Richard Stein – Realtor®, Douglas Elliman, GREEN, SFR, CBR, eCertified®

Local Agent, Worldwide Marketing – Douglas Elliman Real Estate formerly Prudential Douglas Elliman Real Estate

Goodbye bidding wars: Homebuyers gain edge in this year’s housing market

Janna Herron and Paul Davidson

 

 Millennials move in with mom and dad to save for a new home. USA Today

If you’re hunting for a house this spring, say goodbye to frenzied bidding wars. And if you’re selling, get ready for good, old-fashioned negotiations.

While real estate brokers aren’t declaring a buyer’s market just yet, demand has definitely cooled since last summer and the upper hand sellers once enjoyed has largely disappeared.

Escalating prices and higher interest rates convinced buyers to step to the sidelines in the fall, slowing the once…………………..

FULL STORY AT USA TODAY

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