When I became a Realtor in December of 2002, the housing market was already on its long march up to levels that no one thought possible. By 2005 we had hit the peak of the market but 2006 was still extremely strong too. One of the things that's been largely missing since 2005/2006 is the situation where several buyers are interested in the same house. We did see this phenomenon in 2008 with short sales but that was mostly due to the long time it could take for responses from the bank (3 weeks to 3 months in … [Read more...]
