Some explanation of why the 4,040sf REO on Encanto was priced at $795,000 – on the other side of Bressi there has been a few sales around $200/sf:
Klinge Realty Group
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New post (Deal Killers) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/05/25/deal-killers/
The Household Mystery: Part II https://calculatedrisk.substack.com/p/the-household-mystery-part-ii
Recently there have been two papers that shed some light on this mystery.
Putting these two papers together - it is very possible that work-from-home drove some of the likely sources of household formation ...