• Homes in America are selling at a record pace, and the implications for buyers and sellers are significantly different

    3 monthes ago - By Business Insider

    Homes are spending the shortest time on the market in the eight years Trulia has been keeping track.
    That's great for sellers who want to close quickly, but has created lots of competition and bottlenecks for buyers.
    Most of the competition is in big cities on the West Coast.
    Homes in America are selling like hot cakes, with the exception of some properties in the luxury market like the $19.75 million " Versailles in Manhattan " nobody wants to buy.
    The time it takes for a house to go from listing to sale keeps falling, because there are's an abundance of buyers waiting to pounce and even...
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