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Real Estate
Reply to "I think the bubble is popping."
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[quote=Anonymous]Houses that enter the market now are more likely to be listed based on the recent higher sold comps. The crazy bidding wars hit in a sweet spot where enough buyers have lost out so are willing to stretch their budget and the listing price straddles two different groups. When houses start being listed at the higher amount, it scares off the people who are stretching their budget so the people within budget doesn’t feel the pressure to go so high over list. [/quote]
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