Low mortgage rates and a lack of inventory have created a highly competitive market. In San Jose, one homebuyer had to put 50 percent down and write a letter to the sellers in order to beat 24 other offers.
Source: Inman News
Homebuyers see fierce competition across the country
Published in Agent, Analysis, buyer competition, Daryl Fairweather, Data, low inventory, low mortgage rates, philadelphia, phoenix, Redfin and san francisco bay area
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