As the housing market cools off Homebuyers face far fewer bidding wars

Homebuyers are less likely to get into bidding wars now that the housing market has cooled off a bit.

During the first three weeks of March, a mere 16 percent of buyer offers written by real estate brokerage Redfin faced a bidding war. That is a sharp drop from the 61 percent a year earlier. Redfin operates in more than 85 major U.S. metropolitan markets

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