
Redfin Bidding-War Rate Surpasses 60% In February as Housing Shortage Fuels Fierce Competition
Battles between buyers are more intense than ever, with some houses receiving dozens of offers and selling at lightning speed for tens of thousands of
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.

Battles between buyers are more intense than ever, with some houses receiving dozens of offers and selling at lightning speed for tens of thousands of
A red-hot real estate market has forced house hunters to step up their game. Buyers are making bigger down payments, offering above asking prices, waiving
In dozens of American cities including Sacramento and Chicago, formerly redlined neighborhoods have a larger share of homes endangered by flooding than neighborhoods that weren’t
iBuying companies bought just 0.3% of U.S. homes that sold in the fourth quarter. While that’s up slightly from 0.2% in the third quarter, it
The housing market has gained $4 trillion in value in the past year as cash-rich Americans have transferred their wealth from major hubs like San
Record-low mortgage rates and remote work during the pandemic are driving scores of Americans to buy bigger homes in more affordable places, but those same

Battles between buyers are more intense than ever, with some houses receiving dozens of offers and selling at lightning speed for tens of thousands of
A red-hot real estate market has forced house hunters to step up their game. Buyers are making bigger down payments, offering above asking prices, waiving
In dozens of American cities including Sacramento and Chicago, formerly redlined neighborhoods have a larger share of homes endangered by flooding than neighborhoods that weren’t
iBuying companies bought just 0.3% of U.S. homes that sold in the fourth quarter. While that’s up slightly from 0.2% in the third quarter, it
The housing market has gained $4 trillion in value in the past year as cash-rich Americans have transferred their wealth from major hubs like San
Record-low mortgage rates and remote work during the pandemic are driving scores of Americans to buy bigger homes in more affordable places, but those same