Home price gains bring sellers off the sidelines

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 · Home prices continue to bounce back in Twin Cities metro. Figures from the Minneapolis Area Association of Realtors show the median home price in the 13-county metro climbed to $175,000 in October — up nearly 15 percent compared with the same period a year ago. MPR reports October was the eighth straight month of price gains.

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.

Faced with a limited number of choices, buyers may be deciding to sit on the sidelines and wait for something better to come along rather than settle for a home that. that prices seem to be.

Home price gains bring sellers off the sidelines By ELLIOT SPAGAT Associated Press. bringing them off the sidelines of the nation’s surging housing market and offering relief to buyers who are.

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.

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"Prices are going up so fast that I don’t know if I can," she said. The huge price increases produced an unexpected retirement gift for Larry and Diane Plaster, 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 accepted an offer for $290,000.

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I have been talking about this for months.. Price increases are in a mini bubble. not one that is going to burst, but rather just quit inflating so quickly.. Here is an article explaining why SAN DIEGO (AP) – July 8, 2013 – Robert and Emerald Oravec were itching to sell their condominium late last [.]

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