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Are the huge and fast price increases on homes making anyone else pause?

I'm in the market for a house and every time I look at the price history it makes me pause. For example a house that I'm looking at is currently on the market for 1.2M, it last sold in 2020 for 575K and in 2017 for 425K. How did that happen (yeah I know how it happened but what!?) Another house I looked at that's listed at 979K was sold for 550k in 2020 and for 389K in 2018. Does this make anyone else pause when they look at the market? It just seems like a potential house of cards and people keep putting their homes back on the market quickly to cash out the fast equity.

submitted by /u/ProfessionalSmoke296
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source https://www.reddit.com/r/RealEstate/comments/t13rh3/are_the_huge_and_fast_price_increases_on_homes/
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