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Return Of The Bidding War

Bidding wars are back in real estate! In March, 75% of agents with broker Redfin reported that their clients offers were countered with other bids. Agents all over the country are reporting intense competition for prime listings; the recent sale of two condos in Cambridge, Massachusetts prompted bids from over 250 potential buyers. Homebuyers are eager to purchase before mortgage rates and home prices rise, and are finding that sellers are under less pressure to sell at a reduced price as their home’s value rises. To read the full article visit CNN Money. 

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