California home for sale gets 122 offers amid real estate market surge

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

A $400,000 house got 122 offers in 2 days, highlighting the desperate frenzy buyers are facing amid skyrocketing real-estate prices and a dearth of homes for sale

from the National Association of Realtors, existing home sales reached a 14-year high last August. Similarly, housing inventory hit a record low in September, and dipped even lower one month later to 2.5 months of supply.

Those who already own homes are opting not to sell, and new home construction has dipped over the years. But according toGiven the low inventory, home prices are also on the rise. Prices soared through the end of 2020, jumping the most in seven years by December, according to theA rush to buy up homes may lead to regret for new homeownersa dozen times in 2020 alone, and the pandemic induced a desire for outdoor space or a more comfortable work-from-home arrangement.

reported last month that buyers were making hasty purchases, skipping due diligence, and waiving inspections. One family discovered a wasp infestation after closing on the house, while another learning they'd have to spend $150,000 on siding to alleviate a woodpecker issue.from September found that roughly 55% of Americans who bought houses during the pandemic reported buyer's remorse — 30% of those people said they should have waiting to buy a home for financial reasons.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Idiots with more money than sense

Bitcoins investment are the fastest rising system of investment where you can change your financial status in a matter of seconds. You can start up a long term earning program for you and your family.

Charlotte Metropolitan. Prices have risen nearly 40% in 3 yrs. Looked at a 1,250 sq ft house with a tax value of 98K and asking 213K! It was a complete mess! Went just 15 min. south and snagged a 1,800 sq ft condo (absolutely gorgeous) for 2K more.

we are supplying medical, surgical, FMCG & Solar Products at the least price to any project or Donation of companies & Trust's (NGO'S) up to $125 USD million.If any need kindly contact in cell:+91-9952887012, email: SSCSIPL18GMAIL.COM Thanks SSCSIPL CEO

Loving the world our forefathers created for us

Bet it was Austin, tx

horrible

United States United States Latest News, United States United States Headlines

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

Rally in Transportation Stocks Nears 122-Year-Old Record StreakShares of airlines, railroads and trucking companies have been rising on investors’ optimism that renewed economic growth will boost profits at transportation companies. 𝗬𝗼𝘂 𝗰𝗵𝗮𝗻𝗴𝗲 𝗺𝘆 𝗹𝗶𝗳𝗲 𝗼𝘂𝘁 𝗼𝗳 𝗱𝗲𝗯𝘁 𝗜 𝗱𝗼𝗻’𝘁 𝘁𝗵𝗶𝗻𝗸 𝗜 𝗰𝗼𝘂𝗹𝗱 𝘁𝗲𝗹𝗹 𝘆𝗼𝘂 𝗵𝗼𝘄 𝗺𝘂𝗰𝗵 𝘆𝗼𝘂 𝗺𝗲𝗮𝗻 𝘁𝗼 𝗺𝗲.𝗜 𝘄𝗶𝗹𝗹 𝗸𝗲𝗲𝗽 𝘁𝗲𝗹𝗹𝗶𝗻𝗴 𝗽𝗲𝗼𝗽𝗹𝗲 𝗮𝗯𝗼𝘂𝘁 𝘆𝗼𝘂𝗿 𝗴𝗼𝗼𝗱 𝘄𝗼𝗿𝗸𝘀 𝗶𝗻 𝗺𝘆 𝗹𝗶𝗳𝗲 William_3BTC I imagine it's less to do with 'optimism in renewed economic growth' and more to do with a bloated infrastructure bill.
Source: WSJ - 🏆 98. / 63 Read more »

Zillow Cofounders Debut On Forbes Billionaires List Amid White-Hot Residential MarketZillow cofounders debut on Forbes Billionaires list amid white-hot residential real estate market
Source: Forbes - 🏆 394. / 53 Read more »

Zillow Cofounders Debut On Forbes Billionaires List Amid White-Hot Residential MarketZillow cofounders debut on Forbes Billionaires list amid white-hot residential real estate market ♥️ Zillow is a terrible real estate site, unless you like outdated and inaccurate listings. Their sister site, Trulia, is just as bad.
Source: Forbes - 🏆 394. / 53 Read more »