By Matthew Power. Home prices just keep getting higher, but buyers may get harder to find, according to a new report from HomeGain real estate service (www.homegain.com). It notes that the gap between the price online sellers hope to be paid for their homes and the price buyers are willing to pay is the largest it has been in a year. That difference of opinion hit $126,000 in June. According to HomeGain, the poor performance of the stock market has boosted demand for investment homes among boomers, who see real estate as a safer place for their money--but supply can't keep up with demand, so sellers keep raising the bar and waiting for deep pockets.
Source: Inman News Features