Tag Archives: bidding wars

It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did in February.  According to Redfin, an online real estate brokerage, 65 percent ...

Experts say bidding wars are likely to remain commonplace, as cash offers are becoming an effective strategy to buy a home with multiple offers.

Salt Lake City and Tucson were among the list of populous cities that have the highest levels of housing market competition.

Redfin agents report buyers are more cautious about overpaying, and feel less of a rush to commit to a house after the first tour.

As home values continue to trend upward, inventory is heading in the opposite direction, setting the stage for a more competitive market this winter.

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 decrease in bidding wars is meager, Redfin expected this trend to continue from September due ...

A new analysis from Redfin found that, for the fifth consecutive month, bidding wars declined, despite continued demand fueled by an ongoing shortage of homes for sale.

Younger buyers are comprising a smaller share of the market than in previous years, as first-time home shoppers are being ousted by demand from repeat baby boomer buyers.

Bidding battles are still frequent but slowing, and buyers have even started including appraisal contingencies and requesting repairs again.

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