Competition for homes decreased in August for the fifth month in a row according to data compiled by the Research Center.
The report concluded that the diminishing number of bidding wars indicates that the housing market is shifting away from one that favors sellers toward a more balanced environment.
“Tight inventory conditions mean that across 22 markets, most customers making offers at the end of the summer faced competing bids,” “Lower mortgage rates this month could spur a slight boost in bidding wars in October,” Read more ..
No comments:
Post a Comment