- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
Cover story: Failed contracts distort statistics on home sales
“In a hot market, buyers will do anything to buy a home. They’ll take a home on a busy street with a bad kitchen and purple shag carpet that smells like fish. But today’s transactions are taking so much longer, and buyers are so skittish that sometimes they just lose interest and back out.”
Because many homes are going under contract multiple times, there actually is a limited supply of available homes in popular communities these days.
“There is a lack of inventory in the District and close-in markets,” Ms. Worthington said. “We have very little inventory, and we are seeing multiple offers - two to five multiple offers are common on homes that are priced correctly.”
Fewer than 19,000 unsold homes were available to buyers at the end of last month. Because many of those are short sales and foreclosures, and many of them are properties that have been relisted one or more times, the number of “normal” homes for buyers to choose from is actually quite small these days.
And if buyers remain as active as they were last year, the shortage of inventory we have today could set the stage for a 2012 real estate market when home sales, and home prices, actually rise - no matter which data you look at.
TWT Video Picks
Taxpayers must pay the freight for over-budget train projects
- Kim Jong-un calls for execution of 33 Christians
- Rand Paul wins 2014 CPAC straw poll, Ted Cruz finishes a distant second
- Bill Clinton cashes in on struggling nonprofit hospital
- Vietnam says it may have found door of missing Malaysian jet as intel look into stolen passports
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- Bill Clinton poses for photo with Bunny Ranch prostitutes
- High schooler suing parents for money shot down by judge
- Italy outraged over U.S. gun dealer's 'David' ad
- Why Malaysia Airlines jet might have disappeared?
- CPAC 2014 straw poll results
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again