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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (204145)	5/25/2009 4:43:56 PM
From: Skeeter Bug	Respond to of 306849

>>Over lunch a Wells Fargo hottie, er, teller said residential properties are red hot with buyers and investors and some are receiving up to 20 offers.<< flashbacks are quite common with post credit bubble stress disorder. i hope she's right as my rental property hits the market within a week.

To: Giordano Bruno who wrote (204145)	5/25/2009 7:07:25 PM
From: saveslivesbyday	Read Replies (1) \| Respond to of 306849

"some are receiving up to 20 offers" Sometimes the bank will set a price so low it's bound to attract offers. For example, if a 300K house is offered for 50K, it will clearly start a bidding war, and the bank will take the best offer. This doesn't imply that there is a market for houses in general, only that there is a market for extreme bargains.