While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends […]
Buyers: You May Face Less Competition as Bidding Wars Ease
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried […]
Is the Shifting Market a Challenge or an Opportunity for Homebuyers?
If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. But what was once your greatest challenge may now be your […]
Imlay City MI | Buying A Home This Summer? | Donald Horne, Realtor
11 homes have sold in Imlay City in the last 30 days, at an average price increase of 11.0% over last year. These homes were sold within 30 days on market, also, 13 new listings went up for sale at an average price of $184,000 in the same time frame … Summer is traditionally a […]
Bidding Wars To Heat Up This Spring
Bidding Wars To Heat Up This Spring Likely to be a hallmark of this year’s spring home selling season: Bidding wars. As home listings are scarcer and buyer demand remains high, home shoppers are finding a lot more competition this spring, particularly in hot markets. “Home buyers are going to find this spring that, in […]
Get Ready, Big Bidding Wars This Spring
Get ready, big bidding wars this spring…This article dated 04/05/13 in the latest RealtorMag, discusses low inventories of homes to sell, bidding up home prices and multiple bid situations… With tighter inventories of homes for sale, buyers are finding increased competition through bidding wars. But the bidding may not be between only one or two […]