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Real estate markets in these 20 cities are extremely competitive in 2022 as home values soar, buyers bid high, and houses sell faster than ever.

This year, these twenty cities are seeing unprecedented demand on their housing markets compared to the rest of the nation. The pandemic may have caused major negative economic repercussions this past year, but in certain industries, business is booming. Some sectors have even grown remarkably and achieved historic profits over the course of the pandemic. One such case is the U.S. housing market, which achieved a $2.5 trillion gain in 2020, the largest growth rate in a single year since 2005, according to Zillow. Evidently, house hunting has become a priority for many more Americans over this...