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Yup. Every house that comes in the market in my area as well as my parents area, if priced right it goes in a couple days if even and in some cases for more than asking. Basically free money so people are buying.
And the irony is that most of south shore vulnerable to flooding in the event of a super storm.
Chief
It’s all about location - flying off the shelves in the NYC burbs.
I wonder how people moving out of NYC to suburbs would impact NYC prices? Looking to buy in queens but inventory seems low and very overpriced
Not mine, been on the market in Atlanta since March. It's nice and well maintained. In-line with all the comps on the market.
Enthusiast
What's the MLS #? :)
Pro
This is true in my mid size city, but more for home $400K or less. Homes more than that aren’t snapped up quite as quickly.
When I was looking in May in the Boston area every place I looked in my budget (600k-800k) was getting snapped up in less than a week with multiple cash offers. It’s crazy out there.
Enthusiast
LA is about as much of a seller's market as could be right now. It's insane.
Meanwhile developers in my area are unable to unload their underbuilt shit boxes and are updating price concessions in a monthly basis.
Existing well built homes are flying off the shelf.
45 million unemployed people. Anyone who thinks housing prices won’t go down are crazy. Give it 3-6 months and shit will hit the fan.
Unless they understand how interest rates affect quantity demanded