Bidding wars for homes have dropped to their lowest rate in more than two years, in another sign of the cooling housing market, according to an industry report.Nationwide, agents for brokerage Redfin faced competing offers in just 44.3 percent of their bids in July, down from 63.8 percent a year ago, according to a from the company on Friday.It marked the sixth straight month of decline competition rates, and the lowest share on record aside from April 2020, when the pandemic froze the national housing market.
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