What have you always wondered about the economy? Tell Us

House bidding wars fall to a 10-year low

Amy Scott Nov 14, 2019
HTML EMBED:
COPY
NICHOLAS KAMM/AFP/Getty Images

House bidding wars fall to a 10-year low

Amy Scott Nov 14, 2019
NICHOLAS KAMM/AFP/Getty Images
HTML EMBED:
COPY

There’s some good news for people who are in the market to buy a house right now: bidding wars are at a 10-year low. Redfin, the online brokerage, says just 10% of the offers its customers made last month faced competition. That’s down from almost 40% last October. But with interest rates and the supply of homes for sale both so low, there are signs the reprieve may not last.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.