By Swapna Venugopal Ramaswamy | Arizona Republic
The share of respondents who believe it is a bad time to buy rose to 66% in September, up from 38% a year earlier.
The median existing-home price reached $352,800 last month, up 13% from a year earlier.
Amber Otto hadn’t considered buying a home with any urgency until the pandemic forced her to start working out of her 630-square-foot apartment in Seattle last year.
In the last 18 months, she’s seen more than 50 homes in the $300,000 range, made offers above asking price on four of them and been shut out of several more as bidding wars drove prices out of reach.
