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Reply to "I think the bubble is popping."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have a family member that just got outbid after going $50k over list for a house between Clarksburg and Frederick. It wasn’t a particularly lowball list price based on comps. It may not be frantic, but it is still nutty out there.[/quote] Yikes, that’s bad. My guess - total guess- is that while there is a frenzy now, there are a LOT of buyers sitting this year out because of the nuttyness and hoping/expecting the market to be much friendlier to buyers next spring/summer. I think we’ll again have a supply/demand issue next spring especially since rates will still most likely be in the 3s.[/quote] I agree with this 100%. My friends are just done with the stress with it. But I don’t foresee listings skyrocketing in the spring either. A lot of people are going to try to diy everything to make it sellable but priced low grade A houses will be rare. And buyers are getting more informed. [/quote]
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