Meet the typical American home seller: Older, white and Southern
18.1% year-over-year in August, according to a new CoreLogic report. That's the fastest rate of price growth in at least 45 years.for the number of people who want to buy them — and that'll keep home prices high and continue to give sellers the upper hand.
"A lot of buyers have had enough and are no longer willing to pay the huge premiums they were six months ago," Nicole Dege, a Redfin agent in Orlando, Florida,But that's still a decent number of hopefuls battling over homes.that found nearly one quarter of home sellers received four or more offers on their home in 2021 — and three quarters of home sellers received at least one offer that was all cash or did not include a financing contingency.
The report's authors, demographers Edward Berchick and Manny Garcia, surveyed 2,000 home sellers between March and September and found that the archetypal seller hasn't changed in a long time:"Most of these characteristics have not changed substantially, if at all, over the last few years." The typical American home seller skews older
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