Real Estate News | Real Estate Investing | Stock Market Investing | Passive Income | Flipping | 1031 Exchange | Private Lendi

Transcript 00:00:00 Intro Music [Speaker] Kathy Fettke The housing market appears to be settling down a bit as we head into the Fall. Home price growth is stabilizing and buyers are facing a bit less competition. According to Redfin, the percentage of deals tangled up in bidding wars last month dropped to the lowest level since January. (1) Hi I’m Kathy Fettke and this is the Real Estate News for Investors. Redfin is reporting a steady decrease in buyers submitting competitive bids. Competition peaked in April when 74.1% of the offers written by Redfin agents faced competition. In June, competition dropped to about 66.5%. And last month, in July, only 60.1% of the offers went head-to-head with other buyers. Redfin calls it a bidding war when a buyer faces at least one competing offer. Homebuying Conditions Have Improved Redfin says that homebuying conditions have improved over the summer. It says that prices are stabilizing due to an increase in supply. That’s giving buyers more options to choose from, and le