This Housing Market Is So Hot That Buyers Are Offering $1 Million Over Asking Price

Buying a high-income property can be a smart move for real estate investors - unless the demand is so high that the premiums that homes fetch are so ridiculous that it's hard to imagine how they could make financial sense. This is the case today in the San Francisco Bay Area. In fact, the median sales price for an existing single-family home rose 16.2% year over year in the first quarter of 2021, reports the National Association of Realtors (NAR).

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