The Fed just made life even worse for home buyers

Source: Jonnelle Marte, Washington Post (Paid Registration)

Buyers are facing a competitive market in which they need to move quickly, bid high and make other concessions if they want to land the deal, real estate agents say. And for every month that buyers strike out, the combination of rising home prices and higher mortgage rates can add hundreds or thousands of dollars to the cost of the home.

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