Realty Check

Trick or treat: The million-dollar home challenge

Source: Paul Theron Silas

Forget flying candelabras and ghoulish apparitions—home prices are the scariest thing in real estate right now. Values are up over 12 percent annually from a year ago, thanks to limited supply and investor demand. 

Foreclosures used to frighten potential buyers, concerned that too much distress in the market would keep downward pressure on prices, but the opposite is the case: Hungry investors are fighting for what foreclosures are left and are in turn bidding prices ever higher.