Bill Wilmering’s buyer has disappeared.
An agent with Wood Brothers Realty in the St. Louis area, Wilmering recently told Inman that he had been working with a man who found the perfect home. Together, they put together an offer that they thought could work. And then as has happened to so many agents this spring, they lost a bidding war.
Bill Wilmering
“I haven’t heard from him in days, which is very unusual for him,” Wilmering said. “The last comments I had from him were that he was very discouraged.”
The anecdote is just one of many that highlights the brutal market buyers face in much of the U.S. right now. It’s a market that has been shaped by supply shortages, rising material costs and the coronavirus pandemic all of which have sent prices soaring.
Lakewood Ranch to Expand Experiential Lifestyle Offerings With Three New Waterside Place Tenants
Share Article
Waterside Place in Lakewood Ranch Will Open in Late Summer 2021
“Waterside Place is taking shape beautifully and I have no doubt that it will quickly become a lifestyle destination where residents and people throughout the region can enjoy unique, high-quality shopping, waterfront dining and entertainment. LAKEWOOD RANCH, Fla. (PRWEB) May 03, 2021 Lakewood Ranch, the nation’s best-selling multi-generational master-planned community, has announced three additional tenants in the community’s new, 36-acre Waterside Place development, which is on track to become the region’s premier experiential lifestyle destination.
In 2020, the press was filled with stories about droves of wealthy out-of-staters fleeing cities and the pandemic and moving to the Mountain West. Two new
Hordes Of Newcomers Driving Up Mountain West Housing Costs? There s More To The Story kunm.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kunm.org Daily Mail and Mail on Sunday newspapers.
Getty Images
In 2020, the press was filled with stories about droves of wealthy out-of-staters fleeing cities and the pandemic and moving to the Mountain West. Two new reports complicate that narrative.
U.S. Postal Service data
analyzed by the real estate investment firm CBRE shows that more than a million people moved away from big cities such as San Francisco, Los Angeles and New York City last year. But most migrated to nearby suburbs and cities such as Sacramento or to sunbelt destinations such as Austin, Texas.
Overall, there wasn t a huge spike in new people moving to the Mountain West, with growth following roughly the same trend as it did before the pandemic.