After the tech bubble burst, people were leery about putting money into the stock market, and instead poured money into housing. It was easy to get financing — too easy, as it turned out. The inventory of homes for sale was low, and demand was high. When the demand is high and supply is low, [...]
Q: My daughter and her husband-to-be, who are both 21, are trying to buy a house and have put many offers in on various homes. They already are preapproved for the amount they need.
Every time they put an offer in, even on houses that have no other offers, and that have been on the market [...]
Pending home sales were up 13.6 percent in California from December to January, with distressed properties accounting for more than half of pending transactions, according to a new index compiled by the CALIFORNIA ASSOCIATION OF REALTORSĀ®.
C.A.R.’s pending home sales index surveys more than 70 REALTORĀ® associations and multiple listing services, and uses 2008 sales levels [...]