Bidding Wars Continue Over Most Homes on the Market

August 10, 2020 Christina Hughes Babb

Record low mortgage-rates prompt bidding wars for potential homebuyers. Agents from Redfin report 54% of home offers in July 2020 faced competition. That’s down slightly from June’s 56%, but it marks the third month running that more than half of Redfin’s home offers faced competition—this, according to data journalist Lily Katz, for Redfin.  Negotiations enter ...

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