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So a small house on Long Island with a fair asking price of $599,000. caused 100's of people to wait in line for hours to see and caused a bidding war with the house selling for $660,000. This is typical today. If that's not inflation. Then there's is no such thing.

12:31 PM · May 12, 2021Twitter Web App

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Perfect storm of free money and people fleeing major cities has the housing market booming...

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Remember that when average mortgage rates rose to a recent high of 4.94% in November 20 km18, the housing market slowed to crawl in an otherwise booming economy imagine if interest rates rise from 2.98% this week to their old peaks. House hunters will receive 21% less loan $s

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Rememb in 2005 the book” Are You Missing the Real Estate Boom? “By former NAR Chief Economist David Lereah. If you followed his advice you didn't do to well

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Housing Market in Long Island and New Jersey have been like that for a long time...that’s just the truth.

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We need another round of stimulus so we can afford the new inflation prices.

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The problem on the Island is supply. As pandemic ends people who delayed retirement to Florida will flood market with houses for sale driving prices down.

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Listed townhouse for $309k: 30+ showing in 2 days, 9 offers that included escalation clauses, appraisal shortfall payments, no inspection.....lucky I don’t need to buy anything in this market