AGENT 1
Mar 11, 20212 min
If you havenβt bought or sold a home lately β°, you might not believe π€― whatβs going on. Realtor Missy Farrell said sheβs seeing π "multiple offers, lots of showings on homes, high deposits, over-asking prices and sight-unseen π offers." She recently helped Alana McCall sell her home in Wake Forest. McCall says after just two days on the market, "We had 20 offers.β Beyond getting multiple offers in a matter of a day or two, the trend catching many by surprise is the way many buyers are hoping to standout: theyβre offering large due diligence payments π°.
Every New York π½ real estate buyer wants to βwait a little longer and buy at the bottom π of the market.β Agents hear this refrain πΌ over and over again during every downturn ‡οΈ. And, of course, who doesnβt want to buy at the bottom of the market π€·ββοΈ? That said, the bottom of the market tends to elude us. Usually buyers AND agents only see it in the rear view mirror πͺ. And that certainly pertains today π , as we see the market firming up throughout all price ranges, and deal volume at levels we havenβt experienced for five years.
The coronavirus pandemic has been tough on a lot of cities π, but even during a major health β crisis and recession, some parts of the country πΊπΈ have thrived. Milken Institute, a Santa Monica, California-based nonprofit π that focuses on issues related to human π¨βπ©βπ§βπ¦, financial π΅ and social capital, recently published its Best-Performing Cities 2021 report π that detailed the nation's top growth π nexuses with Provo-Orem, Utah π§ββοΈ, ranking as the top-performing large metro area with a population over 100,000.
Zillow Group, the real estate π‘ media company that owns online π§βπ» marketplaces including Zillow and Trulia, is facing an antitrust lawsuit π©ββοΈ alleging that its sites and the National Association of Realtors are making it harder π© for potential home buyers π to view π listings with lower fees π§Ύ from other competitors.