National property broker Redfin is reporting that in May 2021 over 70% of home offers written by Redfin agents faced competition, down from a revised rate of 73.6% in April 2021.
That’s still up significantly from 52.7% in May 2020, which was impacted by pandemic stay-at-home orders. An offer is considered part of a bidding war if a Redfin agent reported that it faced at least one competing bid.
Bascom plans to complete lease-up of the property and implement institutional-grade management through Cushman & Wakefield. Continue Reading Bascom Group Acquires 294-Unit Las Vegas Apartment Community for $103 Million
“Any construction project that has cost overruns of almost 80% over the original construction budget deserves some serious review,” said US Attorney Jeanine Pirro. Continue Reading Prosecutors Make Surprise Visit to Federal Reserve HQ Renovation Site
Pulte has yet to publicly produce evidence that the former employees received kickbacks. Continue Reading Judge Dismisses Defamation Lawsuit Brought by Fired Fannie Mae Workers Against FHFA’s Pulte
Damian Halfkenny was charged with one count of wire fraud, which provides for a sentence of up to 20 years in prison, three years of supervised release and a fine of $250,000. Continue Reading Ex-Massachusetts State Police Sergeant Pleads Guilty to Loan Fraud Tied to Real Estate Business
California is the 16th state for the company’s operations since it first expanded outside of New York in 2023. Continue Reading Ryan Serhant Expands Luxury Brokerage Into California
The survey found 74% of respondents stating now is a good time to sell, while 83% of potential sellers expected to get their asking price or more this spring. Continue Reading Survey: Most Home Sellers Are Optimistic About a Profitable Spring
Why does everyone keep calling it a bidding war.
It’s not like a acution that people competing in a room and an agent is asking for more & more
Just offer your best and final offer!
It may not be an auction but there can be a lot of back and forth leading to the best terms and price for the sellers.