Bidding wars are raging in Orange County and elsewhere, making home shopping especially frustrating for those seeking properties under $750,000. Low inventory is driving the competition. And homebuyers are going head-to-head against investors, who typically pay cash.
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The watchdog for Fannie Mae and Freddie Mac is interviewing Wall Street firms to handle a public offering that would dwarf any IPO in history, Fox says.
With companies like Opendoor, Zillow and Redfin, homebuyers and sellers were no longer limited to the traditional method when they decided to buy and sell their homes. But just how much of an impact are those iBuyers having on the market itself?