WCTB Real Estate

54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids.

More than half of Redfin offers for homes faced competition in June for the second month in a row. Nationwide, 53.7% of Redfin offers faced bidding wars last month, up from a revised rate of 51.8% in May and 44.4% in April*.

An offer is considered part of a bidding war if a Redfin agent reported that it received at least one competing bid.

The

Determined vendors who quickly converted scheduled auctions to online platforms were rewarded with strong sales yesterday.

Former Country Fire Authority firefighter, author and mental health advocate John Payne and his wife Kerryn were among those who saw big returns for pushing ahead.

The couple successfully sold 1 Crawley Court in Craigieburn for $537,000, which was $37,000 above their reserve.

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Craigieburn vendors John and Kerryn Payne after

If you grew up within the city or town limits, you probably lived in a home serviced by the municipal sewage department and may be hesitant about buying a house with a septic tank. Did you know that one in five homes in the United States rely on a septic tank? So, whether you’re looking to buy a home in Philadelphia, PA or you’re moving to Atlanta, GA, this is something you’ll likely come across while house hunting. Understanding what a septic tank is, how it works, and its pros and cons can help take the mystery out

A CREATIVE extension to this 1980s home has ushered it into the world of stylish and roomy modern living.

The present owners have extended the original home to create a bespoke living space that includes huge open plan dining and living zones.

This new part of the home is accessed via a study and up a small, curved staircase.

From here the space opens up before you with its cathedral ceilings and exposed red beams.

The extension is fully insulated with double glazed picture windows to draw sunlight in and capture the

Key Takeaways

• Pending sales were down 8% from a year earlier during the week ending June 28, although the decline was only 3% after adjusting for seasonal effects.
• New listings are now down 8% from a year ago, a slight improvement from a week earlier.
• Weekly average mortgage rates hit a new low at 3.07%, but mortgage purchase applications declined 2% from a week earlier.
• New cases of COVID-19 are up 411% month-over-month in the Phoenix area and 452% in Las Vegas, while year-over-year pending sales are down 15% and 17% respectively (two weeks earlier pending sales were up 27%