Red-hot home prices have more consumers saying now is a bad time to buy

People wait to visit a house for sale in Floral Park, Nassau County, New York.

Wang Ying | Xinhua News Agency | Getty Images

Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule.

Demand for housing has been unusually strong, due to the coronavirus pandemic, and supply is historically lean. That is a recipe for high prices, which are now beginning to take their toll on potential homebuyers’ confidence.

The share of buyers who say they think it’s a good time to buy fell in September, from 59% to 54%, according to a new survey from Fannie Mae.

Home values were up nearly 6% annually, according to CoreLogic, a data analytics firm. More consumers now expect those price gains to grow.

The percentage of respondents to the Fannie Mae survey who says prices will go up in the next year increased

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Red hot home prices have more consumers saying now is a bad time to buy

  • The share of buyers who say they think it’s a good time to buy fell in September, from 59% to 54%, according to a new survey from Fannie Mae.
  • More people do think now is a good time to sell a home, which is an improvement from the first months of the coronavirus pandemic, when potential sellers didn’t want shoppers in their homes and worried about the state of the overall economy.



a group of people standing in front of a building: People wait to visit a house for sale in Floral Park, Nassau County, New York.


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People wait to visit a house for sale in Floral Park, Nassau County, New York.

Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule.

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Demand for housing has been unusually strong, due to the coronavirus pandemic, and supply is historically lean. That is a recipe for high prices, which are now beginning to take their toll on potential homebuyers’ confidence.

The share of

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Always Home Cam: Amazon’s robot drone flying inside our homes seems like a bad idea

I actually had to double-check my calendar to make sure today wasn’t April Fool’s. Because watching the intro video of an indoor surveillance drone operated by Amazon seemed like just the sort of geeky joke you’d expect on April 1.

But it isn’t April Fools, and besides, Google has always been the one with the twisted sense of humor. Amazon has always been the one with the twisted sense of world domination.

This was a serious press briefing. None of the Amazon execs presenting even went so far as to crack a pun. Other than Bezos’ maniacal laugh, you rarely ever see an Amazon exec even chuckle.

So the $249 autonomous Always Home Cam announcement wasn’t a joke. It’s an upcoming product expected in 2021. And, as much as it scares me and is likely to scare my wife (and it’s probably going to scare the dog), I think I

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Real Estate Q&A: Is it a bad idea to buy a foreclosed home? – Lifestyle – providencejournal.com

Q: We are looking at a home in a great neighborhood but are nervous because the house was foreclosed by the bank, which is now selling it. Is this a bad idea?

— Jackie

A: Foreclosed homes sold by lender’s “REO” or real estate owned department can be bought at a favorable price, but there can be some downsides.

The same can be said for foreclosed homes bought by real estate investors on the courthouse steps.

If you take these potential issues into account, you could end up paying an excellent price for your new digs.

REO purchase contracts are very one-sided, so be sure to review the terms carefully. It would help if you also considered that your seller never lived in the home and might not have even visited

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The Median U.S. Home Value Has Reached a Record High — and That’s Bad News for Buyers

A real estate agent shows a couple with an infant a house.

Image source: Getty Images

With the U.S. economy in a recession, you’d think home prices would be on the decline. But that’s the opposite of what’s going on in the housing market.

The median price of existing home sales in August hit a record high of $310,600, according to the National Association of Realtors. Furthermore, it took just 22 days on average to sell a home in August. How’s that for defying the odds?

Why are home prices soaring?

The reason sellers command such high prices for their homes today boils down to low supply and high demand. Many sellers have held back on listing their homes during the coronavirus pandemic. As a result, there’s less inventory for buyers to choose from, so those who want to purchase homes must pay a premium. Many buyers are engaging in bidding wars, thereby paying well over sellers’ asking prices.

Of course, the

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