But some real estate brokers think the market may be loosening a little and buyers may be starting to get a little more power.
Prices climbed 11% year over year in metro areas, driven by the limited number of homes for sale and low mortgage rates.
And that makes it harder for everyone to move up the housing ladder.
Fewer people might take out home equity loans as a result.
It’s all thanks to ITINs — individual tax identification numbers.
Don’t give up on that dream of a white picket fence just yet.
Traditional lenders have shied away from financing the trendy homes, but that could change next year.