Mortgage

Ginnie Mae Capital Plan is pushed again, Freddie Mac, ICE, New Residential submit income and extra of this week's high information

Add hometown discounts to the growing number of challenges home buyers face.

Consumers moving from one place to another will pay an average of $ 17,123 more than local homebuyers between July 1, 2020 and June 30, 2021, according to a study by Redfin.

The largest discrepancy in dollar terms was in Sacramento, California, with outsiders paying $ 67,500 more, $ 50,450 more in Dallas, and an additional $ 47,500 in Miami. Outsiders paid $ 16,500 less in Las Vegas, $ 13,000 less in Tampa, Florida, and $ 9,000 less in Cape Coral, Florida.

Broken down by the percentage paid for asking about Austin, Texas led the group, with migrant workers paying 7.8% more than the list price – $ 470,000 versus $ 439,900 – and locals just 3.7% more than the sticker price paid – $ 447,500 and $ 425,000. Next came the Sacramento migrants at 3% – they paid an average of $ 627,500 for a $ 615,950 listing – and then 2.5% for the Dallas migrants – and paid $ 438,450 for a home for $ 425,000.

Read the whole story here.

Related Articles