Buying a House: Home Prices Soar in U.S. Market Where Demand Outpaces Supply - Bloomberg

Demand is so fierce that almost half of U.S. homes are selling within a week of hitting the market, a record pace, according to Redfin. Annual price growth reached 17% in March, the highest in data going back to 2012. Urgency is amped up, with real estate agents commonly limiting bidding to a few days and then pitting buyers against each other.

Me and the wife were hoping that we’d be able to afford something this year, but it looks like we only have disappointment and higher rent to look foreward to.