Tag Archives: bidding wars

The share of homes purchased in all-cash transactions hit 30% for the first time since 2014 as found in a new Redfin report.

Bidding wars are beginning to simmer down, as more potential homebuyers are growing tired of being priced out of a still-competitive market.

For the first time in 2021, the demand for homes has fallen below last year’s levels, with high prices turning many would-be buyers away from a still-completive marketplace.

In a month where the median sales price reached record highs, sellers continue to profit as buyers dig into the short housing inventory.

Despite the housing market experiencing a minor slowdown, Redfin agents are reporting competition remaining moderately fierce for the short supply available.

A new report finds the imbalance between low volume and high demand is lining the pockets of home sellers nationwide, a trend predicted to continue for the foreseeable future.

While the COVID-19 pandemic gripped the nation and brought everyday life to a near halt, the housing market remained as robust as ever this past year, with home prices rising 14.3%, new listings coming in at 27% lower, with 50% ...

With the nation nearing a full year under COVID-19, the housing market seems to be one of the few shining sports amid this dark time in U.S. history.