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Bidding wars in a pandemic? Housing is heating up fast

from CNBC

Bidding wars in a pandemic? Housing is heating up fast CNBC After the housing market nearly shut down in April, competition is back with a fury. States are loosening social distancing restrictions and homebuyers are rushing to open houses again. The trouble is, they’re not finding much to buy. The coronavirus pandemic caused a historic drop in the supply of homes for sale that was already pretty meager. New listings had dropped by half during the second weak of April, compared with a year ago, according to real estate brokerage Redfin. READ MORE

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