Redfin: Homebuyer competition eases as housing market cools

As the housing market continues to cooling, homebuyers across the country are benefiting from declining home prices and rising inventory. In fact, according to recent data from Redfin, housing market competition is easing, therefore permitting homebuyers to close on homes faster than previous months. “With more homes on the market, prices growing at a slower rate and even falling in some markets, and less competition from other buyers, finding a home is a lot less stressful this year than it has been in recent years,” Redfin writes. “When a buyer finds the home they want to make an offer on there’s now a greater chance that their offer will be the only one and that the seller will accept it.”