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IT'$ GETTING HoT IN HERE
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Cities With The Most Bidding Wars
Internet that fires
on all cylinders.
Real Estate
On Home Offers In February 2022,
Everything you need to know about
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:
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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: As they 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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87.5 percent of home offers in El Paso (TX) saw bidding wars
the highest percentage in the
New
Grant Brunner
US. Buyers in Denver (83 percent) Minneapolis (81.1 percent), Raleigh (80 percent) and the
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Bay Area (79.9 percent) followed:
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said
Day