Earlier today from Nick Timiraos at the WSJ: Stunned Home Buyers Find the Bidding Wars Are BackA new development is catching home buyers off guard as the spring sales season gets under way: Bidding wars are back.
From California to Florida, many buyers are increasingly competing for the same house. Unlike the bidding wars that typified the go-go years and largely reflected surging sales, today's are a result of supply shortages.
Are buyers being manipulated into overbidding for the relatively few attractive homes on the market? Earlier this year, the National Association of Realtors (NAR) announced that the number of homes for sale in the U.S. had reached a... Read Post
Southern California’s housing recovery barreled forward last month, pushing prices and sales to levels not seen in years as buyers faced stiff competition during the spring home buying season. Read Post