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Reply to "Will housing prince ever drop?"
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[quote=Anonymous][quote=Anonymous]I just think this has to slow. I’ve been a RE agent since 2008. In all of those years, my buyers found houses. Even in red hot markets, we’d compete against 1-2 offers, with the contract price being full price, and maybe 20k above in a bidding war. I’ve NEVER heard of 20+ offers on marginally livable homes, escalating 100-400k over asking and blatantly accepting that they will be 100k plus under appraisal. How can this continue? [/quote] Exactly. You've been a real estate agent since 2008. This was all very common, even worse in the early 2000s. And prior high appreciation periods before that.[/quote]
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