Throughout metropolitan areas nationwide, the tight supply of for-sale homes – already constrained pre-coronavirus and intensified in recent months – is continuing.
Although the increase in purchase mortgage applications signal a rebound of home-buyer interest and record-low mortgage rates could spur that further, “steeper declines in inventory could be on the horizon if more sellers don’t list homes to meet rising demand,” Realtor.com said in its weekly inventory report released Thursday.
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The post Housing rebound? To get a home in these cities you have to win a bidding war appeared first on HousingWire.
Housing rebound? To get a home in these cities you have to win a bidding war