America’s red-hot housing market shows no signs of cooling off with home prices rising by a record-breaking annual rate of 17.2% in March, according to the National Realtors Association. 

As demand for houses shows no signs of abating, real estate agents have increasingly used a controversial practice known as pocket listings, or “whisper listings,” to connect sellers and would-be home buyers. 

A pocket listing is any home that goes up for sale but doesn’t get listed on an area’s multiple listing service (MLS), which is a private database that real estate agents use to share information. 

TODAY’S 30-YEAR MORTGAGE RATES STAY STEADY BELOW 3%

The number of pocket listings has been going up in recent years, increasing from 2.4% to 4.0% since November 2019, according to an…

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