In Lucky Housing Markets, Bidding Wars Are Back

Better job security and cheap mortgages kick off the action
Potential homebuyers Cindy Cho, right, and Bob Wood look through a five-bedroom row house for sale in the Logan Circle neighborhood of Washington, D.C Photograph by Andrew Harrer/Bloomberg

Matthew and Carina Hensley offered $10,000 more than the asking price for a three-bedroom house in suburban Seattle, then lost out to one of seven other bidders. Their $270,000 proposal in February came with a family portrait and a letter introducing the couple, their eight-month-old daughter, Harper, and their desire to build a family in the Renton (Wash.) house with a yard backing onto a woody hillside.

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