It is a seller’s market these days for homes across the top U.S. metro areas. Home prices have been rising – up 8% from 2017 – and homes are shifting fast as inventory and days on the market are down according to recent data by 8% and 7%, respectively. That said, home ownership for many remains a distant pipedream.
Consequently all this is putting pressure on prospective homebuyers to settle deals quickly before opportunities to purchase dry up. Fortunately for buyers all is not lost, even if they do not have the proverbial mom and dad lending them a big hand – aka the bank of mom and dad.
Read full news article on Forbes.com