Anyone else incredibly frustrated with this inflated real estate market?

Vent. Share your misery with me. Words of encouragement. Anything.

We have been looking for a new home for a year now. Although we haven't found exactly what we want, we have changed our expectations and have made 5 offers. We have also been in 5 bidding wars. 4 of which were inflated for no particular reason... possibly the agent playing both sides. I can understand the urgency, as inventory is low. However, I've noticed homes in the 2.5-3M+ range being sold within week. This was not the case last year. A home over 2M naturally took longer to sell...Who's buying these homes, and when is it going to lighten up? If ever.

Should we just add on to our home? Wait?

I'm so incredibly discouraged at this point that I have stopped actively looking.

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