Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S
The Ticker

Real Estate competition eases up in July

Market competition balances out after peaking in March

homes_dollars
/ Print / Reprints /
| Share More
/ Text Size+

Competition for homes across the U.S. dropped in July, online real estate firm Redfin reported Thursday.

Last month, 63.3% of all offers obtained by Redfin agents landed in the middle of a bidding war, down from 68.6% in June and the peak of 75.7% in March. 

Some of the more competitive markets -- including Orange County and San Diego, Calif. -- experienced steep drops in competition from June to July.

Redfin agents claim rising home prices, interest rates, inventory levels and buyer fatigue played a role in easing market competition during the summer months.

Recent Articles by Brena Swanson

Comments powered by Disqus