...rise, higher rates are not always bad news. Raising rates should demand less demand from homebuyers—and according to LendingTree—may possibly reduce bidding wars and free up inventory. Data for this...
Read More »Search Results for: bidding wars
More Than Half of U.S. Homes Sold Above List Price
...in bidding wars or the share of homes selling quickly. It's still early days though when it comes to 5% mortgage rates. The number of buyers willing to pay such...
Read More »Rising Prices, Rates, Finally Affecting the Market?
...bidding-war rate was 69.3%, down from 71.9% in February. Most homebuyers are still encountering bidding wars, but competition is beginning to cool because surging mortgage rates and home prices are...
Read More »Auction Homes Provide Gateway to Homeownership
...alternative paths to homeownership. The report examines generational trends among recent homebuyers, their sentiments toward alternative paths to homeownership, and the role technology plays throughout the process. “As bidding wars,...
Read More »Bidding War Competition Heightens
...the inspection contingency won’t increase potential homebuyers’ chances of winning a bidding war. Effective bidding-war strategies are essential for homebuyers in today’s unprecedented market, with a limited number of homes...
Read More »Share of Homes Selling Above List Price Doubles
...in the wake of the 2008 financial crisis. With few homes available to purchase, house hunters have waged fierce bidding wars, causing prices to rise. The median home sale price...
Read More »Pending Sales Experience First Decline Since June 2020
...of bidding wars and buyers making offers that waive inspection and financing contingencies.” New listings also fell 12%, seeing their largest drop since June 2020, dropping the total number of...
Read More »Inventory Shortages Continue Fueling Intense Housing Market Competition
According to a new report from Redfin, some 59.6% of home offers written by Redfin agents faced bidding wars nationwide in December 2021. Data found it to be the lowest...
Read More »Study Reveals Americans’ Homebuying Deal-Breakers
...their realtor (67%), the owner of the home (57%), their partner (51%) and the limited inventory (28%). The prevalence of bidding wars has not helped buyer sentiments either. Before the...
Read More »Bidding Wars Ease Up in November
...out the top five, with bidding-war rates of 71.1% and 70.6%, respectively. "Bidding wars are still happening, but buyers are starting to get more breathing room," said Redfin agent Jill...
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