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10 Housing Markets Where Bidding Wars Are Disappearing

By Chris Kissell of Money Talks News | Slide 2 of 12: Share of Redfin listings in this metro that faced competition in:   October 2022: 27.2% October 2021: 62.3%   Over the past several years, Denver was one of the hottest housing markets in the U.S. But things are changing quickly. As Gene Myers, chairman of Thrive Home Builders in the Denver area, tells CNBC:  “It is definitely a hard landing for housing. Any hope of a soft landing really evaporated last spring, when it became so clear that our customers who are accustomed to such low mortgage rates just were going to go on strike.”

10. Denver

Share of Redfin listings in this metro that faced competition in:

  • October 2022: 27.2%
  • October 2021: 62.3%

Over the past several years, Denver was one of the hottest housing markets in the U.S. But things are changing quickly.

As Gene Myers, chairman of Thrive Home Builders in the Denver area, tells CNBC:

“It is definitely a hard landing for housing. Any hope of a soft landing really evaporated last spring, when it became so clear that our customers who are accustomed to such low mortgage rates just were going to go on strike.”

© eakkarat rangram / Shutterstock.com
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