Why the real estate market continues to explode



As the pandemic shifted our work lives into working-from-home lives, it also accelerated trends among homebuyers toward more affordable locales. As a result, competition for houses in smaller cities, like Boise, Idaho, has reached never-before-seen heights. Correspondent David Pogue talks with realtors across the country about their unprecedented sales, and with new homeowners whose migrations from larger metropolitan areas helped fuel a residential bull market.

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23 comments

  1. Investors and corporations are buying up properties and driving up the prices. I'm a single person looking to buy a 2 bedroom apartment. I can't compete with cash offers.

  2. People buying with appraisal waived, inspection waived. Paying crazy prices now, as the pandemic is winding down. Many of these people will probably be pressured into returning to the office. Could be some good house deals, a year from now.

  3. They are tricking homeowners into selling there homes! And those that sold are having a hard time buying another house, because they are being outbid! Blackrock kock brothers and all theses investments firms are buying up everything and banks are giving out loans with no fix mortgage rate!! So there betting on these people to fall behind and take those properties to!! They are lying to you they want to turn America into a communist country with only a few corporations owning everything!!

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