U.S. Markets closed
  • S&P 500

    4,357.73
    -75.26 (-1.70%)
     
  • Dow 30

    33,970.47
    -614.41 (-1.78%)
     
  • Nasdaq

    14,713.90
    -330.06 (-2.19%)
     
  • Russell 2000

    2,182.20
    -54.67 (-2.44%)
     
  • Crude Oil

    70.48
    -1.49 (-2.07%)
     
  • Gold

    1,764.70
    +0.90 (+0.05%)
     
  • Silver

    22.22
    -0.08 (-0.36%)
     
  • EUR/USD

    1.1733
    +0.0001 (+0.0117%)
     
  • 10-Yr Bond

    1.3090
    -0.0610 (-4.45%)
     
  • Vix

    25.71
    +4.90 (+23.55%)
     
  • GBP/USD

    1.3659
    -0.0078 (-0.5696%)
     
  • USD/JPY

    109.4200
    -0.4750 (-0.4322%)
     
  • BTC-USD

    44,590.88
    -3,435.44 (-7.15%)
     
  • CMC Crypto 200

    1,076.57
    -57.81 (-5.10%)
     
  • FTSE 100

    6,903.91
    -59.73 (-0.86%)
     
  • Nikkei 225

    30,500.05
    +176.75 (+0.58%)
     

‘A lot of buyers have had enough’: Bidding wars for homes falls to lowest level since 2020

·3 min read
‘A lot of buyers have had enough’: Bidding wars for homes falls to lowest level since 2020

The frequency of bidding wars on homes has dropped to the lowest level this year — the latest sign that the housing market may be cooling and reverting back to its usual seasonal patterns. A new report from Redfin (RDFN) found that 58.8% of the offers on homes written by the company’s real-estate agents faced competition in August. Redfin defines a bidding war as any situation where there are at least two competing bids on a home.