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In CT s red-hot housing market, a dozen bids on a single home isn t unusual
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As CT home prices spike, buyers move fast with offers - and still fall short
Alexander Soule
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Housing Development Fund CEO Joan Carty in December 2020. The nonprofit assists first-time home buyers, many of whom are confronted with rocketing prices that are putting out of reach houses they could have afforded before the COVID-19 pandemic unleashed a stampede of city dwellers for the suburbs.Frank Franklin II / Associated Press
It was a new one for Coldwell Banker agent Judy Michaelis: don t bother viewing this house without a building inspector.
Michaelis clients, who wanted to look at a home in Westport, shelled out $1,500 to bring one along and if they liked it to stamp his approval on the spot.