To summarize the article. Home Values are increasing so current home owners are holding on watching their equity grow. The interest rates are rising so now is a good time for people to buy.
key points....
The number of sales listings has dropped 6.1 percent over the past year to 1.85 million. That forced would-be buyers to act quickly and sign contracts on average in just 26 days. It also pushed up **home values** as the median sales price in May rose 4.9 percent from a year ago to $264,800.
The number of sales listings has dropped 6.1 percent over the past year to 1.85 million. That forced would-be buyers to act quickly and sign contracts on average in just 26 days. It also pushed up **home values** as the median sales price in May rose 4.9 percent from a year ago to $264,800.
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