My cousin's daughter sold her house in Fishers in 8 hours. It was listed at $625K and sold for more...bidding war. I am still trying to understand how this is even possible but glad for her as she was going to be losing her job over the stupid vaccine requirements and that would have made it difficult to pay the mortgage. I believe they are moving in with her dad until they find something up here. Her mom died 3 years ago and he is living alone so this works out for all of them.In my area of greater Indianapolis - it's the homes that are $400k + that sit longer; but only by a bit. The $300-400k range is still selling within a week.
We had one house in our 'hood go pending at $650k the week it was listed, though. But that was a month ago and it still shows as pending. And a house in a neighboring 'hood listed at $450k also went pending within the same week.
Another house in my 'hood, that's never had a real estate sign out front of it, shows that it's both A) for sale and B) pending at $315k for a 3/2.5 1840 sq ft house on just under .5 acre. And there haven't been any updates done to it since it was built in the 1978. Belay that - some of the flooring has been replaced with vinyl plank. Realtor.com says it's been on there 3 days.
BUT - this particular house is ... strange. Strange people live there - seemingly strange pattern of long-term house-guests (probably adult kids). It's been on / off the market like 4 times in the last 4-5 years. No one's ever moved out.
Really cheap money from a manipulated fiat currency system that's close to a reboot. Playing the HGTV gotta have it game and not understanding the consequences of personal debt moving forward is naive at best. I agree with the posts about a huge bubble.This is amazing.
How in the cornbread hell can there be that much money chasing real estate?
It's like there's a robo-buying program of huge funds grabbing whatever comes available.
Been thinking about the US citizens winning and hoping people are planning ahead, but I know what TPTB want. I like to know the framework and trajectory of .gov overreach without taking too deep a dive. I typically only look at a few independent new sources. I think people are becoming more aware of what's going on and because of that, things will take a turn for the better in the next couple months.Yo Tim.
Does it make you think about "You will own nothing and you will be happy"?