American homebuyers are becoming more successful with contingent offers

Real estate brokerage company Redfin claims that 14.6% of successful offers submitted by its agents waived an inspection contingency in May. This total is down from a whopping 19.8% during the same time period last year. Redfin Chief Economist Daryl Fairweather said this is because sellers are now more willing to give buyers what they want because they don’t have as much negotiating power as they did a year ago.