NEW YORK, March 29 (Reuters) – For the past few years, Lee Adler kept track of the U.S. real estate market, and things just kept going up – and up.
So it seemed an optimal time to sell his stateside home after Adler moved abroad to Nice, France, shortly before the pandemic began. His single family house in West Palm Beach, Florida sold within a month.
“I felt that I was in the driver’s seat,” says Adler, 71, who publishes websites like Liquidity Trader and the Wall Street Examiner. “I got a cash offer with no contingencies at my asking price. The selling price was 40% higher than I could have gotten a year ago.”
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The sizzling housing market may not be great news for buyers, but it is terrific for sellers. The S&P CoreLogic Case-Shiller Index recently reported national home-price gains of 18.8% for 2021, far outpacing even red-hot inflation numbers.
For owners who have been hemming and hawing about…