Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
Spencer Lee is a technology reporter at National Mortgage News based in New York. His coverage focuses on artificial intelligence, fintech platforms, and policy developments, with a particular emphasis on the intersection of finance and real estate. Spencer's work has been featured in notable publications such as Globalcompliancenews and American Banker, and he co-created the podcast 'Getting People into Affordable Homes and Loans.'