« It’s really defeating, » one bidder said after losing out on a home despite offering more than the asking price.
Shortly after moving to South Florida for a new job with the U.S. military, Shannon Kaufman and his wife, Wendy, signed up for another mission: buying a home. After visiting 200 listings and making offers on 15 homes that ultimately didn’t pan out, the Kaufmans finally found a home that fits at least some of their needs. They’ll be renting it, however. « We found a place that’s smaller than we want, but it’ll work until we have something built or until the market cools off, » said Shannon Kaufman,47. America’s housing market has grown increasingly frenzied, and prices are out of reach for many buyers, especially first-timers. This spring, traditionally the busiest season for home sales, is more likely to deliver frustration and disappointment for aspiring homebuyers.
