From REALTOR® Magazine <[email protected]>
Subject Buyers Must Budget Extra For Closings
Date April 25, 2022 7:10 PM
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Average closing costs for a single-family home rose 13.4% in 2021

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National Association of REALTORS®
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April 25, 2022


Buyers Need to Budget Extra For Closings  
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In addition, they face higher mortgage rates and home prices, with the 30-year fixed-rate mortgages averaging 5.11% last week.


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Multiple Offers Remain Prevalent This Spring  
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Buyers likely will have to lose some before they win. On average, half made two offers before being successful in their purchase.  


Regrets Buyers Have With New Construction 
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Eighty-eight percent of survey respondents say they wish they made different decisions during the construction process.  


Markets Where Buyers May See Lower Prices     
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“Many of the metro areas seeing median list price declines have seen an [influx] of smaller homes come to the market,” says a realtor.com® researcher. 


Home Buyers Are Still Hopeful   
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At least half believe the next three months will be a good time to purchase a home, a new survey shows. 


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