Surging home sales stir new housing bubble fears | Pound Ridge Real Estate


There are differences between this run-up in prices and the housing bubble that preceded the financial crisis, said Gary Thomas, theNational Association of Realtors president.

“The boom period was marked by easy credit and overbuilding, but today we have tight mortgage credit and widespread shortages of homes for sale,” Thomas said. The improved housing market and mortgage rates still near record lows, despite a recent rise in rates, is pulling buyers back in the market faster than it’s prompting sellers to put homes on the market. Buyer traffic 29% above a year ago, but the supply of homes for sale is actually down 10%, writes CNNMoney.

 

Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Surging home sales stir new housing bubble fears | Pound Ridge Real Estate.

About robertpaulrealtor 914-325-5758

Realtor in Bedford NY specializing in marketing and selling luxury homes and finding the perfect homes for new buyers. Working in Armonk, Katonah, Pound Ridge, Lewisboro, Chappaqua and North Salem. 914-325-5758 robert.paul@elliman.com
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