Bidding wars are back Sale prices soaring past 500k at premium Who is minting this kinda of money?
The stock market is at an all time high. Why will people worry about interest rates when most can liquidate the stocks to purchase the home
Meta and nvidia. But don’t forget SMCI, AMD etc
Not everyone here from Nvidia or meta
Houses in my neighborhood went off market in less than a week 400k over ask. It’s nuts. No inventory within a 2 mile radius. Open houses are absolutely packed. It’s a frenzy on the Peninsula. The market is sizzling HOT at the 2.5M to 3.5M price point. These houses could be up 30% this year.
I am sure some of it is people fleeing capital from places like China, our government should just confiscate those properties, it's free money
Supply is low because everyone has refinanced to 3% 30 year fixed and don’t want to sell.
People are learning you should never sell real estate. Buy only.
Who isn't? Income is up, stock market is up, crypto is up, interest rates are up.
In Los Angeles too. Got out bid on an up and coming neighborhood, winning bid put almost 300K over initial asking
List price is a marketing number....
But in California list prices are usually below the expected sale price to generate more interest.
What do you think the purpose of marketing is in my comment?
Have you been following nvdia?