...Senior Economist Jeff Tucker. "Buyers will find some silver linings to this cloudy winter market, like fewer bidding wars and the typical home lingering longer on the market before the...

...The average home sold for 2.6% above list price in June, another record high. Homes selling above list price is typically due to bidding wars, which were commonplace this year:...

...the highest number of homes sold since the Great Recession. Sellers are also expected to hold all the cards next year as limited inventory will continue to create bidding wars,...

While bidding wars reached a pandemic peak in April, 60.3% of all offers written by Redfin in October experienced a bidding war, down from the 60.4% in September. While the...

...the highest in Zillow data, reaching back to 2000. "Home buyers shopping this fall shouldn't expect the same frenzied demand that triggered bidding wars on listings this spring and summer,"...

...of immediate sales, multiple offers and bidding wars on virtually every property," said Nick Bailey, President of RE/MAX. "That's OK. The October dip in sales, especially after such a busy...

...of today's prospective sellers anticipate that buyers will compete in bidding wars, offer above asking, forgo contingencies like inspections and appraisals and more. (See table 1 below.) Sellers with homes...

...Lucie, Fla. (24.9%); and New York-Jersey City-White Plains, N.Y.-N.J. (24.5%). “While buyer bidding wars lessened in the third quarter compared to early 2021, consumers still faced stiff competition for homes...

...while bidding wars may be reducing in frequency, sellers are still receiving above list price offers in many situations.” CoreLogic’s latest Home Price Index (HPI) and HPI Forecast for September...

..."For renters on tighter schedules, compromises will be key to staying on budget and not getting swept up in bidding wars. If location and size are your must-haves, consider deprioritizing...