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Housing Market

Bidding Wars

Homebuyer Competition Drops to Lowest Level in Over Two Years

The bidding-war rate dipped below 50% for the first time since the start of the pandemic in June as rising mortgage rates and inflation took a bite out of homebuyer budgets. Nationwide, 49.9% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in June. That’s the lowest share since May […]

More than 60% of Boise Home Sellers Dropped Their Asking Price in June Amid Cooling Market

Home sellers are contending with apprehensive buyers amid rising mortgage rates and the possibility of an oncoming recession. Price drops have become a common feature of the cooling housing market, particularly in places that were popular with homebuyers earlier in the pandemic.  Nearly two-thirds (61.5%) of homes for sale in Boise, ID had a price […]
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