I noticed that in several of my columns recently, I’ve groused about certain people or institutions. Today I want to celebrate some positive developments.
Itâs a great time to sell a house, and for the same reasons, itâs a tough time to buy one. Nonetheless, theyâre selling like hotcakes, âeverything from McMansions to double-wides,â according to Don Fenley, who analyzes local housing, economic and demographic trends at Core Data (donfenley.com).
Prices of houses â even the lumber used to build them â are skyrocketing. Demand is high, and because housing inventory in the region is low, prices continue to climb. Buyers are competing for the same house, says Town & Country Realtor Sharon Duncan. People are bidding up to $40,000 over asking prices. âWhen listings go on, youâve got to be ready to . be there with your client,â Duncan said.