Homebuyer Competition Falls to Lowest Level in Over a Year
Pro Builder
MAY 19, 2022
Homebuyer Competition Falls to Lowest Level in Over a Year. ldeakins. Thu, 05/19/2022 - 10:52. Bidding wars are slowing across the U.S. as more buyers are priced out of home purchases by rising mortgage rates. Homebuyer competition saw its second consecutive monthly decline in April as surging mortgage rates prompt a growing number of buyers to drop out of bidding wars in some of the nation’s most popular housing markets.
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