Low housing inventories in many markets have sparked bidding wars that have pushed home prices up higher than recent comparable sales. But low appraisals then threaten to derail the deals, agents say.
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The growth of off-market listings has prompted some real estate agents to speak out.
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Some home buyers may rethink paying a premium for beachfront property following the devastation from Superstorm Sandy.
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Police have charged a Connecticut real estate agent for allegedly stealing a competitor’s for-sale signs.
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“Fixed mortgage rates continued to ease somewhat this week to record lows and should help the ongoing housing recovery,” says Freddie Mac’s chief economist.
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With multifamily housing back on its feet, NAR Chief Economist Lawrence Yun said the more hopeful tone in Washington may pave the way for a full commercial recovery.
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