Crazy Bidding Wars Has Pushed Home Prices To Hyperinflationary Levels
Channel: The Nomad Economist
Date: 2021-04-06

Crazy Bidding Wars Has Pushed Home Prices To Hyperinflationary Levels
The Wildest Home Buying Binge In U.S. History Has Pushed Home Prices To Hyperinflationary Levels
All over America, we are witnessing crazy bidding wars for the limited number of homes that are on the market.  In many areas, the moment a desirable home goes on the market potential buyers start making offers that are tens of thousands of dollars above asking price.  Not even in the days before the housing bubble burst in 2008 did we see anything like this.  As I have discussed in previous videos, in some cases more than 100 offers are coming in for a single home.  It is actually an understatement to call what we are watching a “frenzy”, and there are no signs that it is going to cool down any time soon.


For the full transcript go to https://financearmageddon.blogspot.com
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