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Bidding Wars, Outdated Appraisals Hamstring First-Time Homebuyers
Orange County Register, Nov. 12, 2020–Jeff Lazerson
It’s like quicksand for most first-time buyers. Bidding competition is as fierce as ever. Larger down payments and all-cash buyers are winning those bidding wars. No-sale again and again. (MBA mention)
https://www.dailybulletin.com/2020/11/12/bidding-wars-outdated-appraisals-hamstring-first-time-homebuyers/