“Are buyers being manipulated into overbidding for the relatively few attractive homes on the market?” a recent TIME magazine article asks.
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Another home-price index shows housing values posting large gains, rising by the largest amount year-over-year since 2006.
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More than half of Americans — 51 percent — say they expect home prices to increase within the next year.
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The home builder says its average sales price has surged 24 percent year-over-year because it’s targeted the “right markets.”
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Mortgage applications were on the rise last week, with applications for home purchases — viewed as a leading indicator of future home sales — moving up to their highest level since May 2010.
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Federal legislators recently introduced a bill that would extend foreclosure protections to enlisted persons who bought homes after going on active duty.
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