The prospect of higher rates is fueling a seller’s market
By AnnaMaria Andriotis, MarketWatch
Patience seems to have paid off for those who’ve postponed putting their homes on the market until this year, real estate analysts say. They stand to pocket the kind of profits not seen since the housing boom.
Prices surged more than 10% in many markets last year, bidding wars are once again common, and homes are routinely going for well over the asking price in some cities. These trends make it seem like a return to the go-go days of the housing boom.
Single-family homes were selling at an average price of $244,300 in November, up