Reply to thread

Message: <blockquote data-quote="berserker2001" data-source="post: 1460154" data-attributes="member: 18233"><p>This is exactly what I'm seeing in my little rural community in western Michigan too, as well as Grand Rapids and the Chicago suburbs - it's wild. Conventional wisdom and "experts" were saying that the housing market was peaking hard in late 2019, and then COVID hit and prices only shot through the roof and obliterated any predictions. It's basically a rogue market right now, but fascinating to watch and comment on. I'd post the Redfin graph but don't have such privileges yet; national median sales prices are 12.4% higher than this time 2020, and 18.4% higher than this time 2019 when everyone thought median prices couldn't climb any higher... Lot of money changing hands, no doubt about it. Has to be a massive wealth transfer behind the scenes, nothing like this is ever coincidence</p></blockquote><p></p>