Homebuyer Competition Drops to Lowest Level in Two Years
Pro Builder
JULY 21, 2022
Homebuyers are taking a break from bidding wars as home prices become increasingly unaffordable for a growing number of Americans. The nationwide bidding war rate fell below 50% in June for the first time since May 2020 as a result of inflated housing costs pushing a growing number of would-be buyers to the sidelines. vs. 74.1%; -35.2
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