The dip in competition can be attributed to the increase in mortgage rates, which reached 5.3 percent in May after starting March at just 3.76 percent.
Source: Inman News
Competition declines for second straight month, report finds
Published in Brokerage, competition, Daryl Fairweather, home buying, home sellers, homebuyers, homeselling, Industry News, Markets & Economy, Mortgage, mortgage rates, Redfin and Select
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