The Ticker
Low inventory pushes multiple offers on real estate
3/1/13 12:34pm
The raw number of homes for sale is now at its lowest level in over 13 years, according to the National Association of Realtors, and the numbers continue to fall, CNBC reported.
"Every good property I've listed this year has brought 10 to 50 offers and sales prices 10% to 20% over comps," said David Fogg, a real estate agent in Burbank, CA.
