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Tight U.S. housing market forcing prices up

Posted on 12 April 2013

The number of homes listed for sale ticked up by 2.4 percent in March from February but remained down 15 percent from a year ago, new data show. The low inventory of homes for sale in many markets is helping drive up prices and is being closely watched as the spring selling season takes hold.
“The newest data shows that the outlook is optimistic for the overall real estate recovery,” said Steve Berkowitz, CEO of Move, which operates Realtor.com. “Things are slowly picking up steam.”……………………………………….Full Article: Source


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