Sunday, 7 August 2022 | The Latest Buzz for the Appraisal Industry

Homebuyer Competition Plummets

Nationwide, nearly 50% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in June, according to a new report from Redfin. That’s the lowest share since May 2020 and the first time the bidding-war rate has been below 50% since that same month, when the housing market was at a …

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