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>"The inventory of homes for sale is startlingly low. The pandemic is part of the reason, but it’s not the whole story."
>"The inventory of homes for sale is startlingly low. The pandemic is part of the reason, but it’s not the whole story."
Buyer’s market, seller’s market, or no one’s market? It’s too difficult to distinguish what’s going on due to the pandemic and everyone literally trying to stay home. “Every additional home that gets pulled off the market incentivizes someone else to not sell their house,” Mr. McLaughlin said. “That’s a self-reinforcing cycle.”
Buyer’s market, seller’s market, or no one’s market? It’s too difficult to distinguish what’s going on due to the pandemic and everyone literally trying to stay home. “Every additional home that gets pulled off the market incentivizes someone else to not sell their house,” Mr. McLaughlin said. “That’s a self-reinforcing cycle.”
It's crazy in NY/NJ area. Everything going for much more than asking and nothing stays on the market for too long. Have a bunch of friends who are getting squeezed into bidding wars atm. Just amazing how the pandemic, WFH, purchases by millennials and current home upgrades all came about all the same time to soak up inventory.
It's crazy in NY/NJ area. Everything going for much more than asking and nothing stays on the market for too long. Have a bunch of friends who are getting squeezed into bidding wars atm. Just amazing how the pandemic, WFH, purchases by millennials and current home upgrades all came about all the same time to soak up inventory.
This is because large investors are also buying homes, thousands of them. Corporate equity managed funds and even hedge funds are getting into it. These have furthered the decline in inventory available to individual home buyers. Most of these homes are being rented out as both long and short-term rentals.
This is because large investors are also buying homes, thousands of them. Corporate equity managed funds and even hedge funds are getting into it. These have furthered the decline in inventory available to individual home buyers. Most of these homes are being rented out as both long and short-term rentals.
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at.
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at.
So it's one of those rare times when your Realtor isn't using puffery by saying that it's both a great time to sell, and a great time to buy. Buying in SD is still very expensive (too expensive!), just not more expensive than San Diego's historical average.
So it's one of those rare times when your Realtor isn't using puffery by saying that it's both a great time to sell, and a great time to buy. Buying in SD is still very expensive (too expensive!), just not more expensive than San Diego's historical average.
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