People stopped trying. Get overbid by desperate buyers who trying to lock in on that low interest rates. They'll do bids like no inspection needed and I got cash to pay it all or how about favors like I'll throw in some superbowl tickets or instead of paying you 100k over, how about I'll put 100k into your next house buying instead? How can you compete fairly in a market like this if it will be your first time buying a home?
SF rentals are going up however, there is a program out there that prevents these landlords to jack up the rates since we are not fully out of this pandemic.
Pre pandemic, houses in my dad's cow town were going for $260k on the average. These same houses are pushing $300K now.
Best to wait and hoping for the market to correct or die off so you can grab a few more. Didn't I preach for the worse president who will jack up this housing market and economy so that you may buy on the low and come up when the next best president will take office? Save your money till then and be ready to shoot with the big boys when the time is ready.
