Rookie Realtor tired of hot market 

Though I've read that sales in a few real estate markets around the nation are weak right now, sales in the area where I work are near all-time highs. The inventory of available properties here is the lowest in history, and homes routinely sell for 5 percent or even more than 10 percent over their asking price.

What this means, of course, is that nearly every home that comes on the market draws multiple offers. That's certainly good for sellers, but it often creates heartbreak for prospective buyers and sometimes forces them to make unenviable, even life-changing choices.  more...