The housing market
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(behind a paywall, so all I saw was the headline an a blurb...)
Apparently half of all US home listings sell within seven days of being listed.
Wow.
@george-k It's INSANITY where I live.
In my neighborhood things last for about a day.
A house 2 houses over was listed for 15% over what it sold for 2 years ago. Then it went for 17% over that list price.
I get about a call a week from random real estate agents just asking if I want to sell my house. Cold calls.
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I bought (well, went under contract on) a house without ever stepping foot in it. That was Day 2 of it being listed. We close on 4/16 btw.
My parents listed their house on Thursday 4/1, and were under contract on Saturday 4/3.
Yeah, feels like a bubble. Also is fueled by really low rates, and pandemic-related demand for home changes. Bubble or not, I’m buying for the next 30 years so I’m personally ok with how things shake out.
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