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Should you buy a home in the hottest market ever? Huge gains can’t continue, experts warn

[Bankrate, Getty Images] The U.S. housing market is on an absolute tear. Month after month, prices break new records. Sellers are ecstatic. While buyers can revel in mortgage rates near all-time lows, that’s about the only upside to shopping for property in this market. If you’re considering buying a home now, the soaring prices raise an obvious question: Should […]

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The wealthy and Wall Street ruined the housing market for everyone else. Millennials aren’t helping, either.

[Business Insider, Getty] Rich Americans, millennials, and Wall Street are keeping US home prices permanently higher.Demand is strong as the wealthy and investors scoop up homes at historically high prices.A wave of millennial demand can boost prices even higher, and builders aren’t rushing to step in.The housing market is stuck between a rock and a […]

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76 all-cash offers on one home. The housing madness shows no signs of slowing

(CNN) Ellen Coleman had never received so many offers on a house in her 15 years of selling real estate. She listed a fixer-upper in suburban Washington, DC for $275,000 on a Thursday. By Sunday evening, she had 88 offers. “The offers just kept coming,” she said. “I felt like Lucy with the chocolates. I’m thinking, […]

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