Desperate buyers are going to extremes to land a home
With the inventory of homes for sale historically low and prices higher than ever, the battle to buy a home has been taken to a whole new level.
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With the inventory of homes for sale historically low and prices higher than ever, the battle to buy a home has been taken to a whole new level.
ATLANTA (CNN) — With the inventory of homes for sale historically low and prices higher than ever, the battle to buy a home has been taken to a whole new level. The number of available homes to buy in April dropped by 40% from a year ago and 50% from 2019, according to Redfin, driving prices up 20% from last year. Home sales in 2020 were at their highest level since 2006, according to the National Association of Realtors, and sales might be higher now if there were more homes to buy. With such fierce competition, what does a wannabe home buyer have to do to land a house?
'We felt so hopeless': Desperate buyers are going to extremes to land homes in fierce market Updated: 2:40 PM CDT May 6, 2021 Anna Bahney, CNN Business Share Updated: 2:40 PM CDT May 6, 2021 Hide Transcript Show Transcript FOR SELLERS. IT SOLD VERY FAST FOR CARRIE WALKO AND HER FAMILY. THE PROCESS COULDN’T HAVE BEEN EASIER. SHE AND HER HUSBAND PUT THEIR HOME OF SEVEN YEARS ON THE MARKET WENT AWAY FOR A LONG WEEKEND AND WHEN THEY GOT BACK NOT ONLY WAS IT SOLD BUT FOR WAY OVER ASKING IT WAS LIKE, YOU KNOW, WE HAD OUR PRICE AND THEN THEY YOU KNOW, IT’S WELL OV...