7 Key Things to Know About the Current Housing Market
It's still stiff competition for homebuyers across the country as bidding wars and all-cash offers continue to price-out many in search of a new residence. In an article on current housing market conditions published by Bloomberg in late September, we found seven key takeaways and summarized them for you here. Key Takeaways Mortgage borrowers who can offer large down payments, telecommuters who can live and work from anywhere in the country, and all-cash offers from real estate investors have created the perfect storm for bidding wars—pricing-out many house hunters, and keeping renters from becoming owners. According to economists at Realtor.com,