Homebuyer Bidding-War Rate Drops to Lowest Level Since January
60% of offers written by Redfin agents faced competition in July, down from 67% in June. Competition is still more intense than it was a
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.
60% of offers written by Redfin agents faced competition in July, down from 67% in June. Competition is still more intense than it was a
Luxury-home prices soared 26% year over year in the second quarter, while prices of the most affordable homes grew 19%. Both segments outpaced the rest
Investors took the housing market by storm in the second quarter—buying up $49 billion worth of homes—as surging property prices and rental demand created opportunities
Cash is on the rise as affluent Americans benefit from a surging stock market and the flexibility to relocate to more affordable parts of the
The bidding-war rate remains higher than it was a year ago, but has dropped to 65% from its peak earlier this year. That’s partly because
39% of homes are in danger of burning in Utah—the country’s fastest growing state—compared with less than 10% in California, Washington and Oregon. In dollar
60% of offers written by Redfin agents faced competition in July, down from 67% in June. Competition is still more intense than it was a
Luxury-home prices soared 26% year over year in the second quarter, while prices of the most affordable homes grew 19%. Both segments outpaced the rest
Investors took the housing market by storm in the second quarter—buying up $49 billion worth of homes—as surging property prices and rental demand created opportunities
Cash is on the rise as affluent Americans benefit from a surging stock market and the flexibility to relocate to more affordable parts of the
The bidding-war rate remains higher than it was a year ago, but has dropped to 65% from its peak earlier this year. That’s partly because
39% of homes are in danger of burning in Utah—the country’s fastest growing state—compared with less than 10% in California, Washington and Oregon. In dollar