9 percent, pushing the median price for existing homes up by $30,000, to $215,000.
For people who have waited to sell their home or refinance their
mortgage, that's good news......
What's ahead
In 2013, a sense of urgency drove traditional buyers hoping to take advantage of still-affordable home prices and historically low mortgage rates. Buyers found selection limited and were often forced into bidding wars with investors and other buyers who paid cash.