...as fierce bidding wars are waged nationwide. Agents throughout the past six months submitted nearly four offers per client on average before one was accepted, with 13% saying it took...
Read More »Search Results for: bidding wars
The Sky’s the Limit With SFR
...caught up in the same bidding wars challenging other homebuyers. It’s more important than ever for investors to conduct their due diligence and remain “savvy,” Tesch suggests, “not getting caught...
Read More »Are Americans Being Priced Out of Their Hometowns?
...metro, out-of-towners are making it difficult for local residents to win bidding wars," says a new report from the technology-powered real estate brokerage. For example, "the average out-of-towner moving to...
Read More »Seller’s Market Continues to Flourish
...easing,” said Jeremy Sicklick, Co-Founder and CEO of HouseCanary. “Bidding wars have broken out across the country, and homes on the upper end of the price spectrum are selling at...
Read More »Optimism Fuels Housing Market Sentiment
...prices will go down decreased from 18% to 14%. The share who think home prices will stay the same remained unchanged at 29%. Tight inventory and heated bidding wars are...
Read More »Rates and Prices Pushing Affordability Out of Reach
...bidding wars in the short term because house hunters are rushing to buy homes before rates rise even further,” said Redfin Chief Economist Daryl Fairweather in a recent report. "If...
Read More »Record-Fast Home Sales Reflect Various Market Trends
...rates tick up. “Some homebuyers have reached their limit on bidding wars and soaring prices,” said Redfin Chief Economist Daryl Fairweather. “Add to the mix a dwindling number of homes...
Read More »House Hunters Face Fierce Bidding Wars
...the want for homes continues to increase, according to the latest data from Redfin. "The uptick in mortgage rates is likely fueling more bidding wars in the short term because...
Read More »Housing Market Forecast Remains Bright, Despite Rise in Rates
...appreciation would likely soften as fewer bidding wars occurred, but the effect on transactions would be limited. Additionally, homebuilders are currently struggling to keep up with demand, suggesting they would...
Read More »Gap Widens Between Demand and Inventory
...need to act fast or simply be shut out. And for those who do act fast, they must be prepared to engage in bidding wars as this short supply of...
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