More Than One-Third of Home Sellers Are Giving Concessions to Buyers

By Published On: November 20th, 20235.3 min read

Sellers are handing out freebies to woo buyers, who have become increasingly likely to back out of deals as mortgage rates have climbed.

Home sellers gave concessions to buyers in 35% of U.S. home sales during the three months ending Oct. 31, little changed from 35.9% one year earlier but up from 27.6% two years earlier.

This is according to data submitted by Redfin buyers’ agents across the country, going