Tag Archives: Shortage

Buying A House Is Harder Than Ever, And Bidding Wars Keep Breaking Out : NPR

By Chris Arnold Twitter

May 18, 202111:08 AM ET, Heard on All Things Considered

A record shortage of homes for sale and strong demand from buyers are sparking bidding wars and sending home prices to new records.
Paul Sakuma/AP

“You imagine your life in this house, you put in an offer and then two days later it doesn’t get accepted,” Ametrano says. “For me, it’s like very emotionally crushing.”

–From article…

Trying to buy a house right now is in some ways harder than it’s ever been. There’s a record shortage of homes for sale; many people are eager to buy.

Bidding wars are breaking out, sending prices to record highs, and making it feel impossible for many people to buy a home.

Source: Buying A House Is Harder Than Ever, And Bidding Wars Keep Breaking Out : NPR