Name: The Perfect Storm Sparks Bay Area Bidding Wars
Uploaded: 2021-03-17T00:00:00.000Z
Duration: 1 min 36 s
Channel: Roomvu.com
Description: The Perfect Storm Sparks Bay Area Bidding Wars

Arizona

Atlanta

Austin

Central Coast

Charlotte

Chicago

Colorado

Connecticut

Dallas

Florida

Georgia

Hawaii

Houston

Illinois

Indiana

Los Angeles

Maryland

Massachusetts

Miami

Minneapolis

Minnesota

Missouri

Nevada

New Jersey

New York

North Carolina

Ohio

Orlando

Pennsylvania

Philadelphia

Portland

Raleigh

Sacramento

San Antonio

San Diego

San Francisco

Seattle

South Carolina

Tampa

Texas

Virginia

Washington D.C.

Other Areas California

Other Areas USA

Calgary

Ottawa

Toronto

Vancouver

Vancouver Island

Other Areas Canada

The supply of homes has improved, but the demand is still high; home prices are expected ↑ 16% by the end of 2022. There are people that have never had this much equity in their homes.
There’s a lot more equity to tap into these days, which is much different from foreclosures during the Great Recession. Homes are getting snatched off the market fast, so if planning to sell, have a plan for the next move.
Some are renting after selling, some are sitting on the money, but most don't have regrets. There are creative offers these days: closing in 30-days or extra time to the seller to stay until they find somewhere else to go.

The Perfect Storm Sparks Bay Area Bidding Wars

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