Day: August 11, 2020

Bidding Wars on Homes Hold Steady in July, With Over Half of Redfin Offers Facing Competition

54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale. Salt Lake City was the most competitive market, with 75% of offers encountering competition.

More than half of Redfin home offers faced competition in July for the third month in a row. Nationwide, 54% of Redfin offers encountered bidding wars last month, down slightly from June’s revised rate of 56%.

An offer is considered part of a bidding war if a Redfin agent reported that it received at least one competing bid.

Even as the coronavirus pandemic continues to

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Canberra’s 10 most sought-after streets for home buyers

No. 16a Pera Place in Red Hill is up for sale.

Leafy, family-focused enclaves, new developments and “old Canberra” suburbs have been dominating buyer wishlists, as new search data reveals the most popular streets in the city.

Canberra’s most in-demand streets – ranked by the number of views per listing within a suburb over the past three years – reflect a trend for affordable family areas as well as established locations, well-serviced by green space and amenities.

MORE: Award-winning display home seeks first owner

Inner south cottage with a ‘fernery’

Streets with less than fives homes for sale over that

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