The Daily Money: Buying or selling a home? Bidding wars are back

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The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Thursday, July 23 Happy Thursday, Daily Money readers! It's Brett Molina back again to deliver the morning's Money and Tech headlines for Friday Eve. Despite a recession and a pandemic, it appears buyer demand for homes has surged. As a result, bidding wars on homes available for sale are back. Great news if you plan to sell, but not so much if you're in the market to buy.  Notice that credit card you haven't used in a while has a lower limit, or has been closed altogether? A survey by LendingTree found nearly 1 in 3 cardholders said they had their credit limit reduced on at least one card in the past 60 days. As the recession caused by the pandemic lingers, banks are cutting back on potential risks. Finally, add the parent company of Ann Taylor and Lane Bryant to the growing list of retailers tied closely to shopping malls that have filed for bankruptcy protection. Need more Money and Tech headlines? Keep scrolling. Brett Molina, Money/Tech editor Despite the recession, bidding wars are back You'd think bidding wars would ease up when the economy is sluggish, but guess again. Prices on homes for sale are steady and buyer demand is up. Ann Taylor parent files for bankruptcy, closing stores 52M Americans filed jobless claims in 18 weeks Banks cut credit card limits to limit risk Civil rights groups send Zuck 'Dear Mark' video Apple ranks No. 2 for career development, survey says Will my benefits shrink? Your questions answered Missed housing payments are on the rise across the US Have sheet cakes returned to Costco stores? Your next Amazon order might come in a new box   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102