Home prices have risen to their highest point since 2008, due in part to an overwhelming amount of demand compared to the amount of houses available for sale. However, that may be changing, as more people have started putting their homes up for sale on home listings to meet this rising demand. As a result, this could have the effect of helping to cool what some see as an overheated housing market.
Continue reading “As Home Prices Rise, House Listings Follow to Meet Demand”
The number of existing homes being sold fell in April, even as home prices continue to rise. According to the National Association of Realtors, the number of home sales fell to the lowest level it has been since before the beginning of the pandemic. At the same time, though, there are many people looking to become homeowners, only to find there is simply not enough available inventory to go around.
Continue reading “Existing Home Sales Fell in April, But Prices Continue to Rise”
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