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Monday, June 4, 2012

Number of Homes on Market Down as Prices Pick Up

Buyers are battling over tight inventory with for-sale homes that are currently sell up to twice as fast than a year ago and drawing multiple offers.  In certain areas of California, asking prices and sale prices are up significantly from just a year ago.


The market has turned but the big question hoovers over this current market - How high will prices go?  Things have clearly improved but the problems aren't resolved.


Today, home Buyers are taking advantage of record low interest rates and home prices that many more buyers who are making offers.  This is creating current inventory to be low due to properties selling right away. 

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