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by to11mtm 1324 days ago
Cash buyers are -not- complete idiots, but there was (and still is) some portion of people who think that prices will at best plateau, and thus it's better to 'get in' early still.

> A year ago I was surprised if a house lasted more than a weekend, now I'm literally shocked when I see a house sell.

Around here it has cooled down but the market is still... volatile. Ironically I may or may not be 'up' in value compared to the start of this year. But my state has various taxes and insurance costs that have impacts on relative home value.