More home buyers are walking away from signed contracts – According to the National Assn. of Realtors, 1 in 6 realty agents polled in June reported having signed contracts canceled before closing, up from just 1 in 25 the month before. The surging numbers of pending short sales clogging local markets are another cause of contract cancellations…
Debunking popular real estate myths – Read about popular misconceptions and myths
Home prices rise again, but experts are unimpressed – The Standard & Poor’s/Case-Shiller index of home prices in 20 metropolitan areas rose 1% from April to May. Some economists dismiss the uptick as seasonal.
Homeowners who want to trade up are stuck waiting – Before the bust, rising prices fueled the housing market, enabling buyers to start small and climb the ladder. Now that promise of upward mobility is on shaky ground and many potential sellers are underwater and can’t afford to sell