Buyers Once Again Have to Compete for Houses

As discussed in a recent Wall Street Journal article, When the housing bubble burst, the industry suddenly became a buyer’s markets.

Buyers were seemingly able to name their price and because few people were purchasing homes, didn’t have to worry about competition and bidding wars.

That has since changed; more and more buyers are finding themselves engaged in bidding wars with people interested in the same house.

This has been quite shocking.

Buyers, for once in a very long time, had gotten used to buying homes without competition from other would-be buyers.

This trend is happening throughout the United States, from coast to coast.

As the supply for available homes are waning, competition has increased.

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