Tag Archives: Competition Heats Up for Home Buyers

Bidding wars are brewing again in more housing markets, and buyers are finding themselves up against increased competition in snagging a home. California buyers reportedly are feeling some of the biggest competition in the housing market, as inventories of homes for sale have fallen at the same time that buyer demand has picked up, sparking a supply-demand conundrum. For example, in Sacramento, Calif., inventory of for-sale homes is less than a month; generally a balanced real estate market has about a six-month supply of houses for sale. The lack of […]