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Home sellers pocket the highest prices in March, while buyers get far better bargains in November and December, said Stan Humphries, Zillow Chief Economist and Co-Author of ‘Zillow Talk.’ Humphries added that while buyers may have an advantage in the winter months, housing inventory is generally at its lowest levels at that time. He said the better-than-expected February new home sales number was likely a result of pent-up demand due to the poor weather in January. Furthermore, he said historically low mortgage rates are making homes relatively affordable, yet prices themselves are moving up slowly especially in popular areas.
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