Would-be homeowners are increasingly opting to pay sellers more than their asking price in hopes of edging out rival buyers as heightened competition for few homes on the market fuels bidding wars. The number of US homes sold in January that were more expensive than their list price was up from a year earlier. It was the largest share of homes sold above asking price ever recorded. Some of the nation's most expensive housing markets are showing the trend. More than half of the homes sold in Los Angeles in January went for more than they were advertised to be. In Seattle that went up to 65.9%. Home prices are going up. The median home price was $350,300 in January, up 15.4% from a year earlier. The housing market was in a frenzy in the beginning of 2022, with buyers competing for a limited supply of homes and sellers reaping the rewards of bid-up prices. Homebuyers face a difficult task navigating the housing market, with the number of homes for sale at record lows, prices rising sharply and average mortgage rates running higher than they were a year ago, and expected to climb further this year. It is more likely that a home for sale will get multiple offers. 70% of offers put in by Redfin agents on behalf of their clients were on homes that received multiple bids from would-be buyers in January. Many buyers are going well above the listing price to beat the competition. The number of homes that have sold this year for at least $100,000 above their listed price is double what it was a year ago. The firm looked at sales data from January to February. Out of the top 10 metropolitan areas, California is home to six where homes are selling for $100,000 or more above the list price. Los Angeles led the way, with 718 homes selling for at least a six-figure boost over the asking price, more than any other major metropolitan area and up from 273 a year ago. Oakland, San Jose, Seattle, Anaheim, San Francisco, San Diego, Boston, Denver, and New York rounded out the list. The bidding wars and above-list sale prices that defined last year's red-hot housing market forced frustrated buyers to the sidelines, where they would have to wait until the market cooled in 2022. The song "Strange" was released by Miranda Lambert before the release of Palomino. You will always be in love with the West Virginia Mountaineers. Put pride in the spotlight by doing so. Is it time to prepare for a recession in the U.S. Some top minds are weighing in. These companies are expected to produce rapid growth in sales and earnings, and have high dividends. WeCrashed will premiere on Apple TV+ on March 18. Achieve business growth while reducing emissions. The vehicle that caused the Las Vegas crash that killed 9 people was going more than 100 mph at the time. He caused a multivehicle wreck that killed him, his passenger and seven members of a family in a minivan. The Nets beat James Harden and the 76ers in a rivalry game. Ted Oakley, Oxbow Advisors Managing Partner, and Michael Vogelzang, CAPTRUST CIO, join Yahoo Finance Live to discuss the Fed, inflation, and the outlook for markets. Search for gutter protection. Vera Gibbons of Yahoo Finance is on the Live show to discuss the real estate market. As a result of the Russian invasion of Ukraine, Facebook and Instagram will allow users in some countries to call for violence against Russians. A new putting entertainment center called "puttery" is coming to New York City's Meatpacking District. The largest Puttery in the company will be located at . The Charlotte Business Journal has a story about the opening of a Puttery in Charlotte, North Carolina, which can be seen here. Green technologies will be tested at SUSTIE, which will help buildings become more eco-friendly. Australia has been increasing its defence spending over the past few years as China looks to increase its presence in the region. The number of defence personnel in Australia will rise to 80,000, the highest level since the Vietnam War, as a result of the purchase of nuclear submarines from the United States and Britain. The United States, Britain and NATO are important partners for Australia, according to Defence Minister Peter Dutton. Marilyn Mosby, the Baltimore City State's Attorney, has been indicted. You can get off the 9-to-5 grind early if you approach your retirement savings the right way. Get top results for what you need quickly. Only on Yahoo. Money cannot buy you happiness, but working with a financial advisor can. How to interpret the three key metrics you see on your device, plus tips on getting accurate readings. Fantasy Pts: 43.00 Point Guard Rank: 4 You can find furniture at prices that fit your budget. Luis Rodriguez was played by Delgado. Sunak said that the invasion of Ukraine by Russia is creating significant economic uncertainty and will be monitored. California had seven of the top ten cities.Associated Press
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