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Redfin: The nation's home buying competition eases as bidding wars cool in June

As the nation’s home listings begin to stay on the market longer, new data from Redfin suggests purchasing competition is easing in nearly every metro across the country. According to the company, only 12% of purchasing offers made on its site faced a bidding war in June. Not only is this a strong decline from last year’s rate of 52%, but it also highlights a significant slowdown in competition.
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