<br>

The term 'panic buying' has been thrown around quite a bit during the COVID-19 housing boom. Housing inventory is at record lows, and housing demand is at record highs. Economics 101 tells us that this is the recipe for a pricing shock -- according to data compiled by S&P CoreLogic Case-Shiller US National Home Price Index, home prices in the United States have increased 12% from March 2020 through February 2021. This unprecedented spike in home prices is driven by record low interest rates and a rapid shift to a work-from-home economy that demands more rooms, more space.

<br>

We have all heard stories of listings on the [MLS](https://www.offermarket.us/real-estate-glossary/multiple-listing-service) receiving dozens of offers, above asking price, sight unseen with no contingencies and going into contract in just a few days. We have also heard countless frustrated homebuyers lamenting about the fact that if they want to buy a house, they are going to be forced into a bidding war for a house that they would not have even considered purchasing pre-pandemic. 

<br>

In other words: buyers are over-paying for undesirable inventory.

<br>

This is panic buying. Panic buying is irrational and dangerously value destructive. This simple guide is your resource to help you avoid panic buying.

<br>

In our Medium post, [Wholesale Real Estate: The World Of Real Estate You Probably Know Nothing About (But You Should)](https://dwshorowitz-offermarket.medium.com/wholesale-real-estate-the-world-of-real-estate-you-probably-know-nothing-about-but-you-should-b544c6ad69b5), we introduce an important source of housing inventory that most "retail" home buyers don't know about.

<br>

[Wholesale real estate](https://www.offermarket.us/real-estate-glossary/wholesale-properties) is a house where the owner (seller) is under contract with a wholesaler (initial buyer) who is selling the contract to another buyer (end buyer). Most of the time, end buyers of wholesale real estate are professional real estate investors (i.e. fix and flip and rental property investors). 

<br>

Additional reading: [Wholesale Real Estate 101](https://www.offermarket.us/guides/wholesale-real-estate-101)

<br>

## Where to find off-market housing inventory

<br>

### 1. OfferMarket

<br>

OfferMarket is a marketplace for wholesale real estate. There are hundreds of off-market deals that you can browse on our platform and buy with ease, without an agent.

<br>

**Join the pros and subscribe to OfferMarket deal flow:**

<br>


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<br>
<br>

## 2. Facebook Investor Groups

<br>

There are countless Facebook Groups dedicated to wholesale and off-market real estate, many of which are local. Join these groups for a steady flow of off-market deals. While you're at it, join our Facebook Group: [Real Estate Marketplace: Wholesale, For Sale By Owner](https://www.facebook.com/groups/326051528838367).

<br>

## 3. Network with local wholesalers

<br>

There are probably several reputable wholesalers operating in your local market. You can find them through local Facebook Groups, Google search, and your local [REIA](https://www.offermarket.us/real-estate-glossary/reia). Get on their [Buyer's List](https://www.offermarket.us/real-estate-glossary/buyers-list).

<br>

## 4. Be A Contrarian, Buy Like A Value Investor

<br>

Warren Buffett famously said "be fearful when others are greedy, and greedy when others are fearful". While housing prices have increased tremendously over the course of the pandemic, real estate is hyper local and certain markets have not experienced anywhere near as steep a rise in home prices. This is especially true of urban markets. While everyone is chasing suburban listings, smarter buyers are looking for opportunities in the areas buyers are fleeing.

<br> 

## Summary

<br>

Fight the FOMO (fear of missing out) and use the suggestions in this guide to buy smarter.

<br>

There's more to learn at OfferMarket. Feel free to [reach out](https://www.offermarket.us/contact) if you have any questions!

<br>

The current housing market is out of control. Learn what you need to know before buying in this high-demand market.

How to avoid panic buying in the current housing market - OfferMarket

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How To Avoid Panic Buying In The Current Housing Market

Directory of licensed architects and professional engineers (PE) in Baltimore.

