Summer 2020’s unseasonably hot housing market
With the economy several months deep into the 2020 recession, this summer has seen surprisingly high competition from homebuyers.
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Tag: Bidding wars
Discouraged, fewer homebuyers enter bidding wars in 2019
The housing market is slowing down in the Golden State and the nation as a whole. In California,...
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Fewer bidding wars offer California homebuyers relief
Bidding wars are still more common here in California than elsewhere, but the rate is declining.
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California’s hottest housing markets are too hot for comfort
San Jose was the hottest housing market in California during 2017 and is poised for another big year in 2018.
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The top bidding war strategies to get an offer accepted
Consider these data-driven strategies to improve your client’s chances in a bidding war.
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The importance of the homebuyer’s offer cover letter
In a highly competitive buyer’s real estate market, buyers and buyer’s agents turn to the offer cover letter to personalize the homebuying process and distinguish their offer in the seller’s mind.
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Brokerage Reminder: Going once, going twice, but not gone
Real estate auctions have been around for decades. They rise and fall with market conditions,...
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Are we in for another housing bust?
It’s on everybody’s mind: is the California real estate market poised for another downturn?
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Your buyer: your bidding war
Together, speculators and agitated end users have driven the current rise in home prices. This crowding, paired with a near normal new monthly supply of available housing for sale, is forcing multiple bids to be submitted the instant a property hits the MLS, or when the for-sale sign goes up.
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