Issue
Feverish demand for South Florida homes leads to over-the-top offers
Real estate agent Drew Kern recently listed a Palmetto Bay home for about $750,000, a price that was significantly...
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National Weekend Edition
Real Estate agents are using this technique to ignite bidding wars
They’re writing the book on how to ignite bidding wars. The New York Times is reporting real estate agents...
National
Pressure on home shoppers eases as bidding wars hit 2021 low
Home shoppers can take a breath: Competition for listings is lower than it has been at any point this...
New York
Here’s the little secret to winning a bidding war that could totally backfire
Going up? In a hot real estate market, buyers will often put in offers with an escalation clause –...
Buying a home in 24 hours
Frenzied homebuyers are making offers on the spot before someone else has the chance, leading to what observers call a “flash sale,” Sun Sentinel reported. A resident of Pembroke Pines in South Florida’s Broward...
S. Florida home prices soar for fifth straight month
South Florida home prices gained for a fifth consecutive month by more than 20 percent in April as bidding...
‘Transformation’ in South Florida housing market is sustainable, Metrostudy economist says
As South Florida’s housing inventory shrinks, so does its vacant land, fueling a bidding war among builders and a rapid rise in construction costs...
Sellers sprint to find new home
South Florida’s rapacious housing recovery and inventory shortage has left some home sellers scrambling for a new place to live, the Sun-Sentinel reported. Buyers are competing for a shrinking supply of single-family homes, leading...
Aggressive pricing brings back bidding wars
A foreclosure in one of Davie’s pricier gated communities hit the market on a Sunday, and by Monday there were 10 offers. It went to the highest bidder, who offered $75,000 above the $399,000...
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