Re:Making sense of what’s going on in the housing market
by robotron on Wednesday April 21, 2021 @02:07PM
(#26893301)
My two-layers out suburb of an attractive city had a coworker sell their starter-esque home purchased a few years ago for $350k sell for $620k-ish in the matter of three days. Meanwhile, I'm languishing hoping to buy my first home before I'm too old. About to permanently give up.
Re:Making sense of what’s going on in the housing market
by yardie on Wednesday April 21, 2021 @11:55AM
(#26891315)
> Not around here.
If the builders haven't locked in their supply chain yet you'll see it in the coming months. At the moment there is very little slack in the supply chain.
Re:Making sense of what’s going on in the housing market
by commandlinefan on Wednesday April 21, 2021 @05:14PM
(#26895535)
> My mother's neighbor sold their house within 2 hours of it going on the market
I have to wonder, though - where are the people who are selling their homes moving to? They're stuck in the same insane buying spiral everybody else is.
This is an understatement. My mother's neighbor sold their house within 2 hours of it going on the market and for $20k over the asking price just last week. There are realtors asking around my neighborhood if anyone is getting ready to sell because there are buyers looking to purchase in here. This is even with developments going up like crazy. This is in a northern state away from the big cities.
> Also, inventory is drying up because construction has been heavily affected by the pandemic.
Not around here.