I’m definitely feeling the part about the frenzy, and the inventory. There are some ****ed-up houses out there. As a buyer I’m also seeing a lot of pricing games … not sure if this is increasing or if I’m just paying more attention.
Just as an example, I saw one house in O’side go from $231K to $262K to $274K in the span of two weeks. I suspect I’ll see more of this in the near future … asking prices going up exactly 10% or $15,000 :/
One question for those of you in the business … I see a lot of pendings but not a lot of closings. Is it just a matter of overworked REO property managers, or do you suspect a lot of these pending deals will fall through over financing, inspections, and so on?
