Anyone seeing a cooling of the market?

[Dominic Kosteris]

I've seen some youtube videos where seasoned investors are now seeing more inventory and a slowing of surging prices. I have two markets, Northwest Indiana and the Southeast side of Chicago. I'm seeing a slight hint of that in Chicago, but not in Northwest Indiana. What say you?

[Adrien C.]

My brokerage is still seeing stupid offers on houses in NW Indiana. Appraisers are starting to fight back though. 2 months ago it seemed like everything appraised. Now they are basically giving list price and none of the stupid way over offers. There's only 505 houses on the market in Lake county which has a population of over 400K. Drive around Crown Point, Winfield, south Dyer, Cedar Lake, and St John and the amount of new construction is crazy. As long as rates stay low and inventory stays low, we'll be in this stupidness for some time.