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Redfin: Bidding wars rebound from August’s 8-year low

Oct 09, 2019By

As the nation’s low interest rates continue to drive purchasing demand, a report from Redfin indicates America’s bidding competition strengthened in September. According to the company, 11% of purchasing offers made on its site faced a bidding war during the month. Although this a strong decline from last year’s rate of 41%, it’s still a slight increase from August’s eight-year low of 10%.