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Real estate markets in these 20 cities are extremely competitive in 2022 as home values soar, buyers bid high, and houses sell faster than ever.

The collapse of a housing bubble relies partially on weakening demand, which new data shows is coming to fruition.

Residential construction soared to an annual rate of 1.79 million units in March, beating economist forecasts and hitting the fastest pace since 2006.

Everything is up. Oil is at $85 this morning but no one considers anything a crisis. Solar Wind is back, hacking more tech companies, Evergrande is still a problem in China, the Fed is likely to begin tapering at the next meeting, there's still no stimulus package and still 1,509 people died of Covid yesterday with 72,644 infected – essentially ever single person at a football stadium.

Typical residents of these cities spend about 20% of their income on housing, or even more.