{Pl Hcch licnang Fide; GinFiq] Spris Tcn Radls 8n Culcn; Scnce VekonsRp * JT'8 Oettino Kot In herE 24 members SSES HnoTF3Nle Irelfwnusnk e Cities Withh Irlke Mlost [Bidelng Wers a ITEES Roelllae On HHlome Ofifers Ilmn Felbruary 2022, RefieNSEIe" =Tdory Everything you need t0 know about Rankked the market; development and future of (lzle InelfINi NNijle ~ TTEES Submitted by Adwalt day ago via redfincam Teal estate Redfin agents that nearly two-thirds of their home offers involved bidding war: 337-HH:WSHN: Wl"Jelkerrs? 446 Vol % SfiuF : piv Join Real Estate "Ihelede In February 2022, the percentage of home offers on Redfin properties that faced bidding wars was Trending ondigG 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 keep Ksad Ilas: Lauset Wsealrc: n #le increasing as expected: Monthly mortgage payments for new buyers are already at a record high: As ISuss isikn | Uaalsihe" # * WlH sulic $ Kene continue to creep up, some buvers will move to the sidelines, Said Daryl Fairweather; Redfin'& 29.7k reads tilpa chief economist; [uystafis He #Len7e '#ass ' Waly Flage e,u" U [Fuka! qe: Fcwlka Wl: & - clt Waal Jackksi 87.5 percent of home offers in El Paso (TX) saw bidding wars the highest percentage in the US. Buyers In Denver (83 percent), Minneapolis (81.1 percert), Raleigh (80 percent) the Bay Area New Grant Brunner (79.9 percent) followed. KHeess slec Jllel | EExp led IoRy Greensboro (25.9 percent) , Bakersfield (39.4 percent), Cleveland (46.4 percent) , Jacksonville (46.7 Cklaakau TrU