October 19, 2021
Real Estate

Real Estate Market Cause For Anxiety

How much is your house worth?

That seems to be a hot topic these days. In many communities, house prices are escalating rapidly.

Bidding wars can turn into more than an attempt to purchase your dream home. For many, it is a competition.

Some might make an offer at a price level that would have seemed out of reach for them financially even a week earlier.

The focus is on the selling price. That is what we all want to know.

Transaction details are public information. Often news travels faster by word-of-mouth.

In my opinion, the focus should shift to the effect this crazy housing market is having on the buyers of those houses.

Think of the mental anguish a homebuyer goes through.

Suddenly a couple can be looking at their new domain and realizing they have a house mortgage approaching, or over, $1 million.

That kind of financial jolt into carrying debt far above their comfort level can be…

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