As I was driving around today something was bubbling in my mind. What was it?
Well, as I drove around I saw a few For Sale signs in the yards of homes. What caught my attention and was then on my mind the rest of my drive to the office was the fact that 6 of the 7 signs I saw all had "Sold" affixed to them.
That sure seemed like a high percentage in just my little real world observations.
To me, that confirms what I hear from clients and Realtors across the country, housing inventory is very low.
Thank goodness!
Low inventory is a primal economic force for a better housing market for us all. Supply versus demand. Low supply will help keep prices up not matter what the demand is.
From my drive today, demand was high for 6 of 7 homes to be sold.
BG
Here are some articles on the topic:
http://www.marketwatch.com/story/in-some-places-homes-sell-in-just-one-day-2013-06-10
http://www.prweb.com/releases/low-housing-inventory/Minneapolis-home-sales/prweb10538864.htm
http://blog.equifax.com/real-estate/low-inventories-may-hurt-spring-real-estate-market/
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