Quote:
Originally Posted by mrrmauu
We have been coming down since 2016 and plan on retiring, buying and living full time in the very near future. I see that most or all homes appear to sell within hours of listing and the prices have skyrocketed with no end in sight. Who is buying all these properties??? Are these new retirees, are they snowbirds, or are they speculators looking to make a buck renting them out? Is this all a bubble or will this continue into 2022? A brand new home we looked at in 2017 was listed for $270,000 - that same exact home today is around $400,000. They used to discount some of the homes when they advertised them on WVLG, no more. Most homes they advertise are $500,000+. My home has also appreciated but not at TV rate.
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Of course its just a housing bubble which will pop like in 2005. All kinds of people are buying but whats the difference who buys. The houses are selling. Friend of mine listed their home with a realtor and before it even went up on MLS, it sold at the asking price, in cash, as is. If you keep up on current events, you would know there is a housing shortage and theres no end in sight.