NPR

It's Harder Than Ever To Buy A House, And Bidding Wars Keep Breaking Out

A record low supply of homes for sale and strong demand from buyers are sending home prices to record levels and frustrating homebuyers who keep getting outbid.
Dan Johnson and Rebecca Ametrano have searched real estate listings since January. "We've learned if you wait till the open house, probably it's going to be sold before the open house," Johnson says. "So then we're scrambling to figure out which one of us can take time off of work to go see it during a workday." Even so, he says they were too late as homes sold in less than two days.

Rebecca Ametrano and Dan Johnson are newlyweds thinking about having kids. So they wanted to buy their own house or a condo. But since January they've been getting outbid by other buyers.

"You imagine your life in this house, you put in an offer and then two days later it doesn't get accepted," Ametrano says. "For me, it's like very emotionally crushing."

Trying to buy a house right now is in

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