Housing Shortage Brings Upsurge in Bidding Wars

Redfin, Seattle, said a majority of offers submitted by its agents faced competition in January, marking a return to widespread bidding wars that had largely dissipated over the past year.

Redfin Forecast: ‘The Mother of All Inventory Crunches’

Despite a strong start to the 2020 housing market, Redfin, Seattle, said a deepening shortage of homes for sale and surging homebuyer demand are set to push prices up at the fastest rate in years.

Bidding Wars Remain at 10-Year Low

Redfin, Seattle, reported just 9% of offers written by its agents on behalf of their home buying customers faced a bidding war nationwide in December, down from 12% a year earlier and setting another new 10-year low.