We should definitely see less bidding wars. Do you mind me asking what part of the country your mom sold her house in? I just can’t see the great exodus from New York and California slowing down too much regardless. That is my uneducated opinion.
She sold in South Jersey, Philly metro area. People trying to escape from NY aren’t coming to South Jersey I think, for the most part. The buyers in this case weren’t from there anyway.