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
No surprise as study finds cheaper homes face toughest competition
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
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