[SeekAndFind]

US Home Prices Are Accelerating At The Fastest Pace In 7 Years

[EvilCapitalist]

I could understand if home prices were soaring in the suburbs, or in rural areas, but why would they be soaring in the cities? After last year(Antifa/BLM), I would NEVER consider living in a city.

[Trump.Deplorable]

My house is worth 200K more then it was last year

Homes in my area sell in days, some in hours of listing, sight unseen

New Yorkers are fleeing the city like the rats that they are

[wny]

My daughter looked at a house in suburban NJ. It went on the market Friday $485K, she went to look at it Saturday afternoon, there were already 9 offers tendered. It sold for $625K. I didn’t like it anyway.

[KeyLargo]

I can understand Red state cities, but Blue state cities?

[G Larry]

Yep, January prices up 10% from December, largely due to lumber prices and scarcity of homes for sale.

[Ruy Dias de Bivar]

I still remember when Lying Lyndon Johnson removed silver from the money supply and started printing dollars with nothing to back them.
The prices of houses had been low and suddenly Bankers and real estate companies bought them up at low prices knowing they could resell them at a higher price and pay for them over time with worth less than silver dollars.

Within two years the price of a home shot up by over 30 percent.

Same thing happened under the Carter mis-administration.

[metmom]

My son bought a house in May and paid a fair price for it.

The house across the street, almost identical to is, just sold for about 50k more. There are actually bidding wars on houses here in NH.

[Dr. Sivana]

We were looking to buy a house in greater Phoenix this summer. We will stay in our rental until the bubble bursts. I am NOT buying at top of market again. Last time I bought a house was at top of market in 2006. It lost 40% of it’s value and NEVER recovered fully.

[Mariner]

Yes, it’s a bubble.

But, refi to get in on the extraordinarily low rates.

I just did so at 2.25%, 30yrs VA with absolutely no cost.

None.

Can’t beat that with a stick.

[slouper]

I get calls every week from people wanting to buy my house. It’s usually someone with a foreign accent. When they ask if I would accept a cash offer I say sure, 1 million dollars. They hang up. It’s worth around 450k.