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Same thing happened to me (east coast), was looking to upgrade to a single family home but pandemic bumped up the housing prices and demand. I spoke to a realto

by gnz11 5y ago

Same thing happened to me (east coast), was looking to upgrade to a single family home but pandemic bumped up the housing prices and demand. I spoke to a realtor while out on a walk one day who mentioned that houses were selling at $80K+ above asking price and to just sit tight for a bit. So that's what we'll do...I'm not in any rush. What can you do anyway? No sense in paying inflated prices.

ac2022 5y ago
Yeah I am Texas. Before 2021, one could buy a beautiful home with a pool in a top rated school districts for $450K easily. Now same homes are going for $650K+. I personally am not in rush to buy new home but it just made me feel like I didn't keep up with inflation and should do something about it. Wife is in slightly more rush but I am very strict on our loans to income ratio.