With the housing rebound in full swing, “pocket listings” are growing in many parts of the country, but this development has raised questions over its ethics among some in the industry.
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Home prices are rising at the fastest rate in years, with some areas even seeing double-digit increases in values. Housing experts say it comes down to a supply issue.
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Mortgage applications climbed 2 percent last week as several key interest rates dropped, the Mortgage Bankers Association reports.
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Blackstone Group, the nation’s largest private real estate owner, has bought up 24,000 homes across the country in just one year. And the company has recently turned its attention to the Sunshine State.
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Nearly 40 percent of smart phone users don’t take basic security measures such as installing a password on their phone, according to a large-scale Consumer Reports study.
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The vacation housing market is looking bright these days in part because of favorable economic conditions, but second-home sellers attribute the increase to strategic marketing as well.
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