Is anyone else shopping for a home and experiencing a buying frenzy? I feel like someone turned back the clocks to 2005.... We have been looking since March and if we don't get into the home the first day it is on the market and make a a decision to put an offer on the house, the house is gone. And forget about comps, houses are going for asking or very close to asking even if there is no comp justifying the price.
I feel like there is all this pent-up buying demand right now. Plus I am guessing fewer sellers are putting homes on the market because of the gloom and doom in the news about homes not selling. I am feeling like we should put our search on hold until the market settles back down.
Is anyone else seeing this craziness in the real estate market right now?