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I have two kids in the market for a home of their own so we have helped them look for listings. Houses are listed usually somewhere near the appraised value then I guess they start taking offers, sounds like an auction to me. Looks like the buyers are willing to got to the pre approved limit the lender will let them have. Houses can be sold the same day they are listed or not lasting long. WTH are we starting in to another housing bust with banks selling crappy loans to second rate lenders ? Whatever happened to honest appraisals and local held loans. No denying the interest rates are attracti