Bidding Wars For US Homes Collapse To Eight-Year Low
Bidding wars for homes in Seattle, San Jose, and San Francisco have crashed in the past year, reflecting an alarming national trend, according to a new report from Redfin.
The report found that the national bidding-war rate in August was 10.4%, down from 42% a year earlier. The rate printed at the lowest level since 2011.
At the start of 2018, the national bidding-war rate was 59%, then plunged as homebuyers became...
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