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Licensed Architects & Engineers Baltimore | OfferMarket

Licensed Architects and Professional Engineers Baltimore

<br>

<iframe src="https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d567137.8033630514!2d-97.20425075427504!3d32.99657881706584!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x864c3c1abc09943d%3A0xcad371b035c8fea2!2sFrisco%2C%20TX!5e0!3m2!1sen!2sus!4v1609790531153!5m2!1sen!2sus" width="600" height="450" frameborder="0" style="border:0;" allowfullscreen="" aria-hidden="false" tabindex="0"></iframe><br>

<br>

Frisco is the fastest growing city in Texas, and one of the fastest growing cities in the United States. The North Texas city is part of the Dallas-Fort Worth Metroplex.

<br>

From 2010 through 2019, Frisco's population skyrocketed 71.1%, an astounding 7.9% annualized growth rate. Learn more in our [Fastest Growing Cities In Texas](https://www.offermarket.us/blog/fastest-growing-cities-in-texas) market report.

<br>

- County: Collin County and Denton County
- Property tax rate: 2.01%
- Population: 200,490
- Population trend: rapid growth
- Area code: 469
- ZIP Codes: 75034, 75035
- Median home value: $425,593
- Nearest major airports: DAL, DFW

<br>

## Property value growth rates:

<br>

- +7.5% 1-year forecast

<br>

## Walkability: moderate

<br>

## How far is Frisco, TX from:

<br>

- [North Dallas, Dallas, TX](https://www.offermarket.us/markets/north-dallas-dallas-tx-real-estate) (21 min, 15.8 miles)
- Dallas, TX (32 min, 27.4 miles)
- Plano, TX (21 min, 18.9 miles)
- Denton, TX (35 min, 24.3 miles)
- Lewisville, TX (20 min, 15.2 miles)
- Irving, TX (33 min, 29.3 miles)
- Arlington, TX (45 min, 41.1 miles)
- Forth Worth, TX (45 min, 47.1 miles)

<br>

## Attractions: Things To Do In Frisco

<br>

- National Videogame Museum
- Sci-Tech Discovery Center
- Museum of the American Railroad
- Frisco Heritage Museum
- The Star
- Frisco Commons Park
- Stonebriar Centre
- Frisco Square

<br>

## School Districts:​ 

<br>

- Frisco Independent School District (ISD)
- Prosper Independent School District
- Lewisville Independent School District	
- Little Elm Independent School District

<br>

## Colleges & Universities

<br>

- Collin College, Preston Ridge Campus
- Amberton University
- Career and Technology Education Center
- University of Dallas, Frisco Campus
- UT Arlington, MBA Campus
- University of North Texas, Frisco Campus

<br>

## Major employers in Frisco, TX

<br>

- 4WEB Medical
- Addus HomeCare
- Altair Global
- Amazon Delivery Station
- Argon Medical Devices, Inc.
- Brierley+Partners
- Cardtronics
- Careington International Corporation
- Code Authority
- Complexity
- Comstock Resources
- Conifer Health Solutions
- Cornerstone Automation Systems, Inc. (CASI)
- Dairy.com
- Dallas Cowboys Merchandising Distribution and Sales Center
- Equinix
- FA Peinado
- FedEx
- Fiserv
- FM Global
- GEA Food Solutions
- Gearbox Software
- HCL America
- Healthcare Highways
- Home Depot
- HRchitect
- JW Logistics
- Keurig Dr Pepper
- KidZania USA
- Level 3 Communications
- Lexipol
- Magnus Chemicals
- MoneyGram Payment Systems
- National Breast Cancer Foundation Inc.
- Oracle
- Paycor
- Quality Custom Distribution (QCD)
- Schlumberger Technology Corporation
- Schneider Optical Machines Inc.
- Scoreboard Ventures
- Sentient Energy
- Social Finance (SoFi)
- SunteckTTS
- T-Mobile West
- The Hartford
- ThyssenKrupp Elevator Corporation
- Transplace Texas
- Valify
- Walgreens Specialty Pharmacy
- Wintrust Commercial Finance
- WorldLink

