The red-hot housing market shows no signs of cooling off, and is prompting agents to sell homes off-market by using a controversial practice known as “whisper” listings.
According to the same report that declared this record-breaking market phrase as “red-hot,” houses are under contract, on average, less than a week after being listed. Real-estate listing company Zillow reported that, based on information collected during the month of May, houses are staying on the market just six whole days before being bought.
But mainstream listing companies aren’t home to every piece of real estate.
FOX Business’ Ashley Webster joined “Varney & Co” from Miami Beach, Florida, Thursday, to report on the “whisper listing” phenomenon – an alternative sale method gaining traction, especially in the Sunshine State.