Category: Bidding Wars
18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. It started with a continuation of negative trends from the end of 2022 and turned into the... Read More
17 housing trends that defined the year, including record home prices and sky-high mortgage rates The 2022 housing market was nothing short of remarkable. The pandemic and resulting remote work continued to define how, when, and where people bought homes. The median U.S. Read More
Odds are, if you are a first-time homebuyer, you’ve probably heard the term “open house.” Especially since Covid-19 restrictions are relaxing throughout the country, more and more sellers are opting to host open houses again. But what is an open house? What are... Read More
The housing market is hot! Prices are skyrocketing, and homes are getting snatched up as soon as they become available, setting the stage for intense competition. If you’re selling a home, you’re in a prime position to attract multiple offers and possibly incite a bidding war if you... Read More
It’s no secret that the US housing market is fiercely competitive right now, with homes selling faster and for more money than pre-pandemic levels. With the continued shortage of supply and increasing demand for homes, buyers – and their real estate agents –... Read More
The housing market is hot! With the supply of homes hitting record lows nationwide, prices are skyrocketing, and homes are getting snatched up as soon as they become available. If you’re selling a home, you currently are in... Read More
You may shortly find yourself in a real estate bidding war if you’re one of the many first-time homebuyers looking to buy in competitive markets like Austin, TX or Denver, CO. You may... Read More
Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is still fierce in coastal California, and the market is also hot in more affordable places like Sacramento and Phoenix. Nationwide, 54.5% of Redfin offers on homes faced competition in August. Though that’s down from a revised... Read More
You’ve been house hunting for weeks, possibly months, and now you’ve finally found a beautiful home that would be just perfect for your family. Already familiar with how to make an offer on a house, you submit what you believe is a competitive... Read More