Everyone’s talking about the real estate gold rush. And buyers are doing some pretty crazy stuff to stay competitive—like offering way over the asking price and, in some cases, offering the naming rights to their firstborn child. Yikes!
This hype comes from some real factors influencing people to act quickly. Since the start of the pandemic, mortgage interest rates have reached all-time lows. We’re talking rates in the 2 percent range (and for reference, 3 percent was the gold standard for decades).
