The most competitive housing market in the country based on bidding wars is a state capital in the M
Автор: BizNews World
Загружено: 2021-12-25
Просмотров: 11
Описание: The housing market, nationwide, may be less competitive than it was just a few months ago. In some parts of the U.S., though, buyers aren’t out of the woods when it comes to encountering competing offers when they put a bid on a for-sale property. Nevertheless, the frequency of bidding wars remained high for late fall and early winter, said Daryl Fairweather, chief economist at Redfin. A separate competitiveness ranking from Redfin, which incorporates data on bidding wars and the amount of time properties spend on the market, showed that the three most competitive metro areas nationwide for housing were Aurora, Colo.; Fremont, Calif.; and Spokane, Wash. “ ‘This is emblematic of where we’re at in this phase of migration.’ ” “It’s hard to say how many people who have been paying attention to mortgage rates haven’t bought already because that narrative has been around all year long,” Fairweather said.
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