Yeah here in the area of Texas where I live, every home is sold through a bidding process. Most homes have 20+ bids and sell within 24-48 hours. They usually do this on the weekends. I am good friends with a couple, who I consider very upper middle class (both young doctors) that have bid on 12 homes so far and still haven't landed one.
True. Not much on the market here. I'm getting "we'll buy your house" calls several times weekly. The small homes in my neighborhood are sold almost immediately, then turned into rentals. Probably over half are rentals now.
I heard supply is way over demand right now. Bubble 'but to burst.
Depends on what areas. It’s super hot in the red states
Yeah here in the area of Texas where I live, every home is sold through a bidding process. Most homes have 20+ bids and sell within 24-48 hours. They usually do this on the weekends. I am good friends with a couple, who I consider very upper middle class (both young doctors) that have bid on 12 homes so far and still haven't landed one.
True. Not much on the market here. I'm getting "we'll buy your house" calls several times weekly. The small homes in my neighborhood are sold almost immediately, then turned into rentals. Probably over half are rentals now.