At least 3 US homes have recently sold for more than $1 million over asking price. It's the latest sign that the housing market has gone completely off the rails.
The deal mirrors similar sales on the other side of the country. According to, a seven-bedroom home in Mountain View, California, also recently sold for $1 million over asking. The 4,365-square-foot home, located just a few miles from Google's headquarters, was listed at $4.5 million; it sold six days later for $5.5 million.
And earlier this year, a Berkeley, California, house almost doubled its price: The home was listed at $1.3 million, received 29 offers in just over 10 days, then sold for $2.3 million, according to SF Gate.These sales are representative of a feverish real estate market nationwide. Low interest rates during the pandemic combined with a desire for more space and the ability to work remotely has led to bidding wars, surging prices, and low inventory in many markets across the country.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla to buy more than $1 bln of Australian battery minerals a yearTesla (TSLA.O) said it expects to spend more than $1 billion a year on battery raw materials from Australia given the country's reliable mining industry and responsible production practices.
Read more »
Fishermen find $1.5m worth of 'whale vomit,' lifting them out of povertyAmbergris is a rare and valuable substance that is produced by some sperm whales.
Read more »
MLB sued in $1 billion lawsuit for pulling All-Star game out of AtlantaMajor League Baseball has been hit with a lawsuit for moving the All-Star game out of Atlanta following controversy over Georgia’s recent restrictive voting law.
Read more »
Biden Floats New Infrastructure Spending Offer of $1 TrillionPresident Biden told a top Senate Republican that he wants $1 trillion in new spending in infrastructure, according to people briefed on the matter, a proposal that still leaves the White House far apart from GOP lawmakers
Read more »
High-End Homes Selling Faster As Wealthy Americans Benefit Most From Stock Market Gains, Says ReportHigh-end homes are selling faster as wealthy Americans benefit most from stock market gains, according to a report
Read more »
Despite vaccines, nursing homes struggle with Covid outbreaks and deathsScattered outbreaks are largely blamed on unvaccinated staff members.
Read more »