Bidding Wars Reach Their Lowest Level This Year
Redfin analysis: In Aug., about 59% of offers on homes written by Redfin agents faced competition, a record low for this year and the lowest level since 2020.
Mortgage Rates Dip Lower This Week; 30-year Loan at 2.86%
Freddie Mac: It’s down from 2.88% last week and close to the 2.87% the 30-year FRM was at this time last year. The 15-year FRM now stands at 2.11%.
Buying B&Bs to Convert into Single-Family Homes
COVID-19’s impact on bed-and breakfasts has prompted some to close, with revenues in 2020 down 43.7% from 2019. But some are being purchased to use as personal homes.