Housing market's turnaround creates challenges for buyers, sellers

03/21/2013 | New York Times (tiered subscription model), The

The housing market rebound, combined with a low inventory of homes for sale, is leading to bidding wars among buyers and price spikes in some areas. The situation leaves some sellers reluctant to list their homes out of fear they'll sell before they can secure a new home, which is keeping inventory low. Meanwhile, builders are struggling to hire enough workers to meet the demand for new construction.

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