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House bidding wars fall to a 10-year low

NICHOLAS KAMM/AFP/Getty Images

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There’s some good news for people who are in the market to buy a house right now: bidding wars are at a 10-year low. Redfin, the online brokerage, says just 10% of the offers its customers made last month faced competition. That’s down from almost 40% last October. But with interest rates and the supply of homes for sale both so low, there are signs the reprieve may not last.

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