Yes. America’s Housing Market Is Officially Over-Heating Everywhere. How Long Will It Last?

As recently as just a few years ago, it used to be that the hardest part about buying a house for most people was the financial colonoscopy of getting approved for a mortgage.

Now, that’s the least of buyers’ worries. In virtually every American city right now, many single-family homes hitting the market are selling in bidding wars and the buyer with the most cash who closes fastest wins.