June Real Estate News Update

Brought to you by Bloomberg:

Bidding Wars Are Back in Housing Market Stung by Pandemic

"It’s the surprise of a spring selling season that’s been anything but normal: Buyers returning to the housing market have been battling over the few available properties.

While sales are way down, the lack of inventory has propped up prices and led to bidding wars, even as economic fallout from the pandemic mounts and real estate agents adjust to new public health guidelines that have made it more difficult to market homes."

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