Tag Archives: Buyer Competition

Although mortgage rates remain above 7%, the first week of October has historically been the best time to buy a home due to a drop in demand and reduced home prices.

"We've seen historic competition in housing over the last two years. As the market begins to rebalance, homebuyers and sellers remain focused on the goal of homeownership despite the ongoing fluctuations," said Nick Bailey, President and CEO of RE/MAX, LLC.

Remote work, low mortgage rates, and ongoing housing shortages are fueling bidding wars as buyers write up multiple offers while house hunting.

While prospective buyers are looking to return to the market, is there enough available inventory to go around?

The Spring homebuying season has brought renewed competition in the housing market. How many cities reported an uptick in offers?

A new report says fewer markets are seeing competition and just one metro can be classified as competitive.

Despite rising home prices, California’s Bay Area was home to some of the most competitive neighborhoods in the country.

Offers facing competition are nearing 10-year lows with several major markets reporting that less than 10% of homes face a bidding war.

Offers facing a bidding war went against recent trends, but one California market reported a nearly 65% decline.

In March, 63.4 percent of offers written by Redfin agents across 19 markets faced competition from other buyers, the national brokerage reported. While that percentage is up a few points from February—owing in some part to more favorable weather—it’s a full 10 percentage points down compared to March 2013.