Redfin: Here’s how buyers are winning bidding wars

Waiving the inspection contingency and the pre-inspection, typically conducted to mitigate the buyer’s risk when waiving said contingency, come with no significant gain in the odds of winning a bidding war. But this won’t stop Redfin agents from advising their clients to use them in appropriate situations while considering the associated risks.

MBA: mortgage applications down 18.6% last week Although mortgage applications slightly rose for the week ending May 17, 2019, ongoing trade concerns could be hindering potential growth, according to the Mortgage Bankers Association. The MBA’s latest weekly mortgage applications survey showed that, on an unadjusted basis, the market composite index grew 2.4% from the previous week.

According to Redfins’ 2013 Report on Bidding Wars, the return of the bidding war may have peaked in 2013, but it’s not over by far. Redfin completed a study of its realtor sales in 19 US markets and found that in April 2014, 37.9% of homes sold above asking price compared to 22% during the previous quarter and 44% just one year prior.

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If the rate of bidding wars begins to increase in a meaningful way this spring, it will be one of the earliest signs that the market is heating back up, since buyers making offers is the earliest.

How to Win a Bidding War on Chicago Real Estate After a winter freeze, home sales will soon heat up in the city. Here’s how to make sure your dream home doesn’t get bought by someone else.

San Francisco, San Diego and Las Vegas were the most competitive housing markets in August, but local buyers were far less likely to face a bidding war than last summer. Just 10.4 percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in August, down from more than 42 percent a year earlier.

How to win a bidding war: Bring cash, lots of cash. winning bidding wars, a Redfin analysis of home sales over the past two years show. Buying a home without financing boosted a buyer’s.

SEATTLE, March 27, 2019 /PRNewswire/ — (NASDAQ: RDFN) — Just 16 percent of offers written by Redfin agents on behalf of their homebuying customers in the first three weeks of March faced a bidding war, according to a new report from Redfin, (www.redfin.com), the technology-powered real estate brokerage.

Mortgage originations down 35% in first quarter MBA: Mortgage applications slide 0.6% from last week The Department of Agriculture’s share of total applications remained unchanged from last week’s 0.6%. mortgage interest rates for 30-year fixed-rate mortgages with conforming loan balances.The Tax Act provides for a reduction in the corporate income tax rate from 35% to 21% effective January. or 18%. residential mortgage originations were $72 million in the first quarter of 2018.

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Here’s how to win a bidding war. Coming with cash can actually double your chances of winning a bidding war, according to Redfin, a real estate brokerage.. home buyers are spending more than.