Submitting an offer in a competitive market where you know there are multiple offers feels a bit like sending a racehorse to the starting gate and hoping for the best. Given that it is May and the Kentucky Derby takes place on the first Saturday in May followed by the Preakness just a couple of weeks later, I can’t help but notice the similar feelings and emotions. For the Kentucky Derby 20 three-year-old racehorses are loaded into a starting gate after years of careful planning and strategizing, only to let loose to run hopefully what will be their best race for what is known as the greatest two minutes in sports. 

Anyone that knows horseracing, knows the favorite horse doesn’t always win the race. There are many factors at play in these races:…

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Video transcript:

Hey, I'm Steve Volkers broker owner of the Steve Volkers group in Grand Rapids, Michigan. And this is our monthly market update. This is like three in a row Kev. This is pretty legit that we're actually making. What is it like if you got to do 90 days for a habit? So maybe we're, maybe we're making a habit here, but we are talking market data.

Feel free to watch the last two episodes, which sort of built into this month's data. First episode was really about the inventory shortage, still feeling the crunch of that. We talked a lot about new construction and the fact that new construction hasn't come online. To having that issue, which is what the big spike was in pricing over the last six months.

Then, we started talking…

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