Reply to I think the bubble is popping.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have seen some homes on my Redfin feed marked "contingent" rather than "pending" which I found interesting.

Wonder if that means the sellers are allowing a home inspection?  Or contingent on the buyer's  home sale which seems very unlikely.[/quote]

They are.  We just put in an offer with all contingencies.  There were zero offers competing.  Only offered at asking price too. Nothing over.  Market is absolutely cooling.  Sellers will have to take contingencies if they want to be competitive.  The inventory is the most I've seen in a long time. And we were looking for quite some time. [/quote]

What price range, if you don't mind sharing?[/quote]

Please share the location as well if you dont mind.[/quote]
I have not seen any indications of inventory for THs or detached SFHs increasing. In fact, all data suggests that it is down significantly everywhere. The only inventory that is up right now is condos. That inventory is rising significantly. 
https://b386363e680359b5cc19-97ec1140354919029c7985d2568f0e82.ssl.cf1.rackcdn.com/ckeditor_assets/attachments/root/Market_in_a_Minute/June2021/275362/NorthernVA_June2021_StatPak.pdf
[/quote]

I'd be okay with a condo if it weren't for the condo fees. I have zero intention of purchasing a condo for a half million dollars and then also being on the hook for $800/mo+ for the rest of my life.[/quote]

1) Most condo fees are lower than $800/month, and 2) you're already on the hook for repairs and maintenance covered by condo fees, it's just paid via lump sum in the case of homeownership instead of smoothed out over the tenure of your condo ownership. Maybe avoiding ~500/month in condo fees helps stretch your budget and take out a larger mortgage, but then you're house poor when your roof needs to be replaced.[/quote]

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