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What More Homes with Price Cuts Means for You

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If you've been wondering what's going on with the real estate market lately, you're not alone. After several years of intense competition and bidding wars, the tide is shifting and today's buyers are seeing more negotiating power than they've had in a while. According to data from the real estate analytics firm Cotality , around 56% of homes nationwide sold below their asking price as of late 2025 . This trend marks a notable change from the red-hot market we've become accustomed to. What's driving the shift? Several factors are at play: Inventory is rising. More homes are staying on the market longer, giving buyers more choices. At the same time, some sellers are choosing to pull their listings, up 48% compared to last year, often because their pricing expectations aren't being met. Buyers have more leverage. With less competition, buyers are successfully negotiating on price and requesting concessions like help with closing costs or ...

Answers to First-time Buyer Questions

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Buying your first home is an exciting milestone�but it can also come with a lot of questions. From financing and credit scores to mortgage options and closing steps, understanding the process can help you make informed decisions with confidence. That's why we've compiled straightforward answers to some of the most common questions first-time homebuyers ask. Whether you're just starting to explore the idea of homeownership or getting ready to make an offer, this guide will give you a solid foundation. How much money will I need to buy a house? You'll need enough to cover your down payment plus closing costs (typically 2...6% of the loan amount), as well as additional funds for moving and initial home expenses. How much house can I afford? Your affordability should consider what you can comfortably pay monthly, not just what your lender approves, using your debt-to-income ratio as a guide. Do I need a good credit score? Yes and higher scores help y...