Affordable homes often only on the housing market for a matter of days

Hopeful buyers frustrated by fast moving inventory

Fast moving housing market


Photographer: WPTV
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Posted: 01/08/2013

LAKE WORTH, Fla. - Frustration is growing for some hopeful homeowners hunting in the local housing market. More and more often, affordable homes are only available for weeks, or even days. 

That's what Nicole Dimov has seen since she started searching in July.

"Every house we've wanted to see is gone before we can get there," says Dimov.

Quick turnarounds are becoming the norm according to realtor Gina Mattila. She showed a home in Boca Raton recently that was gone within 10 days.

"It does create a sort of feeding frenzy for buyers. I've been in the business 22 years and I've never seen it like this," says Mattila.

Nicole Dimov says other offers have topped hers on potential homes.

"Two or three, they must've been higher offers, or ours wasn't chosen for some reason," says Dimov.

Now Nicole and her husband Nick put in a fourth offer on a home in Boynton Beach. The bank accepted their offer and they're hoping to close soon.

"If it is what you want, you don't want to lose it. That's what has been most frustrating for me," says Dimov.

Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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