Home price gains bring sellers off the sidelines

Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck.. Home price gains bring sellers off the sidelines.

SAN DIEGO-Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and figured.

"Despite a small increase in inventory, the supply of housing remains tight in most parts of the state and continues to fuel home price. sell, they will have no place to go, given limited inventory.

The region’s median home sale price hit $406,500 in May, up 21.3 percent from a year earlier amid brisk sales, according to DataQuick. Housing inventories remain unusually low.

Home prices. dropped off significantly. And prices have gone so high that they have shrunk the buyer pool, leaving only high-income earners able to compete on most homes. “Buyers in December were.

They owed the bank $194,000 and figured the most they could get was $180,000. When they put their San Diego home up for sale a few months later, they fielded five offers within two weeks.

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Previously occupied home sales. purchases. prices are also rising, which encourages more potential buyers to come off the sidelines and purchase homes. And more people may put their homes on the.

Home price gains bring sellers off the sidelines.. who were resigned in January to selling their San Diego home for less than they owed the bank, known as a short sale. They owed $352,000 but.

SAN DIEGO (AP) – Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and figured the most they could get was $180,000. When they put their San Diego home up for sale a few months later, they fielded five offers within two weeks.

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A strong April, boosted by the tax-credit deadline, kicked off the all-important buying. For people who were on the sidelines, there’s been a return of buyer confidence with stabilizing home prices.

The willing home seller – a relatively elusive breed in metro Atlanta’s fickle housing market – may be reappearing. New home listings jumped 17.2 percent in January compared to the same.

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