MM
Other guy here. My neighborhood is an absolute magnet for corporate relocation buyers moving here for great jobs. We usually get 20 to 30 new families each year moving into our community of about 1000 homes. Right now there are 6 homes on the market and 2 I wouldnt consider saleable (crappy locations no one would want). The other 4 were listed very recently at prices anywhere from $100 to 200K above the comps. In about a week those buyers are going to start arriving in hungry hordes. What do you think is going to happen? Do you honestly believe prices will be flat to down with that kind of scenario? I’d bet dinner at least 2 of those 4 houses sell for $50K+ above recent comps.
