Are these people kidding?
Home prices where? In calif?
All over
They lost congressional seats in blue states and FOX wants Us to Pretend there’s a Biden economic surge
I can’t even go to dinner here in Texas. Can’t go out on a Saturday
This place is packed
My house value has doubled. It went up 12 % last year alone
These people are disgusting propagandists
People are running from blues states
Home prices are not soaring.
There is a mass exodus.
Hello!!!
Same in Florida... home prices are nuts.
People are fleeing California, but that doesn’t mean that housing prices aren’t skyrocketing. Any home is selling in 3-5 days for well over asking prices. Case in point - last weekend they advertised 18 townhomes in Santa Clara (Silicon Valley) starting at $1.2 million - they had people camping out for the chance to buy one.
I know a young couple, who will soon be relocating to the Orlando, FL area for a career move. They have put bids in already on 5 or 6 homes, at or above asking price, and have not succeeded yet in having their offers accepted. They are having to put in offers on homes they will not see until “closing”. The prices being asked are mostly 150-200% of the most recent past sales price for each property.
Home prices started skyrocketing last year, everywhere, including in blue states. It was a domino effect: When the pandemic hit last year, no one wanted to buy a house. So, mortgage rates dropped to 1%-2%. Then more people wanted to buy homes. Suddenly, buyers outnumbered sellers. Homes started selling within a few days of being on the market, with buyers trying to outbid each other, and sellers asking for higher and higher prices. The housing market has been on fire since last year.