Bidding wars are brewing again in more housing markets, and buyers are finding themselves up against increased competition in snagging a home.
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Some housing experts are blaming the bad weather in February for the temporary blip to the new-home market’s recovery.
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The real estate industry’s anxiety over the threat distressed homes pose to the recovery has lessened over the past few months thanks to a reduction in the shadow inventory.
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Hispanics leads the surge in U.S. home ownership and also make up the fastest-growing group of first-time home buyers, according to a new report.
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As mortgage rates eased last week, more home buyers and owners took advantage.
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February pending home sales flattened with limited buyer choices, but remained at the second highest level in nearly three years, according to NAR.
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