No surprise as study finds cheaper homes face toughest competition

As home-buying demand cools from the record pace of 2021, competition is now hottest for the lowest-priced homes as mounting affordability obstacles stretch buyers’ budgets, the latest Zillow analysis has found. Throughout most of the pandemic, buyers shopping in the middle and top price tiers faced the strongest competition — inventory was relatively lower, and

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Buyers face less bidding wars as competition eases

There are signs that competition among buyers in the red hot housing industry is easing, though the market still remains much more competitive than in recent years. A recent report from digital real estate brokerage Redfin has shed light on the reduced demand for mortgage application purchases in May. In other words, there were slightly

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More homes sell above list price amid buyer competition

In more evidence that persistent buyer demand is pushing a strong housing market deeper into the year than usual, a new Zillow analysis has found the share of homes sold above list continues to rise, blowing past the typical mid-summer peak. In September, 22.4% of homes purchased in the U.S. were sold for more than

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Bidding Wars Are Back: Buyers Face Stiff Competition

Bidding wars are back on the rise in several housing markets, according to a recent analysis of 19 markets by the real estate brokerage Redfin

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