Just read this article about the housing trends in Southern California...
"Real estate agent Alan Castillo recently listed a client's fixer-upper in Granada Hills for $278,250.
It was only 1,600 square feet -- but it drew 128 offers, most of them in cash.
The final selling price, after all of 10 days on the market? $377,872."
I'm sorry, what? A fixer-upper sold for almost 100 THOUSAND dollars over the asking price?!?!? That. Is. INSANE. No wonder we can't catch a break!