How to avoid 'panic buying' in an ultra-competitive housing market

How to avoid ‘panic buying’ in an ultra-competitive housing market
Bankrate
2 hrs ago
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Tired stressed out woman working on her computer.
With housing inventory and mortgage rates low, competition among homebuyers in some areas has gone from brisk to combative. That's leading some to move especially quickly and stretch their budgets in order to make sure a property they love doesn't slip through the cracks.
Kevin Kieffer, a broker associate with Compass' EastBayPro Team in the East Bay area near San Francisco calls this behavior "panic buying" and said it can be easy in the current market for prospective homeowners to get in over their heads

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