Since there is a shortage of inventory to buy, people had to rent, which drove up the those rates significantly.As a Phoenix native, I am excited about the boom to our economy and rapid growth. 

Now, that being said, we are still seeing vanilla ho-hum SFRs not only get accepted, but the completed report turned in, pretty fast (almost like they are taking a full appraisal fee, and just f-ing copy/pasting from the refi appraisal they did for the ho-hum SFR three blocks down as part of the refi boom with the same bedroom/bath count, ahem, cough cough, excuse me while I clear my throat).

Purchase price: $120,000 Cash invested: $30,000 Successfully bought and renovated a single family home in booming East Ridge TN, just next to the beautiful grounds of Camp Jordan park.

Purchase price: $160,000 Cash invested: $70,000 Successfully bought and renovated a single family home in booming East Brainerd, Chattanooga TN, just minutes from the Hamilton place mall and Chattanooga's premier shopping destination.

We have ALWAYS been a bust/boom energy market but right now we are booming with no local backing.

Those with an eye on recent history can't be blamed for thinking current market conditions are nearing their endgame, with rapid price appreciation and fierce competition for homes eerily reminiscent of the late stages of the mid-2000s housing boom.

Purchase price: $160,000 Cash invested: $70,000 Beautiful single family home remodel in booming East Brainerd, Chattanooga TN, just minutes from the Hamilton Place Mall, and Chattanooga's premier shopping destination.

Purchase price: $135,000 Cash invested: $60,000 Freshly remodeled single family ranch with separate basement unit in booming Ooltewah, Chattanooga TN, just minutes from the Collegedale, the Volkswagen plant and Southern Adventist University.

Fairfield like most of Cypress is booming and a highly desirable place to live. 

Hello,Firstly, I'm a bit of a noob so please excuse if my question a bit all over the place.Backstory:I have a 1960's house in a small ski town where the real estate is booming.