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Why is real estate inventory so low?

With the way prices are soaring, you would think sellers would look to sell before interest rates go back up.

Especially all those retirees who are planning to sell and move to Florida, Arizona, etc.

by Anonymousreply 8Last Wednesday at 12:49 PM

Apparently it's difficult to find anything to move onto, at least it is here in CT.

by Anonymousreply 1Last Tuesday at 11:54 AM

I’m in the Denver metro area and inventory is ridiculously low.

by Anonymousreply 2Last Tuesday at 11:57 AM

People don’t want hyperventilating Typhoid Mary Covid carriers going through their closets.

by Anonymousreply 3Last Tuesday at 11:57 AM

It a hot market for sellers now. I heard that some are getting 10K to 20K over asking price...and the homes are sold within a few days. This is in New Jersey.

by Anonymousreply 4Last Tuesday at 11:58 AM

When would be a good time to buy?

by Anonymousreply 5Last Tuesday at 12:01 PM

Interest rates are historically low

by Anonymousreply 6Last Tuesday at 12:04 PM

I wish interest rates would go way up for a while.

You can refi out of a “bad” interest rate, but you can’t refi out of a bad price.

Prices have gone up 20% in 2-3 years on shitty, shitty houses in my area (suburbs of LA.)

by Anonymousreply 7Last Tuesday at 12:07 PM

So when will the bubble pop? When boomers start dying?

by Anonymousreply 8Last Wednesday at 12:49 PM
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