General World News

The 15 American cities where competition to buy a home is fiercest

home sold san francisco

  • Over-demand for homes is ruling the housing market in many cities.
  • Buyers in the best position to buy a home typically have mortgage financing in place, a credit score above 680, and a down payment above 15%.
  • But many markets, like San Francisco and San Jose, have an oversaturation of these buyers, leading to heightened competition.

It’s a tough time for Americans to buy a home.

US housing supply remains low and prices keep rising, making the competition among buyers the fiercest it has been in years.

Over-demand is ruling the market in many cities. In San Francisco, a home sold for <a target="_blank" read more >>>

Source:: BusinessInsider.Com