[IN-DEPTH] Springtime in real estate: What to look for

SpringtimeBy Erin Carlyle | Forbes

Spring is house-hunting season. The months of April, May, and June typically account for 40% of all home sales for the year, according to Freddie Mac. And this year, sellers have the advantage—in some parts of the country, by a lot.

Home prices are going up. Wages aren’t keeping pace. And the housing supply is tight, driving prices up even faster. Lately as many as 40% of homes have sold at or above listing price, according to data from the National Association of Realtors and RealtyTrac, an Irvine, Calif.-based data firm.

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