Home prices in March saw highest growth in over 15 years, S&P Case-Shiller says

[MontanaMama]

5. I don't think this is great news for anyone except

those selling their homes. In my corner of the country, housing is in extreme short supply and prices have soared the last few years and wages have not kept up. The median home price is $440K which is not affordable for so many people. $250K buys nothing but a crappy drive-by fixer upper. I personally know two people who got more than $100K than their asking price which basically means that every home has a list price where the bidding starts. I recently hired a landscaper to re-work my garden area and he told me that he had just made an offer on a 3 bedroom 1 bath home built in the 50's...he offered $20K more than the asking price of $330K and the home ultimately sold for $435K...his offer was one of 23 offers on the home. It's ridiculous.