"In some cases, Simrin said, people are offering to pay more than the asking price, but the deals fall through after a real estate appraisal determines the house is worth less than the agreed-to price, which prevents mortgage approval." and this one:

 "We want them to slow down, and even though they miss out on a house, we are really trying to do a better job of educating our buyers about the market before they get emotionally involved and make a buying decision,”

Covering their bottoms this time, lol but you can bet $$$ that those agents and mortgage companies are doing all they can to get their share.  My neighbor, who just moved in a year ago....are salivating at their dream of making $40k in that time.  LOL.   

This next bubble burst?  Imagining either Trump OR Clinton in office just makes me want to vomit.  more, more, more, more, more.  After the bubble bursts, again, the only ones making money in this town will be the dispensaries, lol.  l2g