...more hesitant when they were approaching the 8% mark. “Bidding wars are picking up as mortgage rates decline and inventory stays low. I’ve seen a few homes get 15-plus offers...
Read More »Search Results for: bidding wars
Frozen Out: House-Hunters Stay Home in Face of Harsh Weather
...they’ll accept it because they’ll feel vindicated if rates rise back to 8%, and they can always refinance and avoid future bidding wars if rates drop further. And sellers are...
Read More »Pending Home Sales Make Biggest Jump in Two Years
...since November), New listings totaled 407,255, homes sold totaled 407,255, and months of supply were 2.6 and the typical home stayed on the market for 43 days. “Bidding wars are...
Read More »Gen Z Buyers Stand a Better Chance in the South, Midwest
...Above Listing Price—to assess bidding wars and competitiveness in a market. Days on Market: to determine how quickly homes fly off the market and measure competitiveness. Homeownership Rate: to assess...
Read More »Declining Mortgage Rates, Monthly Payments Motivating Homebuyers
...YoY change. "With activity picking up, I think prices will rise and bidding wars will become more common," said Mahmood-Corley. To read the full report, including more data, charts, and...
Read More »Housing Inventory Plummets in Most Affluent U.S. ZIP Codes
...coveted Orange County—declined by about 60%. Bidding wars are here to stay in most of the priciest enclaves. In 23 of the country’s most expensive ZIP codes, more than half...
Read More »Low Inventory Fuels Growing Housing Competition
...bidding wars and more sellers cutting list prices. In October, 25.2% of sellers cut their list price, up from 23.9% in September. The share of sales that closed higher than...
Read More »Housing Inventory Gets Largest Month-Over-Month Boost in More Than a Year
...those buyers are looking at the long-term picture,” noted Carroll. “Inventory levels are also still low, which is keeping the prices higher and making bidding wars commonplace here. So, it...
Read More »San Francisco Homes Being Sold for Nearly $100k Below Purchase Price
...seller bought it for. Today’s home sellers are making money despite an ongoing housing downturn, in part because a scarcity of homes for sale is fueling bidding wars and propping...
Read More »Spike in Home Prices Forced by Slow Demand and Low Inventory
...move-in ready, relatively affordable homes on the market are selling fast, sometimes with multiple offers. But today’s bidding wars usually involve two or three offers, as opposed to the five...
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