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IT'$ GETTING HOT IN HERE
Cities With The Most Bidding Wars On Home Offers In February
2022, Ranked
Submitted by
Aclwait
day ag0 via
redfin com
Redfin agents said that nearly two-thirds of their home offers involved
bidding war:
446
The Lede
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 last year: In April 2020, only 32.7 percent of offers had bidding
wars. "Competition
likely plateau or even decline if rates keep increasing as expected: Monthly 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
Fairweather; Redfin's chief economist:
Key Details
87.5 percent of home offers in
Paso
(TX) saw bidding wars
the highest percentage in the US. Buyers in
Denver (83 percent), Minneapolis (81.1 percent), Raleigh (80 percent) and the Bay Area (79.9 percent)
followed.
Greensboro (25.9 percent), Bakersfield (39.4 percent), Cleveland (46.4 percent), Jacksonville (46.7 percent)
and Allentown (52.2 percent) were among the least competitive markets
Homes priced between S1-1.5M had the highest chances f competition, where those under $200K had the
least:
Additional submission from Adwait:
A Michelin-Starred Chef's Guide To The Best-Ever Steak Dinner At Home
Submitted
aay ago via fQod
Chef John Shields says it's "rich; indulgent and deeply satisfying with every bite:
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