, indicating a growing willingness among sellers to negotiate and provide incentives.
The current percentage of concessions is approaching the record high of 45.1% observed at the beginning of 2023. Such concessions may include covering closing costs, offering home warranties, or even reducing the sale price to facilitate a smoother transaction.
This shift reflects the evolving dynamics of the housing market, where buyers are increasingly seeking favorable terms amid fluctuating interest rates and economic uncertainties. As competition remains fierce among buyers, sellers appear to be adapting their strategies to attract potential purchasers, suggesting a more buyer-friendly market environment.
June 23, 2025 - 23:14
Katherine Cruz Elevated to Engineering Manager at Hancock AssociatesDanvers, MA—Hancock Associates has announced the promotion of Katherine Cruz, P.E., LEED AP, to the position of Engineering Manager. Known affectionately as `Katie` among her colleagues, Cruz has...
June 23, 2025 - 11:48
Will the US-Iran War Trigger an Economic Crisis in America?As tensions escalate between the United States and Iran, concerns are mounting about the potential repercussions on the American economy. Analysts warn that a prolonged conflict could lead to...
June 22, 2025 - 21:27
This Week's Most Sought-After Brooklyn Properties: A Focus on Ditmas ParkIn the latest round-up of popular Brooklyn listings, attention has shifted to an array of charming properties, including a notable Colonial Revival home in Ditmas Park. These listings showcase the...
June 22, 2025 - 03:50
The Celebrity Influence: Montecito's Real Estate BoomIn recent months, the serene community of Montecito has experienced a dramatic surge in real estate activity, fueled by a blend of celebrity allure and rising buyer anxiety. Nestled in the...