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Competition in Housing Market Hits 15-Month Low in May, Redfin Reports

Competition in Housing Market Hits 15-Month Low in May, Redfin Reports
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Housing Crash Imminent: As Mortgage Rates Explode Price Cuts Soar And Buyer Demand Collapses

Bidding Wars For Homes Fall To 15-Month Low

Nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021, the technology-powered real estate brokerage said.  Redfin's report, based on data submitted by its agents, showed May’s rate was down from a revised rate of 60.9% in April, and from the pandemic peak of 68.8% in May 2021, Redfin said. It marks the fourth-consecutive monthly decline.

Investors Continued to Buy Single-Family Homes at Record Rates in Q1 2022

Investors Continued to Buy Single-Family Homes at Record Rates in Q1 2022
mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.

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