Pricing missteps cost sellers at closing, data shows
Homes that linger on the market for 18 weeks close 1.3 percentage points below asking, compared to 1.8 points above for those sold near week four, according to a Realtor.com analysis of national listing performance.
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Average 30-year rate holds near 6.5% for sixth straight week
The average 30-year fixed mortgage rate rose to 6.49% from 6.47% this week, while 15-year rates climbed to 5.84%, Freddie Mac reported. Rates remain below year-ago levels as easing oil prices help cool bond market pressure.
Photo-ready homes sell faster, real estate pros say
Real estate professionals say unprepared homes captured in listing photos can drive buyers to competing properties. Clutter, lighting and staging remain within sellers' control before a shoot.