‘Brutal,’ ‘crazy’ housing market has Seattle-area homes selling half-million over asking price

Jekyll

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A house listed for 1.9 million and selling for 2.4 million is not something that needs an article written about it. That’s only roughly a 25% premium.

Call me when a house listed for $150k goes for 500k over listing.
Nah you crazy as hell. 500k over means it was some kind of bidding war. A “nice” offer is usually maybe 1-2% over asking.
 

The_Sheff

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Nah you crazy as hell. 500k over means it was some kind of bidding war. A “nice” offer is usually maybe 1-2% over asking.

1% over asking hasn’t gotten you shyt in like 10 years bruh. :russ:

Sight unseen blanket offers been going on in Atlanta since 2012. I been seeing 20% markups in my neighborhood since 2018.
 

Ed MOTHEREFFING G

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I'm likely leaving my job because my bonus wasn't big enough to keep up with the housing market and I'm trying to buy


And I'm not here to brag but it was a considerable bonus. Just not enough to make a dent toward a down payment.

That's how crazy shyt is out here.
 

Jekyll

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1% over asking hasn’t gotten you shyt in like 10 years bruh. :russ:

Sight unseen blanket offers been going on in Atlanta since 2012. I been seeing 20% markups in my neighborhood since 2018.
Lol this isn’t how the market works. The asking price in the first place is usually gonna be slightly above what the actual value is, likely after a private appraisal. I live in one of of the hottest markets in the country and houses still only go for a few percentages over. Also I moved from Atlanta where houses aren’t near what they are in California yet. 20% over asking doesn’t happen regularly in any zip code in America. One look at houses sold shows $1M+ Atlanta houses getting the same 1-2% over if not selling for less than listing.
 

CouldntBeMeTho

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A house listed for 1.9 million and selling for 2.4 million is not something that needs an article written about it. That’s only roughly a 25% premium.

Call me when a house listed for $150k goes for 500k over listing.
How much you think those houses really worth breh :laff:

The land is the only thing that matters
 

Red Shield

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They have to raise interest rates. This is out of hand. They’ve kept rates near zero for decades but complain about the stock market and the real estate market being crazy. What do you expect?
everything has gotten addicted to those low rates tho...
 

Cobalt Sire

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These home prices have surged across the country. Black people really should've come up with a plan decades ago to secure ownership. Now we have to pay way overpriced rent just to live in a place that isn't middle America or the desert. Ownership secures your ability to pay a fair price to live somewhere. Renting is throwing money away, especially today. Every year, people are getting hit with rent hikes and getting moved around. Homeowners' expenses are relatively stable and in line with inflation.
 
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TM101

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They have to raise interest rates. This is out of hand. They’ve kept rates near zero for decades but complain about the stock market and the real estate market being crazy. What do you expect?
I heard that interest rate are rising and thats why all the stocks and crypto are going down
 
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