...are driving scores of Americans to buy bigger homes in more affordable places, but those same factors are fueling fierce bidding wars, skyrocketing prices and an intensifying housing shortage. According...

...supply shortage only seems to be getting worse,” said Redfin Chief Economist Daryl Fairweather. “With so few new listings hitting the market, I expect bidding wars to become more common...

...working and learning from home crave more space—namely, home offices and study nooks. As bidding wars continue to push home prices up, renting can be a great alternative to buying...

...the country? Supply and demand. There simply aren’t enough homes available for eager buyers, and bidding wars ensued. Those with deeper pockets won, and that drove up the cost of...

...be fewer bidding wars as buyers have more homes to choose from, they say, citing CoreLogic's Chief Economist Frank Nothaft. “The very rapid home price growth that we have seen...

...evolved into bidding wars between would-be buyers. Redfin attributed this trend to historically low mortgage interest rates coupled with a supply-and-demand imbalance and an increase in homeownership interest fueled by...

...been nothing short of abnormal. It may be late August, but we're in the thick of the homebuying season, with busy open houses, multiple offers and even bidding wars becoming...

...Redfin report that more than half of its offers faced competition in June. Specifically, 54% of homes offer placed by the real estate agency’s representatives faced bidding wars. This marks...

...they believe they're less likely to get involved in bidding wars." He said, though, this pandemic could impact housing "for years," as lingering effects of the Great Recession persist. "We're...

...stated that home buying demand will be somewhat or significantly lower in 2020 compared with 2019, and Zillow notes that Homes will likely stay on the market longer and bidding...