How insane is the real estate market? Watch the massive crowd in Raleigh that swarmed ONE SINGLE HOUSE because it was going for less than $300k
· Feb 24, 2022 ·

The 2020 housing market was nuts. The 2021 market was certifiably nuts. And you can rest assured that the 2022 housing market is full-blown, needs-to-be-committed-to-an-asylum nuts:

With one Facebook posting, Realtor Monique Edwards illustrated Raleigh's affordable housing problem in jaw-dropping detail.

A line of cars stretching for a block in two directions and dozens of people waiting for a look at a rare opportunity: a house priced under $300,000.

"When we say there is a housing crisis, we really mean it," said Edwards, the owner/broker at NC Living Realty, panning her phone camera over the crowd in the post. "It's absolutely insane."

Here's vide of the rolling wave of people desperately seeking the rare unicorn of a sub-$300k foursquare:

In case it wasn't already clear: We need more housing stock in this country.

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