As hot as our market is right now, it sure seems like we will get off to a fast start in 2022!
The first house mentioned in this video is linked here. The LCV home was listed for $1,695,000 and closed for $2,000,000 for a 2,438sf tract house built in 2000 on a 9,198sf lot. The sale closed on October 21st:
This is the road to perdition.
As money gets devalued through high inflation, prices keep going higher and higher and when people see that government and central bankers are only paying lip service to inflation, they completely withdraw assets from the market, nothing is for sale. Shortages develop, price controls and misery. No one wants to exchange their house for money that can be printed by trillions because no one knows when the insanity will stop.
Don’t be surprised if we have less listings in the spring than now.
Agree!
@ some guy
“This is the road to perdition.”
for the record……..don’t confuse that Some Guy with this Guy. I have no idea what a Tom Hanks movie based off a comic book has to do with real estate.
/s