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Housing market heats up — and it’s just getting started

An interesting article from CNBC about the national housing market.

John W. Schoen | CNBC | July 30, 2013 at 3:02 PM ET

If you tried to buy a home in Phoenix a year ago, you probably would have been able to land it for well under the asking price.

Those days are gone. In a city that was hit hard after the housing bubble burst in 2007, you’re more likely to encounter a bidding war for that split-level ranch on the cul-de-sac you had your eye on.

Prices have leapt 20 percent in the last year in Phoenix. Real estate agent Tucker Blaylock says they will keep rising as long as interest rates remain near historic lows, thanks to the Federal Reserve. Read more…

More About Buying A Home:
Florida’s Housing Market Shows Momentum
Housing market heats up — and it’s just getting started

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