Pursuits
Home Price Rebound Creeps Into Policy Debate of Bubble-Wary Fed
- San Francisco's Williams cites need to get out ahead of prices
- House price to rent ratio has risen back at 2003 levels
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Real-estate broker Warren Teller watched as the housing market in Richmond, Virginia, slowed dramatically eight years ago. Today, he’s witnessing a reversal.
“We’re in the best position that we’ve been in since probably 2006 and 2007,” said Teller, 41, who’s even seen bidding wars and appraisal-topping purchase prices. “As far as prices, we’re back on track with where we were before the bubble burst, and as far as inventory, we’re down.”