Home Bidding Wars Have Returned!


A new report from CNNMoney shows that at least 65% of listings in areas like D.C. are generating bidding wars this year. Their survey found that 75% of realtors at brokerage Redfin are reporting client offers being outbid by competing offers. In 2011, only 56% reported the same market effects. This is good news for sellers and it should serve as motivation for buyers looking to get into a new home.

Read the full story at CNNMoney here.