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Old 04-10-2012, 11:09 PM
 
36 posts, read 67,852 times
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I'm currently in the market to buy a house with a budget of about $400k - $450k and every house that I see at that price range has multiple offers above listing price. Anyone else experiencing this? Is the housing market that hot right now?
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Old 04-11-2012, 12:06 AM
 
619 posts, read 2,168,779 times
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Sales are up 10% comparative with same month 2011. That's what I hear market is on fire and multiple offers on everything. How long it will last I don't know because it makes no sense. Economy still bad.
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Old 04-11-2012, 12:10 AM
 
11,715 posts, read 40,461,182 times
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Lots of cash buyers in Westminster.
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Old 04-11-2012, 12:27 AM
 
36 posts, read 67,852 times
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Quote:
Originally Posted by EscapeCalifornia View Post
Lots of cash buyers in Westminster.
Very true, but it's amazing how many cash buyers there are. It seems like they are everywhere. At this rate, home prices may sky rocket back to what they were in 2005 which makes no sense.
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Old 04-12-2012, 04:34 PM
 
619 posts, read 2,168,779 times
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Cash buyers want to get rid of cash. Rumors about devaluing the dollar are present. A home is a tangible asset and if rented out could generate 4-8%/year revenue. Money in the bank now generate less than 1%, gold is a very volatile investment and therefore real estate is still best investment out there for some.
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Old 04-12-2012, 08:26 PM
 
3,890 posts, read 4,545,888 times
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Quote:
Originally Posted by som3on3_10 View Post
Very true, but it's amazing how many cash buyers there are. It seems like they are everywhere. At this rate, home prices may sky rocket back to what they were in 2005 which makes no sense.
Well, if that happens we'll be a nation of land barons and serfs I guess.
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