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The U.S. housing market is on fire, with the supply of available homes falling drastically short of pandemic-stoked demand. Worrywarts are calling it a “crisis” and circulating weird tales of buyer desperation — including one about a supplicant in Bethesda, Maryland, who apparently offered t…

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As lockdowns sent city dwellers “fleeing” to the suburbs for more space, the prices of homes offering that space took off. To play in the bidding wars, homebuyers had to cough up big money and chain themselves to giant mortgages. This painful scenario led many to choose renting over buying, …