Home buyers have accepted the new normal of 7% mortgage rates, but now they’re feeling a sense of déjà vu as real-estate is back to being a competitive sport in many parts of the U.S.
At the beginning of this year, buyers were still holding on to hope that mortgage rates would go down — they didn’t — and business waned for real-estate agents like Aaron Lanning, a real-estate agent with Century 21 based in Menifee, a city in Riverside County, Calif.
“Business…
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