Hot Real Estate News!

Key Points:

• Real estate market growing in expensive cities despite mortgage rate unpredictability
• Zillow data shows an increase in listings and homes going under contract
• Some areas experiencing bidding wars due to high demand
• Strong buyer interest driving market momentum
• Seattle, San Francisco, and Los Angeles among the top cities with growing real estate market

My Hot Take:

Who needs predictability when you’ve got a booming real estate market in the priciest cities? Bidding wars, high demand, and unstoppable momentum – looks like buyers are not letting those mortgage rates slow them down!
Original article: https://www.biggerpockets.com/blog/expensive-housing-markets-show-the-most-growth-september-2024