​<br>

## Sources: 

<br>

- U.S. Census Bureau
- Frisco Economic Development Corporation

<br>

## Looking for houses for sale in Frisco, TX? 

<br>

## [Browse listings!](https://www.offermarket.us/listings?ref=frisco-tx-market-overview)

<br>

Frisco, TX, is one of the fastest growing cities. Learn about Frisco real estate opportunities in this market overview.

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Frisco, TX - Real Estate Market Overview - OfferMarket

Frisco, TX

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket also provides DSCR rental loans, bridge loans, hard money, fix & flip, rehab, ground up construction loans.

Rental Loans

Property value growth rates:

Walkability: medium​

Nearby attractions:

Nearby neighborhoods:

How far is West Covina from:

School District:​ West Covina Unified School District

Looking for houses for sale in Hampden?

Browse listings!

<br>

<iframe src="https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d105787.90422928045!2d-117.98273967538148!3d34.04715419063457!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x80c329c466d70ea9%3A0xe45ef44baa0981ea!2sWest%20Covina%2C%20CA!5e0!3m2!1sen!2sus!4v1609121845211!5m2!1sen!2sus" width="600" height="450" frameborder="0" style="border:0;" allowfullscreen="" aria-hidden="false" tabindex="0"></iframe><br>

<br>

- County: Los Angeles
- Property tax rate: 1.175% 
- Sales tax rate: 9.5%
- Area code: 626
- ZIP Codes: 91790, 91791, 91792
- Nearest airports: John Wayne Airport (SNA), Los Angeles International Airport (LAX)
- Median home value: $540,500

<br>

## Property value growth rates:

<br>

- +7.5% 1-year forecast

<br>

## Walkability: medium​

<br>

## Nearby attractions:

<br>

- Walmerado Park
- Central Bark Dog Park
- Orangewood Roller Hockey Park
- Del Norte Park
- Cortez Park
- IKEA
- Tokyo Central

<br>

## Nearby neighborhoods:

<br>

- Covina
- Baldwin Park
- Pomona
- El Monte
- Walnut

<br>

## How far is West Covina from:

<br>

- Los Angeles, CA
- Burbank, CA
- Newport, CA

<br>

## School District:​ West Covina Unified School District

​<br>

### Sources: 

<br>

- U.S. Census Bureau

<br>

## Looking for houses for sale in Hampden? 

<br>

## [Browse listings!](https://www.offermarket.us/listings?ref=hampden-baltimore-md-market-overview)

### Related Content

<br>

- [We Buy Houses In West Covina, CA](https://www.offermarket.us/we-buy-houses/west-covina-ca)
- [Sell My House Fast in West Covina, CA](https://www.offermarket.us/sell-my-house-fast/west-covina-ca)

Explore the real estate market in West Covina, CA. Get insights into available homes for sale and trends in this area.

*Quote takes 1 minute, no credit pull

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West Covina, CA

* Takes 2 minutes, no credit pull

Property value growth rates:

Walkability: medium

Nearby attractions:

Nearby neighborhoods:

How far is West Covina from:

School District: West Covina Unified School District

Sources:

Looking for houses for sale in Hampden?

Browse listings!

* Takes 2 minutes, no credit pull

*Quote takes 1 minute, no credit pull

*1 quote from 40+ carriers

*New listings daily

West Covina, CA

* Takes 2 minutes, no credit pull

Property value growth rates:

Walkability: medium​

Nearby attractions:

Nearby neighborhoods:

How far is West Covina from:

School District:​ West Covina Unified School District

Sources:

Looking for houses for sale in Hampden?

Browse listings!

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* Takes 2 minutes, no credit pull

Walkability: medium

School District: West Covina Unified School District