Why is housing inventory so low??
Everyone is asking this question, and here are the three main reasons:
1. People who bought with low rates from the previous few years don’t want to give them up.
2. Foreclosures and evictions are still low post-pandemic on the heels of government-mandated moratoriums.
3. New construction is not keeping up with population growth, and California is now facing a shortage of 1 million houses.
If you have been thinking about selling, this is a fantastic time to get lots of attention from the market and capture your equity.
There are still many great opportunities for buyers in the market right now - you just have to be willing to think outside the box!
Please reach out to discuss your real estate goals! We would be honored to help you!
