Almost a third of all homes sold in the first six months of this year went to buyers who made all-cash offers.
Yes, mortgage rates are high. But demand is starting fall because of that, and prices aren’t rising as fast as they have been, experts say.
A dealer in the Los Angeles area describes bidding wars for the few vehicles that are on the lot.
Homes are staying on the market a few more days. Plus, there are more new listings and fewer bidding wars.
“This is not a sprint, this is a marathon,” one real estate broker tells her clients. But for some homebuyers, the race is just too long.
Real estate brokerage Redfin says just one in ten offers faced competition in October.
Some homebuyers try to win favor with sellers by writing a personal appeal.
