Soaring demand and low inventory has resulted in competitive housing markets all over country amid the pandemic. found the 11 most competitive metropolitan areas to buy a home in right now.
The study analyzed the metro areas based on data from January through July, and on average down payments, credit scores, and preapprovals.Homebuyer interest in the US is shifting as social distancing and working from home becomes the new norm for many. Over the past several months, real estate has seen suburban, and suburban-like, markets heat up as prospective homeowners seek larger spaces and cheaper prices. Paired with historically low mortgage rates and low inventory, that has made buying a home more competitive than ever in some places.
Source: News Formal (newsformal.com)
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