The house that was listed one week ago on our block has a "sale pending" sign. This is good news: the owner got her price (or better), which means demand for neighbors' homes remains high; more importantly, my flower bed is looking ragged, so I was going to spend the weekend digging it up to make it look respectable. Now I don't have to.
An overheated real estate market is like an overheated stock market; buyers overlook the weeds.
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