Nope, not a real estate bubble, just normal supply and demand.
eastidahonews.com/2021/03/76-all-cash-offers-...
eastidahonews.comPosted Mar 30, 2021, 7:42 PM UTC
33
eastidahonews.comSome of their analysis is flawed. Interest rates aren’t guaranteed to go up, and anyone who claims they can predict “housing prices won’t drop 20%” is full of shit.
1
"The buyer, she said, is an investor who is likely to renovate and resell at an even higher price."
Somebody warn me when the speculators start bidding on houses sight unseen.
I'm not a flipper but i know enough to look at photos on Zillow and have a rough estimate of the cost to renovate. from the agents I talked on those listings I was pretty close.