In your area?

Here houses are flying off the market. I must have seen a dz this week and by the time I got home the houses were pending. Mind you, these were listed the night before

Similar around here. My wife and I sold our house in the "city" of Green Bay to move out into the country. Looked for a new house for a couple months and had to up our budget a bit to find something in the school district we wanted, but it took a month or so to sell ours. I have seen houses get an accepted offer within 24 hours around here though.

Sell high....you have to buy high

Houses sell very quick around here, often there are several bids the first day they are listed.

Keith

I’m just south of the city of Ottawa by about 80km, they get into bidding wars there, often paying 20% over asking. Where I live, a simple bungalow on a 1acre lot is around 350,000. Farm land that is cleared / tile drained is 15,000 per acre

Median home price here , $462,000.00


Stupid

Are you near Bend or Redmond?

5 years ago. A 2400 sq. foot brick home in town, was 160000. For the same house is over 325000. Crazy. But, it’s slowing down now. We also have a lot of home less. The rent went up too!

A house that I owned 12 years ago just sold for 280K, it's a one bedroom 800 sqaure foot house built in 1942, about 30 miles south of Seattle. It is probably the least expensive hosue that sold in King County in the past several months. I'm sure the median house price in the County is now in the high six figures. Seattle proper is probabl close to a million.

House prices have tripled here in the last 10 years...the Toronto people have figured out that they can live here much more cheaply and they're running prices up. Of course, people here are using the opportunity to treat their house like an ATM and remortgaging right to the hilt... people have already forgotten 2008

Unreal
1988 We bought our first house for $16,900.00

Most of the houses in the metro area (3 counties) here are over 225k and that's maybe 1200 sq ft and 0.10 acres.
You can find houses under 200k but even in very rough shape they are flying. Saw one that needed at least 75k worth of work it was pending that afternoon.

Last month my neighbor listed on a Thursday less than 24 hrs & 6 offers later they accepted for over listed price.

Yes , both

Market is strong, but selective. Average price in our area is about $170 K. Older starter homes are the hardest to sell as even most young couples don't want to own those, they will rent instead. We have lots of 2-3 bedroom rentals that cost far more than many older smaller homes. We are also seeing a lot of older boomers buying condos and selling their homes they have had for 30 or so years.

Bryce

Housing prices around here are hot, probably too hot. My supposed market value has increased 21% in 9 years. The Soo Foo metro pretty much survived 2008 without much fuss, although the building ans selling in this neighborhood slowed around a bunch. The "Phase II" of my subdivision are houses almost all priced noticeably higher than ours. I'm sort of shell shocked but then did the math quick, and yeah, on paper, 2 full-time RNs could get into one of these new houses with only about 30+% of their take-home tied up. But, one better not lose their job, or get sick for an extended time, or try to sell when the bubble breaks. It might not be so rosy!. I figure by the time I leave this house and try to downsize, I'll own about 25% of a local school teacher. We'll see...

bought ours in 97 for 90.000 government says its now worth 324.000. no way, its 1500 square foot one car garage. its all about the taxes!! its been payed off for a good while but still.........

1990 for me and paid 12,500.
the family farm with 2 houses,its outbuildings,and 50 acres was just jaw droppingly appraised for insurance purposes.still just the family farm to me.

Inflated prices and loans being given out like candy. Hang on, this probably won't end well for many.

the communists are insisting, again, that banks should loan money to people with inadequate income and poor or no payment history, no down payment money.

im thinking bail out #2 in about ten years. If trump wins re-election we will likely give the communists a turn again when his second term is up. would be a good time to sell then wait for the crash to buy Im thinking. If you sell now you will have to wait to long. I dont think forcing banks to loan is going to happen any time soon.

FWIW I think if Trump loses in Nov. the stock market will plummet as soon as it is announced.