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Survey: Buyers think market is shifting against them

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A survey of 982 prospective buyers in 19 markets by tech-based brokerage Redfin shows an increasing conviction that home prices are on the rise, and a growing reluctance to get into multiple-offer situations."Many buyers who emerged from hibernation this spring eager to take advantage of low rates and near-bottom prices now seem to have become demoralized by the intense competition for a limited selection of homes for sale," the company said today in releasing the results of the survey, which was conducted Aug. 16-22.Seven in 10 of those surveyed said they'd encountered competition on at least one offer, and 31 percent said they'd back off when faced with multiple-offer situations, up from 28 percent during the second quarter. While 46 percent believe now is a good time to buy, that's down from 56 percent during the first quarter. And 32 percent think now is a good time to sell, up from 13 percent during the first quarter -- further evidence that would-be buyers think the mar...