Bidding Wars Up as Spring Market Opens
Nearly two-thirds of home offers written by Redfin agents across the country in March faced competition, a new report says.
Nearly two-thirds of home offers written by Redfin agents across the country in March faced competition, a new report says.
Could Connecticut emerge from the COVID-19 pandemic stronger? That could be one effect of the hyper-busy spring-turned-summer real estate market, senior real estate figures hope.
In another indication the coronavirus is softening the housing market, applications for purchase mortgages fell by 11 percent nationwide last week, according to the Mortgage Bankers Association.
While the median sale prices in many regions suggested a relatively weak market, newly renovated, reasonably-priced properties saw the kind of intense buyer interest more familiar to Realtors in Boston or New York.