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The housing market’s latest problem: Lack of inventory

Posted on 29 June 2012

While it’s still unusual for non-distressed homes to fetch more than their asking prices, the transaction sheds light on the buying frenzy (at least compared to the past four years) taking hold in many of America’s most sought after neighborhoods.
Realtors in various markets across the country report robust increases in the number of transactions transpiring. In some areas, prices are beginning to tick up in response………………………………………..Full Article: Source


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