I just thought this was interesting.
Just as the TV is telling us that real estate is a real disaster and we’re all gunna die…
I just got off the phone with a prospective tenant who is looking for a house that she can rent now and buy later. I suggested that she look on Craigslist for lease options.
Her comments were that the lease option houses are all really expensive. But that she and her husband are making offers on many less expensive houses. They haven’t bought a house yet, because there are as many as 12 offers on each property that they have tried to buy.
She is price shopping, but with 12 offers for any house that is priced right, I can’t see how real estate is dead. 12 offers sure looks like demand to me.