Here's to hoping it crashes good and hard this time.
FYI....while I am actually retired today, I sold real estate for over 35 years. However, I'm still exposed to it on a daily basis in my "retirement job".
We're still seeing multiple offers on properties here in the DC region. Some zipcodes are more active than others of course.
'We' just had a property that had SIX bonafide offers and after accepting what was clearly the cleanest offer, at the eleventh hour the bank declined to fund the mortgage because "....over 10% of the existing condos in the complex are currently HOC (Housing Opportunities Commission) funded sales.
Unlike a guaranteed payday for listing agents, it's a nightmare for agents who choose to represent purchasers.
One can be a bridesmaid in a multiple offer situation so many times before human nature kicks in and the buyer 'blames' the agent counseling them instead of the market conditions.