Many are trying to buy a home before the feds hike the interest rate but they are just priced out now..especiall y in high demand areas.
there are too many flies on the same pile of chit
What people should do is to let the interest rates spike. This will drive out your competition from the market and hoping that it will drive them prices down or at least you have lesser competition in the market who are bidding for these houses out of ridiculousness circumstances.
Like no inspection needed, as is, cash buyer and free 2 tickets to the superbowl. You can't compete with bidders like these, especially when you are a young and first time buyer