Has created crazy over bidding war
Prices have crossed historical highs in many areas
Resulted in less inventory as the sellers are laying low
Resulted in higher level of cash purchases due to home equity cash playing in certain markets
Made well qualified buyers with 20% down with no money for appraisal surprises to stay away from market.
On the whole this will continue on until Fed change free bee policies and slowly take control, which I foresee will not happen.
If one is having cash in the bank, it is worth nothing at the current rate of printing....