The housing market is in full swing, but if you’re a buyer, you know it’s already hot out there. Very tight supply in markets across the nation is leading to bidding wars. Half the homes sold by real estate brokerage Redfin in the past three months had multiple offers. One-third of all U.S. properties sold in March went at or …
Inventories Down & Prices Up, What’s A Homebuyer To Do?
Home prices are up 9% on a year-to-year basis, according to Realtor.com, and that’s certainly good news for owners. But with prices up and inventories thinning, it doesn’t appear to be good news for buyers, even as consumers flood the market looking for a new home. Here’s the deal: Realtor.com says median home prices are up to $225,000, with the …