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House the Market?​

Bidding War Frenzy

3/22/2021

 
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It's rough out there for home buyers—bidding wars, crazy fast appreciation, and homes going into contract in a week! A strong stock market and low interest rates have increased the purchasing power of buyers. With such fierce competition, buyers need to get pre-approved and be ready to go see homes the second they hit the market to stand a fighting chance. You know what they say: “If you stay ready, you don’t gotta get ready”...or something like that. 

Also, plot twist: millennials are unexpectedly the ones driving this market, buying multi-million dollar "starter homes". Amazing what you can afford once you stop going out to brunch for avocado toast.

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    Michaela To

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MICHAELA TO
510.266.2802
mto@MichaelaTo.com
6211 La Salle Ave. Oakland, CA 94611
DRE# 01883913
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  • Home
  • About
  • Buyers
    • Search Homes
    • Buyer's Guide
    • Mortgage Calculator
    • Schools
  • Sellers
    • What's Your Home Worth?
    • Seller's Guide
    • Compass Concierge
  • Reviews
  • Market Data
  • Blog
  • Contact