Homebuyers have faced intense competition over the last few years in the red-hot housing market, but a new report shows those times may be waning.
The report by Redfin, a technology-focused real estate brokerage, highlights that nationally, 44.3% of the home offers written by Redfin agents faced competition on a seasonally adjusted basis in July, compared with a revised rate of 50.9% one month earlier and 63.8% one year earlier.
This is the sixth-straight monthly decline and the lowest share…
