Transcripts for CNN Your Money 20130413 17:41:00 : vimarsana

CNN Your Money April 13, 2013 17:41:00

>> snap is right. because home inventories in those markets have become so tight. that means there aren't a lot of homes on the market. that's because of pent-up demand from home buyers who put up with purchasing until the market bottomed out. the national average for 30-year fixed rate average is less than 3.5%. large investors are also buying up homes and converting them into rental properties and investment vehicles and that's tightening up inventories in troubles markets in places like vegas, phoenix, and atlanta. jennifer westhoven covers money and economy for sister network hln. glad to see you. you're in atlanta. where you are, prices are heating up again. real estate is local but home sellers are finally feeling like maybe they're in the driver's seat for the first time in years. for year. if rates go up another point or so or we see another wave of foreclosures, we could see prices fall again. is the housing recovery real, is

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