Bidding Wars

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 [...]

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 [...]

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 [...]

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 [...]

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 also think [...]

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 [...]

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 [...]

54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale. Salt Lake City was the most competitive market, with 75% of offers [...]

More buyers are making concessions to win bidding wars amid a deepening housing shortage, record-low interest rates. In June, 19.9% of successful offers submitted by Redfin agents in select major [...]

54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to [...]