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Cities With The Most Bidding Wars
Real Estate
On Home Offers In February 2022,
Everything you need to know about
Ranked
the market, development and future of
Submitted by
Acwalt
1day ag0 via
redfin com
real estate
Redfin agents said that nearly two-thirds of their home offers involved a bidding war:
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The Lede
In February 2022,the percentage of home offers on Redfin properties that faced bidding wars
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was 68.6 precent; compared to 60.2 percent during the same time last year: In April 2020, only
32.7 percent of offers had bidding wars
Competition will likely plateau or even decline if rates
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keep increasing as expected. Monthly mortgage payments for new buyers are already at a
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record
high_
continue to creep up_
some buyers will move to the sidelines
said Daryl
29,.7k reads
tilpa
Fairweather; Redfin's chief economist:
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