| With the real estate market gaining solid footing across the country and interest rates holding near record lows, many consumers are taking the leap into home ownership.
In recent years, homes have been selling for less than the true value or replacement construction costs, according to Walter Molony, spokesperson for the National Association of Realtors. “Even though prices are up, they’re still below their peak.” But real estate is very local—some markets are experiencing price drops while bidding wars break out in other areas of the country. ..............................................Full Article: Source
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