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IT'$ GETTING HoT IN HERE
DX
24 members
Cities With The Most Bidding
Real Estate
Wars On Home Offers In
Everything you need to know about
February 2022, Ranked
the market, development and future of
Submitted by
Acliwait
day ag0 via
redfin com
real
estate
Redfin agents
that nearly two-thirds of their home offers involved
bidding
war
446
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The Lede
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In February 2022, the percentage of home offers on Redfin properties that faced
bidding wars was 68.6 precent, compared to 60.2 percent during the same time
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last year: In April 2020, only 32.7 percent of offers had bidding wars
Competition
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will likely plateau or even decline if rates keep increasing as expected. Monthly
29.7k reads
tilpa
mortgage payments for new buyers are already at a record high
As they continue
to creep up, some
buyers will move to the sidelines;
said Daryl Fairweather;
20%
Save
On This Queen-Sized
Redfin's chief economist:
Air Mattress
New
Grant Brunner
Key Details
How Should
Explain To My
87.5 percent of home offers in El Paso (TX) saw bidding wars
the highest
Children That I'm Shunning Our
percentage in the US. Buyers in Denver (83 percent), Minneapolis (81.1
Friends Because They Own
percent) , Raleigh (80 percent) and the Bay Area (79.9 percent) followed:
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Greensboro (25.9 percent), Bakersfield (39.4 percent), Cleveland (46.4
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