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Homebuyer Bidding-War Rate Drops to Lowest Level Since January

Builder Developer 08/18/202108/18/2021

Homebuyer Bidding-War Rate Drops to Lowest Level Since January

60% of offers written by Redfin agents faced competition in July, down from 67% in June. Competition is still more intense than it was a year ago…

Redfin

https://press.redfin.com/news-releases/news-release-details/homebuyer-bidding-war-rate-drops-lowest-level-january

Housing Starts Down in July on Supply Chain Challenges
Despite the drop, home building remains exceptionally strong

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