What’s up with the real estate market?

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What’s up with the real estate market?

We are surely entering a period of softening demand for more modestly priced homes – but the relative supply of those homes remains quite low. There is still upward pressure on home prices, but that pressure won’t be as significant as it has been over the last couple of years.

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As houses for sale fall to a record low, bidding wars are skyrocketing

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As houses for sale fall to a record low, bidding wars are skyrocketing

Homes are selling fast lately. More than half of all home sales are going under contract in less than two weeks. More than half of all home-buyers (56%) are facing bidding wars in their offers, and that number keeps rising. It is the main reason keeping home searchers from buying a home — they keep getting outbid.

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