The housing market is so hot buyers are paying $1 million over asking price

What do homebuyers have to do to get a house in this cutthroat real estate market? Offer sellers a Caribbean vacation? Bid $1 million over the asking price? Pay a competing bidder hundreds of thousands of dollars to walk away?

What about buying two homes just to live in one?More from Financial Empowerment How much house can I afford?Believe it or not, these are real offers. And sometimes, they actually work."You hear about buyers throwing sweeteners into the mix -- wine, dinners -- to get the house," said Esty Perez, an agent with Knipe Realty in Portland, Oregon."Then, along comes a buyer that is like, 'Hold my beer.' Let me take this up.

I'll wait for the inevitable crash, thank you...

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WSJ News Exclusive | U.S. Housing Market Needs 5.5 Million More Units, Says New ReportConstruction of new homes in the last two decades lagged behind historical levels, contributing to the recent surge in house prices, according to a National Association of Realtors report that calls for a “once-in-a-generation” policy response. good luck Well The best decision I've made this year was investing in crypto and forex trading and earning from home, as professionals trade for me. With the help of pro_ElizabethD I've been earning great returns weekly, their is no way I’ll make loses! It is better for Biden to let the Economy dip now rather than later. It is still under the shadow of Trump and his policies. Fed extending the rally got it all wrong.
Source: WSJ - 🏆 98. / 63 Read more »