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NEW YORK (AP) — Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000. Tomcak became dispirited as he lost out to investors fronting cash offers $100,000 over the asking price.
NEW YORK -- Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000.
Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000.
Across the country, people are abandoning their plans to find a new home this year.
The housing market chills as rising mortgage rates and home prices scare buyers. Continue reading at realestate.boston.com.