The U.S. housing market has taken a sharp upward turn, trapping homebuyers in a Catch-22: pay significantly more for a property than just a year ago or wait and risk paying a higher interest rate.
Asking prices for existing homes shot up by 10 percent year-over-year nationwide in February because of low inventory and higher demand as a result of rising rents and falling interest rates, the Wall Street Journal reported. [more]










