Prices have begun to rise at a fast pace
Housing inventory has dropped steadily during the past year because of a record number of investors snapping up properties out of foreclosure. Home sales are up 35% from a year ago as more regular buyers have joined investors in the mix. "Prices have begun to rise at a fast pace, and bargains are no longer plentiful," said Mike Orr, director of the Center for Real Estate Theory at ASU. "Most homes that are priced well are attracting multiple offers within a couple of days, and many are exceeding the asking price."
Read article - azcentral.com
3 Housing Trends Emerging This Spring
What can home buyers expect to face this selling season? An improving housing market has made it a different picture in many areas compared to recent years. Here are some trends taking shape in the housing market this spring: 1) Fierce competition; 2) More renters show desire to become home owners; and 3) Mortgages may be a little pricier.
Read article - Realtor Magazine
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