Navigating a housing market that's gotten so competitive, it's "nuts"
CBSN
Competition in the U.S. housing market is fierce this spring buying-and-selling season, with surging demand and record-low inventory of homes for sale. For homeowners who have been considering selling their properties, the time could be ripe to jump into the market.
"The inventory levels are so low that we are seeing houses sell as quickly as in 20 days on average. So that's nuts," CBS News business analyst Jill Schlesinger told CBSN, referencing to February data from the National Association of Realtors. In the same month last year, properties stayed on the market for an average of 36 days. As for inventory, the number of homes on the market is down almost 50% year-over-year, while 36% of homes sold above list price, according to real estate brokerage Redfin.An Arizona grand jury indicted 18 people Wednesday in the ongoing investigation into an alleged attempt to use alternate electors after the 2020 presidential election as part of a wider alleged conspiracy to falsely declare then-President Donald Trump the winner, the state's attorney general announced.
Almost four out of every 10 people in the United States live in a place where air pollution is considered bad enough to put their health at risk, the American Lung Association warned in its latest "State of the Air" report released on Wednesday. That proportion of people — about 39% of the population — had risen sharply since earlier rounds of pollutant data were analyzed for the annual report last year, and the trends were especially pronounced in certain parts of the country.