Some metros saw a 20 percent increase in turnkey listings over the past year, with these listings being described as “move-in condition.” Turnkey properties are reportedly more popular on the West Coast, and for luxury residences often include furnishings and art.
Lack of sellers, preponderance of buyers pushing housing prices
Source: San Jose Mercury News
Real estate experts observe that the U.S. housing market currently has too few people selling homes and at the same time too few buyers can afford the homes that are for sale. In addition, higher mortgage rates and higher prices have made homes costlier for first-time buyers as well as for all-cash investors. Read the full story