Bidding Wars on Foreclosures
Bidding Wars Emerging on Foreclosures The Federal Housing Finance Agency reported that home prices nationwide rose a seasonally adjusted 0.7% in February from January, led by gains on the West Coast. The Wall Street Journal’s quarterly survey of 28 major metro areas shows that there is still a glut of homes available in most markets. [...]
Real Estate Markets Warming Up
When Hanna and Jim started looking at properties last December, they weren’t all that serious. “One thing led to another and we found a home we liked the look of and decided to pursue it,” Hanna says. “We could not believe the prices that some of the properties were being listed for, especially since the [...]
Home Buyers Kicking the Tires
The National Association of Home Builders today reported in its monthly sentiment survey that builders did see an increase in buyer traffic in February. I’m no psychologist, but I’m interested in what exactly might be the mindset of a potential home buyer today. Do they believe the stimulus package is going to right this economy? [...]
