What is open bidding, and can it help bring down home prices?
In this process of making an offer on a home, all prospective buyers know exactly how much the others are bidding.
6 min read
Jul 18, 2022
Erik J. Martin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages
- Housing market
- Home improvement
- Credit cards
EDUCATION
- Bachelor of Arts, Loyola University Chicago
- Dale Carnegie Training
Erik J. Martin is a contributor to Bankrate covering personal finance, including mortgages, the housing market, home improvement and credit cards. Based in the Chicago area, he is host of the “Cineversary” podcast and blogs on Cineversegroup.com and Martinspiration.com.
In addition to Bankrate, Martin has contributed to AARP The Magazine, Tte Chicago Tribune, Reader’s Digest, The Costco Connection and USAA, among other outlets.
Erik J.'s latest articles
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Should you ditch natural gas?
Making a switch to other energy sources has plenty of practical pros and cons.
5 min read Jun 22, 2022 -
What does ‘opportunity zone’ mean in real estate?
Developers, homebuyers and investors may be able to find a bargain in an Opportunity Zone.
4 min read Jun 01, 2022 -
Mortgage rate forecast for June 2022: Recession worries may keep rates in check
A tug of war is playing out in the mortgage market. Inflation is pushing rates up, while fears of a recession are pulling them back down.
5 min read Jun 01, 2022 -
Mortgage rate forecast for May 2022: Sticker shock sets in
Until inflation is tamed, mortgage rates are likely to keep rising.
4 min read May 01, 2022 -
Mortgage rate forecast for March 2022: Upward pressure continues
The highest inflation in decades will push rates up. But will war in Ukraine pull rates back down?
4 min read Mar 01, 2022 -
Mortgage rate forecast for February 2022: Rates headed higher
Mortgage rates are unlikely to fall to 2021 levels, but the big moves could be over for now.
4 min read Feb 01, 2022 -
Mortgage rate forecast for January 2022: Higher rates ring in the New Year
Will rates move higher from their near-record lows? The experts weigh in.
4 min read Jan 01, 2022