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How to Buy Property In a Hot Housing Market

The housing market isn’t overheated, it’s on fire. Both pent-up post-pandemic demand for homes and a supply shortage has pushed up the median sales price on existing single-family homes up 16.2% year over year during 2021's first quarter, according to the National Association of Realtors. To navigate a seller’s market, buyers will need patience and a willingness to walk away—here are some tips on